Category Archives: HedgeCo News
The Hedge Fund Association to Hold Latin American Event at New York’s Pierre Hotel
New York (HedgeCo.net) – The Hedge Fund Association (HFA) is launching its new Latin American Chapter at the Pierre Hotel in New York City (2 East 61st Street at Fifth Avenue) on October 6th, 2011 at 5 p.m. RSVP The […]
DoubleLine Launches Low Duration Hedge Fund
New York (HedgeCo.net) – Los Angeles based hedge fund manager, the DoubleLine Funds Trust, has launched the DoubleLine Low Duration Bond Fund with two “no load” share classes: I shares and N shares. “The new open-ended fund invests principally in […]
Hedge Fund Launches: ConvergEx Group’s NorthPoint Alternative Mutual Fund Division
New York (HedgeCo.net) -ConvergEx Group, a leading technology company, announced that NorthPoint, its prime services business, has launched a new division dedicated to the formation, performance and management of alternative mutual funds. The new Alternative Mutual Fund Services division will […]
Hedge Fund Securities Firm Wins $1.46 Arbitration Award Against WFG
New York (HedgeCo.net) – Hedge fund services company Esposito Securities won a $1.46 million FINRA arbitration award against $6.5 billion Dallas-based financial services firm WFG Investments, Inc. “We are very happy that the FINRA arbitration process was confirmed by the […]
Survey: Hedge Funds Spend $2 Billion On IT
New York (HedgeCo.net) – Citi Prime Finance has released the new survey results on how much hedge funds’ are spending on IT. The survey documents for the first time both the industry’s aggregate expenditure on IT and the average expenditure […]
San Francisco Hedge Fund Team Accused of Providing SEC With Phoney Paperwork
New York (HedgeCo.net) – The SEC has charged San Francisco-area hedge fund adviser Kurt Hovan with fraud for lying to clients about brokerage commission rebates and producing phony documents to cover up the fraud during an SEC examination. “The SEC’s […]
Hedge Fund Clients Redeem $2.6 Billion From Man
New York (HedgeCo.net) – Hedge fund giant Man Group said its assets fell by $6 billion as shares dropped nearly 22% yesterday after investors pulled $2.6 billion from its funds. Man said it expects headline pre-tax profits to have fallen from $227 million […]
Hedge Fund Mergers And Acquisitions: Carlyle Group Acquires ITRS Group
New York (HedgeCo.net) – $153 billion hedge fund manager the Carlyle Group has acquired the financial monitoring systems group ITRS. “We are very excited about the prospect of working with Carlyle to support Kevin and his management team in growing the […]
ALTSO’s Annual Hedge Fund Charity Rocktoberfest
New York (HedgeCo.net) – The Eighth Annual Hedge Fund Rocktoberfest, the cornerstone fundraiser for children’s charity A Leg To Stand On (“ALTSO”), is taking place on Thursday, October 13 at 583 Park Avenue in New York City. Hedge fund managers […]
UCITS Hedge Fund Strategy Index Awards 2011
New York (HedgeCo.net) – After having launched the first index series to track UCITS funds applying hedge fund strategies back at the beginning of 2010, Swiss 2n20.com presented the UCITS HFS Index Awards for the first time. The awards were […]