Category Archives: HedgeCo News
Hedge Fund Launch: RWC Global Horizon Fund
New York (HedgeCo.Net) – $5.8bn hedge fund manager RWC is launching the RWC Global Horizon Fund in June which will be managed by recent joiner Louise Keeling. Keeling joined RWC in April as a Partner to establish a long only Global […]
Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed
New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed for six months while his lawyer works on a separate criminal case. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. “We […]
Chicago’s 11th Hedge Funds Care Features Prohibition Era Theme
New York (HedgeCo.Net) – Hedge Funds Care’s 2013 Open Your Heart to the Children Benefit (preventing and treating child abuse) is reaching out to the finance industry’s younger crowd with a prohibition era themed nightclub venue and after-party. The Kelly Lively […]
Hedge Funds Up 4% Globally
New York (HedgeCo.Net) – Hedge funds posted positive returns in April as most markets trended upwards during the month according to the Eurekahedge Hedge Fund Index which was up 1.09% during the month, while the MSCI World Index gained 2.02% in April. […]
BlackRock Manager Launches Hedge Fund Consulting Firm
New York (HedgeCo.Net) – A former managing director at BlackRock, David A. Geffen, has formed a consulting firm focused exclusively on the hedge fund industry. “The alternative investment industry is poised for significant growth and many fund managers will benefit […]
Hedge Fund Fraud: Norfolk Manager Found Guilty
New York (HedgeCo.Net) – Norfolk based hedge fund manager Jeffrey A. Martinovich was found guilty on Monday by a jury on 17 criminal counts in a fraud trial in U.S. District Court. His hedge fund, the now-defunct MICG Investment stands accused […]
Hedge Fund Gold Bets: John Paulson Loses $1 Billion
New York (HedgeCo.Net) – In two days hedge fund manager John Paulson lost almost $1 billion as the gold price dropped last week. “Paulson has roughly $9.5 billion invested across his hedge funds, of which about 85 percent is invested […]
Man Announces FUM of $54.8 Billion for 1st Quarter
New York (HedgeCo.Net) – Hedge fund giant Man Group says that their funds under management (FUM) at 31 March 2013 are at $54.8 billion. ( compared with $57.0 31 December 2012). “The world economy still faces significant challenges but with reduced […]
Hedge Fund Mogul Steven Cohen stands strong against Insider Trading probe
New York (HedgeCo.Net) – Investigations of insider trading by the S.E.C. and the U.S. Attorney’s office have haunted Hedge Fund SAC Capital and it’s manager, and 117th richest man in the country, Steven A. Cohen, for the last few years. […]
Backstop Acquires PerTrac CMS from eVestment
New York (HedgeCo.Net) – Backstop Solutions Group (BSG), a leading Software-as-a-Service provider to the alternative asset management industry, announces the acquisition of the PerTrac CMS product line, a specialized customer relationship management tool built exclusively for the institutional investment community, […]
Zombie Hedge Funds Being Snapped Up By New Joint Venture
New York (HedgeCo.Net) $7.3 billion hedge fund secondary buyer Crestline Investors Inc, and merchant banker Kirchner Group have joined forces to launch a joint venture with the aim of buying up so-called zombie funds from their original private equity sponsors, according to a […]
Volatility Hedge Funds Down In 2013
New York (HedgeCo.Net) – Volatility funds such as $600 million Saiers Capital fund, use strategies that take advantage of pricing discrepancies caused by gyrations in global financial markets. “These funds flourished in the years after the financial crisis, when volatility was running hot, […]