Category Archives: HedgeCo News
Cohen Subpoenaed to Testify In Hedge Fund Fraud Case
New York (HedgeCo.Net) – Hedge fund billionaire Steven A. Cohen has been subpoenaed to testify before a grand jury in an SEC insider trading investigation into his hedge fund, SAC Capital Advisors. Private-equity giant Blackstone Group, the hedge fund’s largest outside […]
Goldman Launches Access To Hedge Funds For Only $1000
New York (HedgeCo.)net) – Goldman Sachs has plans to bring the trading strategies of Wall Street hedge funds to investors with as little as $1000, financial news source The Street Reports. “The bank’s investment management unit, Goldman Sachs Asset Management, […]
Pershing and BNY Mellon Combine Bank and Brokerage Custody into a Single Service Offering
New York (HedgeCo.Net) – Pershing LLC, a BNY Mellon company, today announced that Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group, will now deliver a single-service integrated bank and brokerage custody offering. Advisors will no longer have […]
AllianceBernstein’s Global Funds Win Top Industry Honors at Lipper Awards
New York (HedgeCo.Net) – AllianceBernstein announced today that nine of its funds spanning the fixed income, equities, emerging markets and technology sectors won a total of 35 top honors in Europe, Asia and the U.S. at this year’s Lipper awards. […]
Institutional Hedge Fund Study: Investments To Reach $2.3 Trillion by 2017
New York (HedgeCo.Net) – Pensions & Investments report that global institutional investment in hedge funds will increase 56% to $2.3 trillion by year-end 2017 from the end of 2012. A new report by Citi,’The Rise of Liquid Alternatives & the […]
India: Suicides Mount In Investment Ponzi Scheme
New York (HedgeCo.Net) – A director at a investment company based out of West Bengal, India has been killed and there have been 11 suicides among the victims of the scam reported so far, including a 16 year old wage-labourer who had invested in the […]
UPDATE:Small Cap Hedge Funds show interest in edible Marijuana products from Latteno
New York (HedgeCo.Net) – Latteno Food Corp.’s wholly-owned subsidiary Green Cannabis, has rolled-out it’s first set of medical marijuana edible products consisting of Peanut Butter Cups, Chocolate Bars and Chocolate Chip Cookies all made out of Cannabutter. The peanut butter […]
Billionaire Hedge Fund Manager Wants A Sony Spin-Off
New York (HedgeCo.Net) – Bloomberg reports that the founder of hedge fund Third Point is looking to breakup Sony Corp., after acquiring a 6.5 percent stake in the company. Daniel Loeb wants Sony to spin off part of its entertainment arm […]
Chiasson Gets Over 6 Years For Hedge Fund Insider Trading
New York (HedgeCo.Net) – Hedge Fund manager Anthony Chiasson, who was found guilty of insider trading charges back in December 2012, was yesterday sentenced to six and a half years in prison by Judge Sullivan, of the Federal District Court […]
Hedge Fund Net Flows Advance 0.63% in May
New York (HedgeCo.Net) – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2013 measured 1.44%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.63% in May. “Subscriptions outpaced redemptions for […]
Hedge Fund Fraud: Falcone To Pay SEC $18 Million
New York (HedgeCo.Net) – Without admitting or denying the SEC’s allegations, Philip Falcone and his hedge fund Harbinger Capital Partners have agreed to pay $18 million and will be barred for two years from working as an investment adviser or broker. “The SEC alleged in […]
Hedge Fund To Liquidate After Insider Trading Arrests
New York (HedgeCo.Net) – $100 million hedge fund, Lodestone Natural Resources, is being liquidated after U.K. regulators detained CIO Tim Whyte and founding partner Carl Linderum for questioning as part of an investigation into alleged insider trading, Bloomberg reports. “Lodestone joins U.S. […]