Category Archives: HedgeCo News

Ponta Negra Hedge Fund Manager Pleads Guilty

New York (HedgeCo.net) – Former Stamford hedge fund manager, Francesco Rusciano. waived his right to indictment and pleaded guilty today before US  Judge Ellen Bree Burns in New Haven to one count of wire fraud. According to court documents and […]

The Half Moon REO Hedge Fund Launch

New York (HedgeCo.net) – New York-based real estate hedge fund The Half Moon group has launched The Half Moon REO Fund, LP. The new fund focuses on financing a strategic network of joint venture partners who are experts in the […]

Long/Short Equity Hedge Funds Finish 2009 with Double-Digit Returns

New York (Hedgeco.net) – Based on December performance for the Credit Suisse Long/Short Equity Liquid Index (“LAB Long/Short Equity Liquid Index”), Long/Short Equity funds ended the year on a high note as managers took advantage of increased equity market opportunities […]

US Fed Doubles Rajaratnam Hedge Fund Allegations

New York (HedgeCo.net) – U.S. prosecutors yesterday filed papers saying Raj Rajaratnam’s profits in the alleged Galleon hedge fund scheme are higher than previously thought. Federal prosecutors doubled the sum to $36 million from the previous allegations of $17 million […]

Macquarie Funds Group Grows Global Fund-Linked Derivatives Business

New York (HedgeCo.net) – Macquarie Funds Group, the asset management arm of Macquarie Group, announced the appointment of Pratap Dasgupta as a Managing Director in its fund-linked derivatives business, based in New York. The hiring of Mr. Dasgupta follows the […]

Trends in Hedge Fund Capital Raising for 2010

New York (HedgeCo.net) – Several dominant trends regarding capital flows into the hedge fund arena were identified through conversations with more than 200 hedge fund organizations and 1000 institutional investors during 2009, according to Agecroft Partners. These hedge fund trends […]

People Moves: Diamond Notch Fund Manager to Join WindTamer Board

New York (HedgeCo-net) – Wind turbine technology company WindTamer Corporation has elected hedge fund investment advisor Steven DiNunzio as an independent member of the Company’s Board of Directors. DiNunzio is currently CFO of Diamond Notch Asset Management, LLC, a multi-strategy […]

Geneva Hedge Fund Outperforms Swiss Equity Market

New York (HedgeCo.net) – The DM Swiss Equity Asymmetric Fund completed it’s 2nd successful year of operation at the end of November 2009. The hedge fund outperformed the Swiss Equity market by more than 17% p.a. during that time. Managed […]

Marshall Wace To Spend Over $87 Million On Hedge Fund Bonuses

New York (HedgeCo.net) – The hedge fund manager of Eureka Fund, Europe’s largest telecom, media and technology sector hedge fund is set to pay out £54.8 million ($87.6 million) in bonuses, according to UK newspaper The Daily Mail. The hedge […]

Rajaratnam and Chiesi Plead Not Guilty In Hedge Fund Fraud Case

New York (HedgeCo.net) –  Hedge fund manager Raj Rajaratnam and executive at New Castle Funds LLC. Danielle Chiesi appeared in Manhattan federal court to plead not guilty to insider trading,  conspiracy and securities fraud. The indictment includes 17 counts of […]

UK to Look Into Russia Hedge Fund Corruption Claims

New York (HedgeCo.net) – Commenting on the death of hedge fund Hermitage Capital’s anti-corruption lawyer Sergey Magnitskiy,  the U.K. Prime Minister said he was “Deeply concerned to hear of the death,” and, “I welcome the Russian undertaking that there will […]

Khan’s Plea Accepted At Hedge Fund Billionaire Raj Rajaratnam’s Trial

New York (HedgeCo.net) – Hedge fund consultant Roomy Khan made her first public appearance a Manhattan court yesterday, according to Bloomberg. In October of this year, Khan pleaded guilty to a criminal information charging her with conspiracy to commit securities […]