Category Archives: HedgeCo News
Hedge Fund Investors Continue Leaving SAC
New York (HedgeCo.Net) – San Francisco-based fund of hedge funds Ironwood Capital Management is planning to pull about $100 million from hedge fund billionaire Steven Cohen’s SAC Capital Advisors, according to a Reuters report. Since the SEC insider trading investigation […]
Bird Flu Scare Runs Morgan Stanley Event Out Of Asia
New York (HedgeCo.Net) – Morgan Stanley has decided to postpone and move it’s hedge fund showcase from Shanghai to New York because of the rise in cases of Avian Influenza (bird flu) in China, Bloomberg reports. Some investors and managers refused […]
Hedge Fund Manager Highland Wins Investor Lawsuit
New York (HedgeCo.Net) – Dallas-based hedge fund manager Highland Capital Management LP won a court ruling against some of it’s investors who believed they were misled regarding the health of two of it’s hedge funds. Investors alleged that as a […]
Maiden Hedge Fund Manager Pleads Guilty, Released on $50,000 Bond
New York (HedgeCo.Net) – Charlotte hedge fund manager Stephen Ewing Maiden has pleaded guilty to securities fraud for hiding investment losses that cost his victims at least $8.9 million, and was released on a $50,000 unsecured bond until sentencing. “U.S. Magistrate Judge David […]
SALT 2013 – A review of the SkyBridge Annual Hedge Fund Conference in Vegas
New York (HedgeCo.Net) – SALT is Skybridge’s annual hedge fund conference held in Las Vegas each year. This May marked my fourth SALT conference. Now 2 weeks after it ended I’ve finally caught up with all my emails, and it’s time to digest […]
Hedge Fund Administration firm Northern Trust wins Custody Risk Magazine Award
New York (HedgeCo.Net) – For the second consecutive year, Northern Trust has been recognized for both transition management and hedge fund administration by Custody Risk magazine, which recognizes outstanding achievement in the securities services industry with its Americas Awards 2013. “These […]
Rajat Gupta Challenges Hedge Fund Insider Trading Conviction, Chiesi Released
New York (HedgeCo.Net) – Ex-Goldman executive Rajat Gupta’s lawyers have requested a re-trial regarding his conviction in last year’s billion dollar hedge fund scandal. “Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that […]
Goldman’s Mutual Fund of Hedge Funds targets 401(k) and individual portfolios
New York (HedgeCo.Net) – Goldman Sachs announced it was launching the Goldman Sachs Multi-Manager Alternatives Fund. This new mutual will invest directly in hedge funds which up until now have been only available to Accredited Investors. The fact sheet states […]
Citi to boost Assets Under Administration with $4.2 billion mandate from NWI Management
New York (HedgeCo.Net) – Citi has been awarded a new mandate to provide hedge fund administration services to NWI Management LP (“NWI”), a New York-based investment adviser. The mandate covers private investment funds totaling over $3.1 billion in assets as […]
Steven Cohen reported to close up SAC Capital in Insider Trading deal
New York (HedgeCo.Net) – We have reported the ongoing trouble that SAC’s Steven Cohen with Insider Trading allegations against traders at his firm SAC Capital. In January, 2011 after the first slate of investigations, Steven Cohen consoled his investors with […]
Hedge Funds Investing In Junk Mortgage Bonds
New York (HedgeCo.Net) Hedge funds are speculating that some of the mortgage insurers hit the worst by the U.S. housing crisis will big winners in the rebound. Hedge funds Paulson & Co. and Maverick Capital have both made serious investments into the struggling sector. ‘Maverick, […]