Category Archives: HedgeCo News
UK Hedge Fund Manager Wannabe Arrested In Cold Case Murder
New York (HedgeCo.Net) – Self-proclaimed math whiz and aspiring hedge fund manager Steven Goff, 41, of Ventnor, UK, has turned himself in to the police claiming that he killed a teenager in a 1990 cold case. According to his confession he stabbed […]
Survey: 14% Jump in New Hedge Funds with Equities Strategies
New York (HedgeCo.Net) – Seward & Kissel, the law firm that helped create the first hedge fund in 1949, announced its second annual study of New Hedge Funds in the U.S. The New Hedge Fund Study: 2012 Edition, has revealed that 64% […]
Hedge Fund Fraud: Man Employee Arrested
New York (HedgeCo.Net) – An unidentified employee in hedge fund giant Man Group’s GLG division was arrested on suspicion of insider trading. The UK Financial Services Authority (FSA) announced the arrest of three fund management employees in London. “The investigation concerned the employee’s […]
Hedge Fund Managers: AIFMD To Be Implemented on July 22
New York (HedgeCo.Net) – The Alternative Investment Fund Managers Directive (the “Directive”) will be implemented on July 22, 2013 and will impact the reporting requirements of alternative investment fund managers (“AIFMs”) covered by the Directive, including hedge funds based in […]
SAC Portfolio Manager Michael Steinberg Allegedly Earned $1.4 Million in Illegal Profits through Insider Trading
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District of New York, today announced conspiracy and securities fraud charges against Michael Steinberg, for his alleged involvement in an insider trading scheme. Steinberg, 41, is charged […]
B.P. In Talks With Hedge Funds Over Funding For Oil Spill Payouts
New York (HedgeCo.Net) – The lawsuit settlement funding firm for B.P. Gulf of Mexico Oil Spill plaintiffs, Legal-Bay, has been in talks with several foreign institutional hedge fund investors as well as traditional banks to raise more funding capital. Legal-Bay previously […]
Connecticut Hedge Fund Managers Charged With Securities Fraud
New York (HedgeCo.Net) – Connecticut-based hedge fund managers David Bryson, Bart Gutekunst and their advisory firm, New Stream Capital, LLC, have been accused of lying to investors about the capital structure and financial condition of their $750-plus million hedge fund focused on […]
Brother of Galleon Hedge Fund Founder Pleads Not Guilty
New York (HedgeCo.Net) – Rengan Rajaratnam has pleaded not guilty in NY court to charges of conspiring in an insider trading scheme to illegally earn nearly 1.2 million. He has been charged with conspiring with his older brother, the imprisoned hedge fund manager Raj […]
Study: The Impact Of The Obamacare Tax On Hedge Funds
New York (HedgeCo.Net) – Hedge fund law firm Hirschler Fleischer has issued a new whitepaper on the impact of the Obamacare tax on the incentive allocation/carried interest of private fund managers: ‘New Obamacare Tax: Can a Private Fund Manager’s Carried […]
SEC Charges Houston Hedge Fund Manager With Fraud
New York (HedgeCo.Net) – The SEC has issued charges against a Houston-based hedge fund manager and his firm accused of defrauding investors in two hedge funds and steering bloated fees to a brokerage firm CEO who also is charged in […]
Investors Pull $1.1 Billion From Hedge Funds
New York (HedgeCo.Net) – Morningstar has reported preliminary hedge fund performance for February 2013 as well as estimated asset flows through January 2013. The Morningstar MSCI Composite Hedge Fund Index rose 0.5% in February and 5.4% over the trailing 12 […]
Fake Hedge Fund Manager Gets An SEC Asset Freeze
New York (HedgeCo.Net) – The SEC has announced an asset freeze against a Massachusetts-based investment adviser charged with stealing money from clients who were given the false impression they were investing in a hedge fund. The SEC also says that […]