Category Archives: HedgeCo News
BTS Tactical Fixed Income Fund converts from Hedge Fund to an 40 Act Mutual Fund
New York (HedgeCo.Net) – BTS Asset Management announced the conversion of the BTS Tactical Fixed Income Fund LLC from a hedge fund to a 1940 Act mutual fund. The BTS Tactical Fixed Income Fund (BTFAX, BTFCX) has a goal to […]
BV Investment Partners Sells Off Hedge Fund Administrator Butterfield Fulcrum
New York (HedgeCo.Net) Private equity firm BV Investment Partners is selling off hedge fund administrator Butterfield Fulcrum to Mitsubishi UFJ Trust and Banking Corporation. The Butterfield Fulcrum Group services more than 850 funds and has seven offices in six countries […]
Court Says Madoff’s Hedge Fund Victims Can’t Sue Big Banks
New York (HedgeCo.Net) – The trustee in charge of recovering money for the victims of Bernard Madoff’s hedge fund Ponzi scheme aren’t allowed to track down the big banks who allegedly aided in the fraud, a federal appeals court has […]
Hedge Fund Manager Predicts China Market Crash
New York (HedgeCo.Net) – Hedge fund manager and former chess-grandmaster Patrick Wolff is speculating on a stock market crash in China, according to Reuters. “People are talking way too much about the Federal Reserve and not enough about China,” Wolff said. […]
Hedge Fund Manager Suggests That The Market Is Rigged
New York (HedgeCo.Net) – American hedge fund founder and money manager for George Soros said in an interview with Goldman Sachs that his particular set of skills are no longer needed. “Ten years ago, if the stock market had done what it […]
Survey: Fund Of Hedge Funds Still in Recovery Post-financial Crisis
New York (HedgeCo.Net) – More than half of fund of hedge fund firms (FoHF) surveyed – 53% – increased both revenue and assets under management in the 2010 – 2012 period, compared with only 47% that did so from 2009 […]
Level Global and Diamondback Hedge Fund Managers Free on Bail
New York (HedgeCo.Net) – A New York judge has granted a request for hedge fund managers Anthony Chiasson, co-founder of hedge fund Level Global Investors, and Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, to go free on bail. Chiasson […]
Activist Hedge Fund Ups Its Sony Stake
New York (HedgeCo.Net) – Hedge fund Third Point has added five million shares in Sony Corp., taking its stake to 7% (up from 6.5%). Daniel Loeb and his hedge fund want Sony to spin off part of its entertainment arm that will include a Hollywood […]
Hedge Fund Manager Pleads Guilty To An Elaborate Scheme To Defraud Investors
New York (HedgeCo.Net) – A North Carolina hedge fund manager who created fictional bank personnel to trick his auditor while he was defrauding investors has agreed to plead guilty to one count of securities fraud. James Shepherd, of Vass, North […]
SEC To Reward Whistleblowers In Hedge Fund Fraud Case
New York (HedgeCo.Net) – In 2011 the SEC obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm. Now the SEC has said that it will award whistleblowers 15% of whatever it can collect from Andrey C. Hicks and […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.42% in May
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.42% for the month of May. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. April, May and YTD 2013 […]
One Hedge Fund Manager’s War Against Corruption In Russia
New York (HedgeCo.Net) – Hedge fund founder and outspoken critic of corruption in Russia, Bill Browder, has told CNBC that he fears for his life and that if he were to be assassinated, “everyone would know who did it.” Browder’s […]