Category Archives: HedgeCo News
Man Launches Multi-Strategy UCITS Hedge Fund
New York (HedgeCo.net) – Man Group plc has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man’s acquisition of GLG Partners, Inc. in 2010, which created the world’s largest independent alternative asset […]
Fortress Wins At 9th Annual Hedge Fund Industry Awards
New York (HedgeCo.net) – Fortress Investment Group LLC was named the Credit-Focused Hedge Fund Firm of the Year by Institutional Investor at the magazine’s 9th Annual Hedge Fund Industry Awards. The awards recognize firms across the hedge fund sector distinguished by […]
Mark Evans Wins Regional Ernst & Young Entrepreneur Of The Year 2011
New York (HedgeCo.net) – Hedge fund administrator Confluence’s Chief Executive Officer and founder, Mark Evans, has received the Ernst & Young Entrepreneur Of The Year 2011 Western Pennsylvania and West Virginia Award in the Technology category. According to Ernst & Young LLP, […]
New Yorker Review: Preet Bharara on the Galleon Hedge Fund Trial
New York (HedgeCo.net) – The June 27, 2011, issue of The New Yorker, on page 42, “A Dirty Business”, George Packer, writes about the biggest insider-trading case in history, and has an exclusive interview with Preet Bharara, the United States Attorney for the […]
Raj Rajaratnam Denied Retrial By Supreme Court
New York (HedgeCo.Net) – The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in […]
People Moves: Man Hires Three US Hedge Fund Specialists
New York (HedgeCo.net) – Hedge fund giant Man Group has appointed Lance Donenbergand Jordan Allen as Co-Chief Operating officers of Man’s US business. Donenberg and Allen report directly to Emmanuel Roman, Chief Operating Officer of Man Group. “Expanding our US business is a […]
Hedge Fund Mergers and Acquisitions: Vector, RAE, CITC, ING, Capital One
New York (HedgeCo.net) – Vector Capital, a global private equity firm specializing in the technology sector, has completed its acquisition of RAE Systems, Inc. a transaction valued at approximately $138 million. In connection with the transaction, Vector partnered with $2.2 […]
Single-Family Offices Planning to Increase Hedge Fund Allocations
New York (HedgeCo.net) – The Rothstein Kass Family Office Group, a division of global professional services firm Rothstein Kass, has published an extensive study of the evolving relationship between the single-family office (SFO) and investment management sectors. “Raising Capital from […]
Washington Hedge Fund Pegasus Settles With SEC
New York (HedgeCo.net) – Washington-based hedge fund manager Pegasus Investment Management LLC (PIM) has agreed to pay a total of $165,000 to settle a SEC charge of failing to disclose to fund investors its receipt of cash payments from a third party. […]
People Moves: David Katz Joins Hedge Fund Seeder Larch Lane
New York (HedgeCo.net) – Larch Lane Advisors LLC has appointed David Katz as President and Chief Operating Officer. The addition of Katz to the Larch Lane team underscores the firm’s long-term commitment to providing advisory services focused on early stage […]
Hedge Fund Mergers: The Carlyle Group to Purchase 55% Stake in Emerging Sovereign Group
New York (HedgeCo.net) – $106.7 billion global hedge fund manager The Carlyle Group has agreed to purchase a 55% stake in $1.6 billion Emerging Sovereign Group (ESG), a New York-based emerging markets equities and macroeconomic strategies investment manager, in exchange for […]