Category Archives: HedgeCo News
Hedge Fund Acquisitions: Magnetar Buys Metallurgical and Steam Coal Company
New York (HedgeCo.net) – $7.5 billion hedge fund investor Magnetar Capital announced that Lightfoot Capital Partners, LP has entered into a definitive agreement to sell its interests in International Resource Partners LP, a metallurgical and steam coal company, to James […]
Hedge Fund Industry Donates Close to $2 million at NY Gala
New York (HedgeCo.net) – Hedge Funds Care announced that hedge fund industry participants donated nearly $2 million at the charity’s 13th Annual Hedge Funds Care New York Open Your Heart to the Children Benefit. The gala, which drew together approximately […]
NY Knicks: Hedge Fund vs. Private Equity All-Star Game
New York (HedgeCo.net) – Over 100 leaders from the Wall Street community are planning to join New York Knicks legends, corporate sponsors, and high school students for an exciting charity basketball tournament hosted by Youth, I.N.C. (Improving Nonprofits for Children). […]
UCITS Index gains +0.40% in February
New York (HedgeCo.net) – After the loss taken in January the UCITS Hedge Fund Strategy Index reported positive numbers again for February 2011. This was due to a very strong start into the month, as after the first week of trading […]
Credit Suisse: Hedge Funds Up in February
New York (HedgeCo.net) – Returns for the Credit Suisse LAB Liquid Indices suggest that hedge funds experienced positive performance in February according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “The Credit Suisse Liquid Alternative […]
Former Goldman Director Charged In Galleon Case
New York (HedgeCo.net) – Former Goldman Sachs director Rajat Gupta has been charged with allegedly tipping hedge fund manager Raj Rajaratnam off to insider information in the giant SEC vs. Galleon case. Gupta is alleged to have told Rajaratnam of a $5 billion investment […]
“Side Pocket” Investments Prove Costly For California Hedge Fund Manager
New York (HedgeCo.net) – The SEC has charged a well known Bay Area hedge fund manager and philanthropist with concealing more than $12 million in investment proceeds that he owed investors in his fund. Lawrence Goldfarb agreed to pay more than […]
Moonlighting Hedge Fund Managers Charged With $30 Million Fraud
New York (HedgeCo.net) – The SEC has brought charges against four hedge fund managers who are accused of trading insider information they obtained while moonlighting as network consultants, Risk.net reports. “Samir Barai, Jason Pflaum, Noah Freeman and Donald Longeuil will be added […]
Hedge Fund Survey: Brokers to Spend $206 Million in 2011 on New Surveillance Programs
New York (HedgeCo.net) – With the financial services industry being overhauled under Dodd-Frank and MiFID II, new research from TABB Group estimates that regulatory changes will lead hedge funds across the US and Europe to spend $206 million in 2011 […]
Hedge Fund Wiretap Evidence To be Used In Galleon Case
New York (HedgeCo.net) – Federal judge Judge Richard Holwell ordered that hedge fund founder Raj Rajaratnam has to hand over the taped evidence to be used against him at the March 8 trial, Reuters reported today. The hedge fund founder was given […]