Category Archives: HedgeCo News
Wellcap Hedge Fund Founder Alan Schram Found Dead
New York (HedgeCo.net) – The manager and founder of Los Angeles-based hedge fund Wellcap Partners and regular SeekingAlpha and Huffington Post contributor has reportedly committed suicide by gunshot to the head, according to Business Insider. Alan Schram killed himself the day after “Real Housewives” husband Russell […]
Tennenbaum Capital Partners Announces Final Close On $530 Million Hedge Fund
New York (HedgeCo.net) – Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. With capital commitments of $530 million from new and existing limited partners, the fund […]
Update: Cayman Hedge Fund Directors Fined For Neglect
New York (HedgeCo.net) – The Court of the Cayman Islands has found two hedge fund directors guilty neglecting their duties, fining them $111 million each. The hedge fund, Weavering Macro Fixed Income Fund, was found to have failed because of the directors’, […]
Hedge Fund Launch: Touchstone Merger Arbitrage Fund
New York (HedgeCo.net) – Touchstone Investments has added to its alternative investment offerings by launching the Touchstone Merger Arbitrage Fund. The Fund will be sub-advised by Boston-based institutional hedge fund advisor Longfellow Investment Management Co., which also serves as sub-advisor […]
Hedge Fund Fraud: $291.8 Million Guilty Plea
New York (HedgeCo.net) – The manager of the now defunct Chicago hedge fund, Lake Shore Asset Management, has pleaded guilty to a fraud scheme, Reuters reported today. “Baker from 2002 to September 2007 obtained the $291.9 million from about 900 […]
EurekaHedge: Hedge funds outperformed global markets by 3.03%
New York (HedgeCo.net) – August’s edition of The Eurekahedge Report takes an in-depth look at the global hedge funds sector, with analysis of the industry’s performance so far in 2011, comparisons to previous years and an examination into where it […]
HedgeServ Expands, Opens London Office
New York (HedgeCo.net) – $115 billion NY hedge fund administrator, HedgeServ, has expanded its international platform with the opening of its office in London yesterday. Former vice president at the Bank of New York Mellon Alternative Investment Services Tim Jones […]
Insider Trading Hedge Fund Lawyer Gets 3 Years
New York (HedgeCo.net) – Jason Goldfarb has been sentenced to three years in prison for passing information to a stock trader about mergers and acquisitions in exchange for $32,500 in cash bribes, Reuters reports. Goldfarb pleaded guilty on Friday to […]