Category Archives: HedgeCo News
Hedge Fund Manager Joins Water Reclamation Company
West Palm Beach (HedgeCo.net) – Long time hedge fund manager, Eric D. Pedersen has been appointed to the position of Chief Executive Officer and Chairman of the Board of Directors at fresh water reclamation company, STW Resources, Inc. Pedersen has […]
Connecticut To Raise Accredited Hedge Fund Investor Standard
West Palm Beach (HedgeCo.net) – The Banks Committee of the Connecticut General Assembly voted yesterday to pass a bill that will raise the minimum financial qualifications for hedge fund investors to $2.5 million, and for institutional investors, $5 million. If […]
February Sees Lower Hedge Fund Redemptions
West Palm Beach (HedgeCo.net) – There were fewer redemptions in February 2009,($11 billion) compared to January,($30 billion), according to preliminary reports from Eurekahedge, pointing towards the easing of redemption pressures for hedge funds in the future. The Hedge Fund Index was down […]
UK Pension Fund Takes a Chance on Hedge Funds
New York (HedgeCo.Net) – Although confidence in the hedge fund industry has taken a hit, a large and notable UK pension fund has begun to place their trust into alternative investments. The West Midlands Local Authority Pension Fund, which manages […]
Survey Reports $1.64 Trillion In Hedge Fund Assets
West Palm Beach (HedgeCo.net) – The top 10 hedge fund adminstraators reported $1.64 trillion in hedge fund assets under administration (AuA) in the Q4 2008, according to HFN, with Citco Fund Services, State Street Alternative Investment Solutions and Goldman Sachs […]
Hedge Fund Assets Plunged to $1.8 Trillion in 2008
New York (HedgeCo.Net) – Hedge fund assets, which were once estimated to reach almost $3 trillion, finished the year at around $1.8 trillion, according to research conducted by London-based HedgeFund Intelligence. The report contends the fall in assets happened almost […]
Hedge Fund Manager To Take Investors On Central Asia Investment Tour
West Palm Beach (HedgeCo.net) – Ansher Fund Management is planning an on-site tour of emerging investment opportunities in Uzbekistan and Kazakhstan, two representative markets across the Central Asian region. Beginning in Tashkent, the capital of Uzbekistan and then to Almaty, […]
SEC To Contact Hedge Fund Investors
West Palm Beach (HedgeCo.net) – At the MFA Legal, Compliance and Operations Seminar in New York last week, SEC staff described its examination and enforcement priorities for the foreseeable future with respect to hedge funds and investment advisers. According to […]
Australia Extends Short-Selling Ban, Fears Hedge Funds
New York (HedgeCo.Net) – Australian regulators have extended the ban on short-selling, saying the move was in the “national interest” of the country. As large national banks prepare to release their profits in the wake of more write-downs and rising […]
Texas Hedge Fund Manager Bilks $10.9 Million From 250 Investors
New York (HedgeCo.Net) – Hedge fund manager Ray M. White and his company, CRW Management, LP, have been charged today by the Commodity Futures Trading Commission of swindling at least $10.9 million from over 250 investors through an alleged Ponzi […]
Red Flags, New Evidence May Help Convict Deaf Ponzi Schemer
New York (HedgeCo.Net) – Marvin Cooper, who allegedly swindled deaf investors through his money management firm-turned Ponzi scheme, is maintaining his innocence despite new evidence uncovered Monday in federal court. "Nobody’s been defrauded," Cooper’s attorney, Michael Glenn told the […]
Bernanke Addresses Congress, Defends Another AIG Bailout
New York (HedgeCo.Net) – After handing AIG another $30 billion in taxpayer-funded, government bailout funds, U.S. Federal Reserve Chairman Ben Bernanke defended the decision, with the worn-out argument that the insurer’s failure may trigger an economic domino effect. “We know […]