Category Archives: HedgeCo News

FINRA Fines Mini-Prime for Soft Dollar Practices

November 26, 2009 : Permalink

New York (HedgeCo.net) – The Financial Industry Regulatory Authority, which oversees broker-dealers, sanctioned and fined Terra Nova Financial, a mini-prime broker, and some of its employees for making improper soft dollar payments on behalf of hedge fund managers. FINRA found […]

Rajaratnam Says Government Case Against His Hedge Fund Is Unconstitutional

November 25, 2009 : Permalink

New York (HedgeCo.net) – The billionaire hedge fund manager is arguing that authorities violated his constitutional rights by taping telephone conversations between Rajaratnam and his clients, the Wall Street Journal reports. Hedge fund managers and stock traders have been closely […]

Jun Mihara Announces Launch of Asian Distressed Debt Hedge Fund

November 24, 2009 : Permalink

West Palm Beach (HedgeCo.net) Former Merrill Lynch banker Jun Mihara, 45, has announced plans to launch a fund to invest in Asian distressed debt.  Mihara was hired by Zais Group LLC of Red Bank, NJ last month to serve as its […]

Major Shakeup at Hedge Fund Chieftain Investment Management

November 23, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Several key leaders of investment manager Chieftain Capital Management  will be  parting  ways, according to a story published in the Wall Street Journal.  Personality conflicts appear to strike at the heart of the breakup.  According to […]

Asia Private Equity Hedge Funds To Recieve $200 Million From Texas Retirement Fund

November 23, 2009 : Permalink

New York (HedgeCo.net) – The seventh-largest U.S. public pension fund is reported to be investing $200 million in Asia private equity hedge funds. Bloomberg reported this morning that the Teachers Retirement System of Texas fund has assigned $100 million each […]

Hedge Funds Launching UCTIS Onshore Funds In Europe

November 23, 2009 : Permalink

New York (HedgeCo.net) – According to research from HedgeFund Intelligence, more than half of the Europe’s hedge fund firms have either launched onshore Undertakings on Collective Investment in Transferable Securities, (UCITS) hedge funds or are considering it. Some of Europe’s […]

Hedge Fund Managers Moving into the Mutual Fund Space

November 20, 2009 : Permalink

New York – (HedgeCo.net) – There is a growing trend in the investment management community. Hedge fund managers are crossing over into the traditional money management space of mutual funds. That is exactly what Greg Levinson of Schooner Investment Group […]

Insight into October Hedge Fund Performance

November 20, 2009 : Permalink

New York (HedgeCo.net) – Hedge funds posted a slight gain for the month as market reversals muted performance. The Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) finished up 0.13% for the month, bringing year to date performance to 15.11% through […]

Hedge Funds Benefit From Appreciaton Of Gold/Emerging Markets/Europe

November 19, 2009 : Permalink

New York (HedgeCo.net) – “Hedge funds performed as advertised in October—they hedged,” said Nadia Papagiannis, Morningstar alternative investment strategist. “Though the economy may be recovering, hedge fund managers appear positioned for a reversal.” However, hedge funds in the Morningstar Europe […]

Hedge Fund Lawyer Dies In Russian Prison

November 18, 2009 : Permalink

New York (HedgeCo.net) – Hedge fund Hermitage Capital’s legal adviser, Sergey Magnitskiy, died on Monday night in a detention centre in Moscow, the Guardian reports. The 37 year old father of two was held in Moscow’s Matrosskaya Tishina detention center […]

$200 Billion Cap On Collapse Fund – Barney Frank

November 18, 2009 : Permalink

New York (HedgeCo.net) – The fund which the U.S. House Financial Services Committee is setting up to dismantle large insolvent financial institutions will be limited to $200 billion, MarketWatch reported earlier today. “The cap we have is $200 billion,” House […]

Brevan Howard Hedge Fund Co-Founder To Leave Firm

November 17, 2009 : Permalink

New York (HedgeCo.net) – Jean-Philippe Blochet has left Europe’s biggest hedge fund firm, Brevan Howard, Bloomberg reported today.  “Following his return from sabbatical last year, Jean-Philippe Blochet has decided to cease to be an active member of Brevan Howard Asset […]