Category Archives: HedgeCo News
Hedge Fund People – BTIG Hires Three Knight Capital Traders
New York (HedgeCo.Net) – Global institutional trading and related brokerage services firm BTIG LLC, has added three hedge fund veteran traders: Matt Biety, Matt Krebs and Peter Murphy, to its Chicago office. Peter Murphy joins BTIG as a Managing Director. He is […]
Conifer Launches Cloud-Based Hedge Fund PF Solution
New York (HedgeCo.Net) – Hedge fund administrator The Conifer Group LLC, has launched a cloud-based Form PF solution. The technology will allow Conifer’s fund administration clients and other funds to complete, file and revise Form PF, an in-depth document which […]
California Hedge Fund Manager Jailed For Fraud
New York (HedgeCo.Net) – Albert Ke-Jung Hu, a silicon valley hedge fund manager, has been jailed for 12 years on charges of defrauding investors out of at least $6.5 million. “Instead of investing the money as promised, Hu “converted that money […]
Hedge Fund People: Julie O’Hara Joins Carne’s Global Fund Governance Team
New York (HedgeCo.Net) – Julie O’Hara is the latest independent fund director to join hedge fund advisor Carne Group. Her appointment brings the total number of the firm’s fund directors to twenty. Julie joins Carne from hedge fund law firm […]
SS&C GlobeOp Capital Movement Index: Hedge fund flows declined 2.58% in January
New York (HedgeCo.Net) – SS&C GlobeOp announced that its Performance Index for December measured 1.27% and its Capital Movement Index showed net flows decline 2.58% in January, 2013. There are high volumes of asset movement between funds, with redemptions overtaking […]
Former Florida Regulator Joins Hedge Fund Consulting Team
New York (HedgeCo.Net) – Florida’s former chief of the Bureau of Securities Regulation is joining the hedge fund regulatory compliance firm of Virginia-based Oyster Consulting. In his new role as Associate Director, Bill Reilly will support broker/dealers, hedge funds and investment […]
2012: Total Hedge Fund Assets Grew To $1.78 trillion
New York (HedgeCo.Net) – The Eurekahedge Hedge Fund Index was up 1% in December, bringing the yearly number to 5.63%. The MSCI World Index1 returned 2.28% in December and was up 13.75% for year 2012. Hedge funds started the year on a strong […]
Hedge Fund Mergers & Acquisitions: Arthur J. Gallagher Buys The Eriksen Group
New York (HedgeCo.Net) – International hedge fund brokerage and risk management company Arthur J. Gallagher has acquired central US retirement consulting firm Eriksen Group. Eriksen is a retirement consulting firm that provides ongoing and project-based retirement consulting services to their clients throughout […]
Madoff: Doomed Hedge Fund Magnate Speaks Out
New York (HedgeCo.Net) – The master of manipulation, Bernie Madoff, second only to Charles Ponzi himself, sent out a Christmas memo claiming that “Insider trading… has been present in the market forever, but rarely been prosecuted.” “Markets have always focused on […]
UK To “Forgive” Backlog of Wealthy Tax Evaders
New York (HedgeCo.Net) – UK bankers, hedge fund managers and celebrities are being offered a chance to settle income tax avoidance schemes estimated to have sheltered more than £3.5bn ($5.6 billion) through film financing structures and other tax-motivated partnerships, the Guardian reports. The […]
15 Hedge Funds To Be Added To NY City Pensions
New York (HedgeCo.Net) – In an attempt to reduce volatility and heighten returns, New York City’s Employees’ Retirement System, Police Department and Fire Department are planning on adding up to 15 hedge fund managers over the next few years. Fire Engineering reports: […]
Teacher Pension Funds Pressure Cerberus Into Selling Gun Company
New York (HedgeCo.Net) – $20 billion private equity and hedge fund firm, Cerberus Capital Management, has decided to sell all stakes in Freedom Group, a US gun maker that made the AR-15 rifle used in the recent Sandy Hook tragedy. “It is not our […]