Category Archives: HedgeCo News
New Residency Ruling Creates Uncertainty For Taxpayers
New York (HedgeCo.net) – A recent decision issued by the New York Tax Appeals Tribunal which further expands the definition of “permanent place of abode” (PPA) opens the door to increased taxation for out-of-staters who own a second home in […]
Hedge Fund Launches Emergency Rapid Response Team
New York (HedgeCo.net) – Billionaire hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, is to invest in next generation satellite communications technology directed at public safety, “Push-to-Talk.” In addition, LightSquared has formed its own Emergency Rapid Response Team […]
Hedge Fund Launch: Global Managed Futures Fund by everTrend
New York (HedgeCo.net) – Robert Robbins, former manager of the long/short hedge fund Robbins Capital, has launched a new venture: everTrend Global, a macro managed futures fund with $2 million in assets. everTrend Global is a trend-following fund, designed to […]
Update: Hedge Fund Law Firms Cole-Frieman & Mallon P.C. Announce Merger
New York (HedgeCo.net) – Two hedge fund law firms, Cole-Frieman LLP and Mallon P.C., have teamed up to create Cole-Frieman & Mallon LLP., the 3rd largest hedge fund practice based in San Francisco. The combined firm has over 200 hedge fund industry […]
James Kelly Joins Citi as Pensions Specialist in Hedge Fund Capital Introductions
New York (HedgeCo.net) – James Kelly has joined Citi’s Prime Finance Group, expanding Prime Finance’s capital introductions capabilities for its hedge fund client base. Kelly joins Citi as Director and Pensions Specialist within Prime Finance’s Capital Introductions Group. “As more […]
Hedge Fund AQR To Use Game Theory To Exploit Market Inefficiencies
New York (HedgeCo.net) – $41 billion Connecticut hedge fund manager AQR Capital Management has launched a reinsurance group to develop investment strategies that have low correlation with traditional markets and hedge funds. The group will be run by David G. Kabiller […]
Jail Time: 7 Hedge Fund Convictions Over The Weekend
New York (HedgeCo.net) – Over the weekend there were hedge fund fraud related convictions in the US, Australia and Germany. All were sentenced to serious jail time. US: Five employees for hedge fund manager A&O Resource Management Ltd were sentenced for their part in a […]
People Moves: Thomas Gandolfo Promoted to Hedge Fund Chief Risk Officer
New York (HedgeCo.net) – New York hedge fund firm, Third Avenue Management, has appointed Thomas Gandolfo to serve as the firm’s Chief Risk Officer. Gandolfo, who is a member of Third Avenue’s investment team and Risk Management Committee, will assume […]
2011 H1 Hedge Fund Industry Review
New York (HedgeCo.net) – The Dow Jones Credit Suisse Hedge Fund Index team has released its 2011 H1 Hedge Fund Industry Review. The report examines the drivers of hedge fund performance and asset growth in the first half of 2011. […]
UCITS Hedge Fund Index: Long/Short Equity and Event-Driven Strategies Weak
New York (HedgeCo.net) – The UCITS Alternative Index Blue Chip is down -0.17% this week, due mainly to a weak performance of Long/Short Equity and Event-Driven strategies, respectively down -0.81% and -1.30%. The best strategies this week are Commodities and […]