Category Archives: HedgeCo News
Judge Sentences Hedge Fund Founder To 11 Years
New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam has been sentenced to 11 years in prison on Thursday by Manhattan Judge Richard J. Holwell. The judge also imposed a $10 million fine and ordered a forfeiture of $53.8 million. Since his October 2009 […]
Fugees Singer To Play Hedge Fund Charity Event
New York (Hedgeco.net) – Grammy winning Haitian-American rapper, actor, film producer and activist, and a member of hip hop trio The Fugees, Prakazrel Samuel Michel, better known as Pras, will perform at children’s charity A Leg To Stand On’s annual fundraiser, […]
$6.1 Billion In August Hedge Fund Inflows
New York (HedgeCo.net) – BarclayHedge and TrimTabs Investment Research reports that hedge funds saw an inflow of $6.1bn in August, for the first eight months in 2011, hedge funds saw a heavy $51bn inflow. “Recent inflows might owe in part to […]
Will Hedge Fund Insider Get a 24-Year Sentence?
New York (HedgeCo.net) – It’s a busy week for sentencings stemming from the Galleon Group insider trading scheme, according to Artur Davis, a White Collar and Government Investigations expert. Yesterday, Emanuel Goffer, convicted alongside his brother Zviand another trader for their role, was sentenced to […]
Hedge Fund People: Brenda Mauro Joins Trident Fund Services
New York (HedgeCo.net) – Trident Fund Services has appointed Brenda Mauro as Head of North American Business Development. Ms. Mauro will support the expansion of the Trident Fund Services business in the U.S. and abroad. Mauro’s broad experience includes helping […]
Survey: Hedge Fund Employees Believe The Dodd-Frank Act May Impact Bonuses
New York (HedgeCo.net) – More than six in 10 (62%) of financial markets professionals surveyed by eFinancialCareers.com expect their bonus this year will be higher or the same in comparison to the bonus they earned in 2010. The Dodd-Frank Act continues […]
Hedge Fund Launch: The Man Long-Short Fund
New York (HedgeCo.net) – Hedge fund provider with $65 billion in assets under mamagement, Man Group plc, has launched a new long/short equity fund of hedge funds (FoHF). “Equity investing has evolved since the 1970s from mutual funds, to style box […]
Hennessee Research: Hedge Funds Down –3.78% in September
New York (HedgeCo.net) – The Hennessee September Hedge Fund Index declined –3.78% (-5.53% YTD), while the S&P 500 declined -7.18% (-10.04% YTD), the Dow Jones Industrial Average decreased -6.03% (-5.74% YTD), and the NASDAQ Composite Index fell -6.36% (-8.96% YTD). […]
UCITS Alternative Index Global is down in September -1.33%
New York (HedgeCo.net) – The UCITS Alternative Index Global is down in September (-1.33%), bringing its year to date performance to -3.85%. The Fund of Funds Index is down -0.84% reaching -4.08% this year. In September, all strategies are down. […]
New BNY Hedge Fund Whitepaper: ‘Filling the Void: Transparency and the Rise of Custodian Banks.’
New York (HedgeCo.net) – In a new opinion piece, BNY Mellon CEO of Alternative and Broker-Dealer Services Brian Ruane argues that recent industry and economic events will see custody banks continue to play a larger role providing services to hedge […]
Hedge Fund Attorney Chris Vernon Wins Florida Award
New York (HedgeCo.net) – Chris Vernon, of the Naples based law firm Vernon Healy that represents clients facing financial litigation and arbitration, was named this week as Best Lawyers’ 2012 Bet-the-Company Litigation Lawyer of the Year for the Naples and […]