Category Archives: HedgeCo News
Eurekahedge: December 2011 Hedge Fund Report
New York (HedgeCo.net) – U.S. hedge funds posted an average return of -0.87% in November, outperforming global equity markets by 2.35% as managers focused on capital preservation strategies, according to Eurekahedge. The MSCI World Index fell by as much as 10% […]
Falcon E&P Opportunity Fund Closes Above $163 Million
Falcon E&P Opportunities GP, LLC (“Falcon”), a company specializing in direct onshore oil and gas investments, today announced that its Falcon E&P Opportunities, Fund, L.P. had a final close with $163.2 million in capital commitments. Falcon is a joint venture between PetroCap […]
New Jersey “Hedge Fund Managers” Charged With $3.5 Million Fraud
New York (HedgeCo.net) – Two men claiming to run New Jersey-based hedge funds using a secret algorithm to invest in foreign currency have been charged for allegedly defrauding victims out of more than $3.5 million and spending the investments on […]
Survey: Cayman Named #1 Hedge Fund Domicile
New York (HedgeCo.net) – The Cayman Islands was named the most favoured domicile in Hedge Funds Review’s Service Providers Rankings, a survey completed by more than 1,000 hedge funds, funds of hedge funds, and investors. Conducted between 4 October and […]
Three Senior Hedge Fund Execs Laid Off By J.P. Morgan
New York (HedgeCo.net) – AR Magazine reports that J.P. Morgan’s hedge fund, Highbridge Capital Management, has laid off three senior execs, including two portfolio managers, as its long/short fund continues to struggle. The dismissals were confirmed by two people familiar […]
Ogier Named ‘Best Offshore Law Firm’ At Hedge Fund Review Awards
New York (HedgeCo.net) – Hedge fund law firm Ogier Group was named “Best Offshore Law Firm” under the inaugural 2011 service provider rankings of Hedge Funds Review. The distinction was announced at a special event held in London on 12 […]
People Moves: Thomas Strauss and Jeffrey Solomon Appointed to Board
New York (hedgCo.net) – Hedge fund firm Cowen Group, Inc. announced that its Board of Directors has appointed Thomas W. Strauss and Jeffrey M. Solomon to serve as members of the Company’s Board, effective immediately. Strauss is the President and […]
GlobeOp: Hedge Funds Close 2011 On A Positive Note
New York (HedgeCo.net) – Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 1.55% in December. “December closes the year on a positive note with net inflows of 1.55 percent, driven primarily by healthy subscriptions,” said Hans Hufschmid, chief executive […]
Hedge Fund Tech: AIRAS And The SEC’s New API
New York (HedgeCo.net) – Axiom Valuation has released a new platform for hedge funds to avoid the SEC’s new screening tool, Aberrational Performance Inquiry (API), which identifies possible fraudulent valuations and misreported returns by hedge fund managers reporting above benchmark […]
Hedge Fund People Moves: William Kelly Joins Paladyne
New York (HedgeCo.net) – Former GlobeOp Head of Sales, William Kelly, has joined Paladyne Systems as Global Head of Sales. The addition of Kelly is a strategic move to leverage the size, scale, and synergies that Broadridge brings to Paladyne […]
Hedge Fund Index Down 0.95% in November
New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index reported a drop of 0.95% in November as a majority of component strategies declined. The Dow Jones Credit Suisse Core Hedge Fund Index provides the benefit of daily […]