Category Archives: HedgeCo News
Pension Investment Management Company AIJ President Arrested in Japan
New York (HedgeCo.Net) AIJ President Kazuhiko Asakawa, 60, was arrested on suspicion of defrauding two corporate pension funds by presenting false investment performance records last year. This comes after a March raid of AIJ’s headquarters as well as 20 other […]
Fund of Hedge Funds Prisma Capital Partners purchased by KKR
New York (HedgeCo.Net) – Kohlberg Kravis Roberts, a leading global investment firm, today announced an agreement to acquire Prisma Capital Partners LP (“Prisma”), a leading provider of customized hedge fund solutions. The New York Based Prisma Capital Partners has made […]
Galleon hedge fund case brings down Former Goldman Sachs director Rajat Gupta
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District announced that Rajat K. Gupta, former corporate chairman of an international consulting firm and a member of the Boards of Directors of The Goldman Sachs Group […]
Citi Prime Finance Survey shows Hedge Fund Assets doubling in 5 years
New York (HedgeCo.net) – A recent study from Citi Prime Finance projects a doubling of assets in upcoming years. This news comes on the heels of a Reuters report that shows $5 Billion outflows in the month of April. BarclayHedge […]
Finland-Based Estlander & Partners Expands Hedge Fund Operations To U.S.
New York (HedgeCo.net) – Estlander & Partners, Inc., a Finnish alternative hedge fund investment management company and Commodity Trading Advisor (CTA) has launched of its U.S. operations based in Stamford, Connecticut, which will be led by Dan Rizzuto, CFA, as […]
GlobeOp: Hedge Funds Advance 1.60% in June
New York (HedgeCo.net) – Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 1.60% in June. “Solid net flows into hedge funds continued in June,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). The GlobeOp […]
Two New 100 Women in Hedge Funds Earn CAIA Charter
New York (HedgeCo.net) – The Chartered Alternative Investment Analyst (CAIA) Foundation, sponsored by the CAIA Association, today announced that two members of the inaugural class of “100 Women in Hedge Funds/CAIA Scholars” have completed the CAIA Program. Kaoutar Sbiyaa, Product […]
US Treasury Settles with Cuba/Iran to the tune of $619 Million
New York (HedgeCo.net) – The US Treasury today announced a $619 million settlement with ING Bank N.V. to settle potential liability for apparent violations of U.S. sanctions. Today’s settlement is the largest OFAC settlement of any kind to date. The […]
The Hedge Fund Association Expands Presence in China
New York (HedgeCo.net) – In its continuing effort to support the global hedge fund industry through education and advocacy, the Hedge Fund Association ( HFA) announced that Adam J. Steinberg, a financial communications consultant in Beijing, has been tapped to […]
Neuberger Berman Launches an Array of Hedge Fund Strategies in a Mutual Fund Structure
New York (HedgeCo.net) – Neuberger Berman Group LLC, has launched the Neuberger Berman Absolute Return Multi-Manager Fund. The new fund is focused on absolute returns by allocating its assets to multiple hedge fund advisers that employ distinct alternative investment strategies. This the first […]
Book Review: Stories Of Tax Evasion And Hedge Fund Fraud By An IRS Insider
New York (HedgeCo.net) – Tax evasion and fraud do not discriminate and can be perpetrated by anyone – from middle-class Americans to high profile celebrities starting with Al Capone, Willie Nelson, and continuing more recently with Wesley Snipes. Bruce Bronstein […]
UCITS Hedge Funds Down -0.70% in May 2012
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy Index continues its downward trend with a setback of -0.70% in May 2012 after its drop of -0.36% and -0.34% in April and March respectively. The largest part of the May loss […]