Category Archives: HedgeCo News
Eurekahedge Hedge Fund index up 0.42%
New York (HedgeCo.Net) – Hedge funds delivered positive performance in November, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 0.42% while the MSCI World Index gained 1.05% over the month. Total assets […]
2 Prominent Hedge Fund Managers Found Guilty
New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, […]
Budget Talks: Obama Adviser to Meet With Hedge Fund Managers
New York (Hedge Co.Net) – The White House is reaching out to hedge fund managers in an effort to resolve the budget dispute, Bloomberg reports. According to an administration official, senior Obama adviser Valerie Jarrett is meeting with executives including Daniel […]
Legg Mason Acquires EU Fund Of Hedge Fund Manager Fauchier Partners
New York (HedgeCo.Net) – $648 billion global asset management firm Legg Mason, Inc., and hedge fund manager affiliate Permal have acquired Fauchier Partners, a $6 billion European based funds of hedge funds manager, from BNP Paribas Investment Partners. Fauchier Partners will be combined […]
Treasury Department Reaches Largest Bank Settlement in U.S. History With HSBC
New York (Hedgeco.Net) – The U.S. Department of the Treasury announced settlements amounting to $875 million, the largest collective settlement in the department’s history, with HSBC. In total, more than $1.9 billion were assessed in penalties for HSBC’s conduct in violation […]
2012 Hedge Fund Business Expense Survey
New York (HedgeCo.Net) – It takes at least $250 million in assets for a hedge fund to be self-sustaining on its management fees alone, while the largest hedge fund firms incur significant additional costs due to complexity and size, according […]
Hedge Funds Up 0.52% In November
New York (HedgeCo.Net) – Hedge funds posted marginal gains in November amid mid-month reversals in market trends. The Eurekahedge Hedge Fund Index was up 0.52% bringing its year-to-date (YTD) return to 4.51%. In contrast the MSCI World Index gained 1.05% for the […]
EU Hedge Funds And Risk Parity
New York (HedgeCo.Net) – UK and European institutional hedge fund investors reveal a growing, but in some cases limited familiarity of Risk Parity strategies according to an independent Europewide study, commissioned by Aquila Capital, one of Europe´s leading alternative investment managers. […]
People Moves: Two New Hires At The Hedge Fund Association
New York (HedgeCo.Net) – The Hedge Fund Association has appointed April J. Rudin as chairperson at a new High Net Worth Advisory Board. Rudin has over 20 years of marketing experience in both corporate and financial services settings. In a separate […]
“Hedge Fund Madam” To Tell All On Dr Phil
New York (HedgeCo.Net) – The Scottish-born “hedge fund madam” who was accused of running a brothel from her New York home is planning on naming some of her high-profile clients during a television appearance on Dr Phil next week. “There […]
Three Unregistered Brokers Charged For Improper Sales Of Hedge Fund Interests
New York (HedgeCo.Net) – The SEC has charged three brokers who raised funds for an Oregon-based hedge fund manager for failing to register as broker-dealers before engaging in securities transactions. “Broker-dealer registration is crucial to protecting investors from Ponzi schemes […]
Hedge Funds Face Increased Costs
New York (HedgeCo.Net) – Nearly 60% of hedge fund managers in North America say the cost of business has increased in the past year, according to a new study. However, there continues to be a disparity between managers’ and investors’ views about […]