Category Archives: HedgeCo News
Hedge Funds To Fluctuate Further In 2011
New York (HedgeCo.net) – Prices on the hedge fund secondary market remain volatile, according to the latest data from Hedgebay, a hedge fund market data provider. October’s high of 81% was the third time in a row the index had risen, […]
Oklahoma Hedge Fund Manager Sentenced To 10 Years
New York (HedgeCo.net) Former hedge fund manager, Mark S. Trimble, of Edmond, Oklahoma, was sentenced to serve 10 years in federal prison for money laundering. Trimble, 44, pleaded guilty in April to money laundering. Trimble’s hedge fund, Phidippides Capital Management, […]
SEC Charges SF Pegasus Hedge Fund Advisers With Fraud
New York (HedgeCo.net) -The SEC has charged two San Francisco-based hedge fund adviser firms along with their former CEO, former general counsel, and former portfolio manager with defrauding investors in a $100 million hedge fund that invested in subprime automobile […]
AppleGate: Hedge Funds Were Leaked iPad Secrets
New York (HedgeCo.net) – One of the five research executives arrested by the FBI last week, Walter Shimoon, from Flextronics International, is alleged to have profited illegally from Apple Inc. technology he was privy to, according to a criminal complaint. Shimoon […]
Former Hedge Fund Manager Gets Six Years Behind Bars
New York (HedgeCo.net) – A hedge fund manage formerly of Jefferies Group Inc has been sentenced to six years after being convicted of fraud in October, according to a Reuters report. “If it feels like those in the game are conducting insider […]
Two Arrested In $20 Million Hedge Fund Fraud Scheme
New York (HedgeCo.net) – New York Federal prosecutors have charged two more hedge fund hedge fund managers with fraud, according to Courthouse News Services. The 4-count indictment says that two New Jersey hedge fund managers, William Shternfeld and Benjamin Koifman, […]
EurekaHedge: Hedge Funds Post Positive Returns Of 0.40%
New York (HedgeCo.net) – All regional mandates ended the month with flat to positive returns as the Eurekahedge Hedge Funds Index witnessed a fifth consecutive month of back-to-back positive returns. The Eurekahedge Hedge Fund Index is up 7.72% November YTD, […]
Five Arrested In Hedge Fund Insider Trading Probe
New York (HedgeCo.net) – Five research executives have been arrested by the FBI, James Fleishman, from Primary Global Research, Mark A. Longoria, from Advanced Micro Devices, Walter Shimoon, from Flextronics International, and Manosha Karunatilaka from Taiwan Semiconductor Manufacturing. The Washington […]
UCITS Hedge Fund Strategy Index up +0.11% month to date
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index lost -0.06% in the second week of trading in December and is up +0.11% month to date (by business day 10, December 14th, 2010). Although seven sub-strategies were negative in […]
Pastor Gets 54 Years For “Hedge Fund” Scam
New York (HedgeCo.net) – Indiana Judge Deana Martin sentenced Vaughn A. Reeves, Sr. to 54 years in prison for his role in a massive affinity fraud investment scheme that raised more than $120 million from investors in church bonds. The […]
People Moves: Legg Mason Appoints Hedge Fund Specialist Peter Nachtwey as Chief Financial Officer
New York (HedgeCo.net) – $668 billion hedge fund management firm Legg Mason Inc., has appointed Peter “Pete” H. Nachtwey as Chief Financial Officer and a member of its Executive Committee. He will report to Mark R. Fetting, Chairman and Chief Executive Officer. He joins the firm […]