Category Archives: HedgeCo News
UPDATE: SEC Approves Registered Third Party Marketers Doing Business With Public Pension Funds
Donald A. Steinbrugge – Last week the SEC officially changed its position, voting to adopt new rules concerning public. pension funds pay-to-play practices. The new rules permit managers to pay third party marketers that are registered as investment advisers or […]
Pillsbury Law: SEC Adopts New Measures to Curtail Pay to Play Practices by Hedge Fund Advisers
New York (HedgeCo.net) – The Securities and Exchange Commission (the “SEC”) today voted unanimously to approve new rules to significantly curtail the influence of “pay to play” practices by investment advisers. Pay to play is the practice of making campaign […]
SkyBridge Completes Acquisition of Citi’s FoHFs, Hedge Fund Seeding and Advisory Businesses
New York (HedgeCo.net) – $7.4 billion global alternative investment firm, SkyBridge Capital (SkyBridge) has completed its acquisition of the fund of hedge funds, hedge fund seeding and hedge fund advisory businesses from Citi Alternative Investments LLC (CAI). The hedge fund […]
Hedge Fund Trader Banned For Manipulating Stock Prices
New York (HedgeCo.net) – Financial Industry Regulatory Authority (FINRA) has permanently barred a former Deutsche Bank broker from the securities industry for manipulating the price of Monogram Biosciences (MGRM) stock in an effort to enrich a hedge fund client, himself […]
People Moves: Ross Ciesla Joins UK Hedge Fund Manager Veritas
People Moves – UK hedge fund manager Veritas Asset Management (Veritas) has appoionted Ross Ciesla as Senior Private Client Director of its private client business. Ross will start at Veritas towards the end of the year. Ross joins Veritas from […]
People Moves: Convertible Securities And Hedge Fund Specialist Joins Cowen Group
New York (HedgeCo.net) – Hedge fund manager alternative investment specialist Cowen Group, Inc. has hired Thomas O’Mara as Head of Equity Derivatives and Convertibles. O’Mara will be primarily responsible for expanding the firm’s equity derivative capabilities and building out a […]
Compliance Officer At Hedge Fund Charged With Fraud
New York (HedgeCo.net) – The former Chief Compliance officer of an Idaho hedge fund has been charged with fraud for misappropriating $650,000 in investor funds, the SEC said in a release today. The SEC alleges that between 2007 and 2009 […]
Study: Lending and Leverage – The New Securities Finance Model for Hedge Funds
New York (HedgeCo.net) – A new independent study by Pershing LLC, “Lending and Leverage: The New Securities Finance Model for Hedge Funds,” examines the changing business model of securities financing for hedge funds in 2010. “The major challenge for hedge […]
Galleon Trial: Hedge Fund Founder Asks For Details of Charges
New York (HedgeCo.net) – Reuters reports that Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi are asking more details of the purportedly illegal trades they are charged with, as well as separate trials. Rajaratnam and Chiesi are alleged […]
People Moves: Dr. Barbera Joins Mount Lucas Hedge Fund
New York (HedgeCo.net) – Wall Street economist Dr. Robert J. Barbera has joined global macro investment manager, Mount Lucas Management Corporation, as Chief Economist. Dr. Barbera is accompanied by his long-time associate, Jackie Kadre, who has been named Economist at […]
London Hedge Fund Trader Fined Over 400K
New York (HedgeCo.net) – The hedge fund trader who pled guilty of conspiracy to commit insider trading in a London court yesterday has been orderes to pay about 287,000 pounds ($421,000) in fines and restitution, Bloomberg reports. “You cooperated immediately […]