Category Archives: HedgeCo News
Stanford Found Guilty Of $7B Ponzi Scheme
Texas financier R. Allen Stanford was convicted on Tuesday on 13 of 14 counts of fraud in connection with a $7 billion Ponzi scheme. Three years had elapsed between Stanford’s being accused of the hedge fund fraud—which involved 30,000 investors […]
Hedge funds mum about ETF use
Hedge fund managers are the third-biggest institutional users of exchange-traded funds and exchange-traded products, but they’re reluctant to talk about it. That’s because pension fund, endowment and foundation clients won’t be happy if the hedge fund managers they are hiring […]
Asia Hedge Fund Startups Falter as Big Backers Pull Cash
Bloomberg: Asia-focused hedge funds that were started with the help of a major backer after the 2008 credit crisis are shutting down as a shrinking pool of key investors makes it harder for them to raise capital. Isometric Investment Advisors […]
Philanthropy: Private Equity vs. Hedge Fund Basketball Tournament
New York (HedgeCo.net) – Over 150 executives from the Wall Street community will join New York Knicks legends, corporate sponsors, and high school students for a charity basketball tournament hosted by Youth, I.N.C. (Improving Nonprofits for Children) Wednesday, March 7th; […]
Eurekahedge Launches New Insurance Linked Hedge Fund Index
New York (HedgeCo.net) – Eurekahedge has launched a new hedge fund index, the ‘Eurekahedge ILS Advisers Index’, focusing on insurance linked securities in partnership with ILS Advisers. Increasing amounts of government intervention in worldwide financial markets has created an unprecedented correlation […]
Two Hedge Fund Managers Sentenced to a Combined 17 Years Behind Bars
New York (HedgeCo.net) – Utah-based hedge fund managers Thomas Repke and James Jeffery were sentenced today to federal prison on charges of conspiracy to commit wire and mail fraud. The pair were principals of hedge fund operator known as Coadum Capital […]
MerchantCantos Interviews Man Group’s Senior Hedge Fund Executives
New York (HedgeCo.net) – Man Group has reported booking $16.7 billion of product sales for the nine months ended 31 Dec 2011. A spike in hedge fund redemptions in September led to modest net inflows in alternatives and an outflow in […]
Deutsche Bank Hedge Fund Survey Predicts Growth And Increased Institutional Participation
New York (HedgeCo.net) – Deutsche Bank’s tenth annual Alternative Investment Survey, which was conducted in December 2011 by the Bank’s Global Prime Finance business, predicts increased institutional participation in driving growth as hedge funds become an established and formidable part of […]
Why CitiGroup Hid Its Hedge Fund Numbers
New York (HedgeCo.net) – This coming April issue of Bloomberg Markets magazine reports that four of Citi’s seven biggest hedge funds have underperformed their indexes since they started, according to investors. Five of the seven lost money in 2011. The […]