Category Archives: HedgeCo News

Former Hedge Fund Founder Opens Six New Citibank Branches in Hong Kong

New York – (HedgeCo.net) – The founder of hedge fund Old Lane Management, Vikram Pandit, who is currently Chief Executive Officer of Citigroup, officiated the opening of six full-service retail branches in Hong Kong, including one brand new branch located […]

People Moves: Credit Suisse Appoints Dan Draper Head of Exchange Traded Funds

New York (HedgeCo.net) – Credit Suisse today announced that Dan Draper, formerly a Managing Director and Global Head of Exchange Traded Funds (ETFs) at Lyxor Asset Management, will join Credit Suisse in its Asset Management business as Managing Director and […]

UPDATE:London Nominees Ltd. Launch Football Fund

New York (HedgeCo.net) – The London Nominees Football Fund launched on Feb 1, 2010, with approximately $40 million in assets under management. The investment panel includes ex international players, coaches and leading industry experts offering investment in clubs, players, related […]

“Octopussy” Pleads Not Guilty To Hedge Fund Insider Trading, 6 Others

New York (HedgeCo.net) – Seven hedge fund traders and lawyers pleaded not guilty to securities fraud charges in the USA v. Goffer et al. case, according to Reuters. Zvi Goffer, dubbed “Octopussy”, appeared before Manhattan federal court Judge Richard Sullivan […]

The Top Ten Hedge Fund Launches Of 2009

New York (HedgeCo.net) – Assets raised by hedge fund startups in 2009 fell 36% from the previous year, marking the second year in a row that new fund assets declined significantly, according to the biannual AR New Funds Survey, published […]

UPDATE: Fund Pros Launch LGBT Capital

New York (HedgeCo.net) – Galileo Capital Management has launched LGBT Capital, a specialist Corporate Advisory and Investment Management Unit focused on the lesbian, gay, bisexual and transgender (LGBT) consumer market. LGBT Capital provides corporate advisory and business development services for […]

Hedge Funds Care 12th Annual New York Benefit

New York (HedgeCo.net) Hedge Funds Care is holding its 12th Annual New York “Open Your Heart to the Children” benefit on Thursday, February 25, 2010 at Cipriani 42nd Street. A committee will award Michael E. Novogratz, President of Fortress Investment […]

Silk Road Awarded Hedge Fund “Oscar”

New York (HedgeCo.net) – Silk Invest’s Luxembourg SICAV hedge fund, the Silk Road Income Fund, has been awarded the 2009 ‘Golden Bull’ prize for innovation at the ‘Finanzen Nacht’ ceremony in Munich. Hailed by the German press as the “Oscar […]

Two Hedge Funds Charged Under SEC Rule Prohibiting Short-Selling

In one case this week, the SEC charged Los Angeles-based AGB Partners LLC and its principals Gregory A. Bied of Boise, Idaho, and Andrew J. Goldberger of Santa Monica, Calif., finding that they netted thousands of dollars in improper profits […]

Hedge Fund Manager Salus Alpha Launches UCITS III Commodity Arbitrage Fund

New York (HedgeCo.net) – UCITS III hedge fund manager Salus Alpha has launched a new Commodity Arbitrage fund which the company believes is an innovation both in the UCITS III and in the hedge fund world. The investment approach of […]

Hedge Funds & Investors Rate Global Brokers

New York (HedgeCo.net) – A newly released survey of 176 leading investment managers, private banks and hedge funds by McLagan, a compensation consulting, productivity and performance benchmarking firm, showed that broker performance has risen  in many areas this year, particularly […]

Galleon Hedge Fund Fraud Case Claims 8th Guilty Plea

New York (HedgeCo.net) – The Galleon hedge fund insider trading case yesterday saw its eighth guilty plea in Mark Kurland, a onetime colleague of Danielle Chiesi at New Castle Funds LLC, Reuters reports. The SEC alleges that Kurland, Chiesi and […]