Category Archives: HedgeCo News
New York Hedge Funds Need Quick Turnaround
New York (HedgeCo.Net) – New York’s top 100 hedge funds are in trouble and can’t seem to get out of the red, according to performance reports obtained by the New York Post. Prominent hedge funds are still trying to recover […]
Carlyle Group to Liquidate Hedge Fund
New York (HedgeCo.Net) – The private equity firm Carlyle Group will liquidate its lone hedge fund, after stating that it failed to achieve “critical mass.” The fund, Carlyle-Blue Wave Partners Management LP, was a multi-strat fund launched by Rick Goldsmith […]
TD Waterhouse Fined $2 Million for Illegal Sale of Hedge Funds
New York (HedgeCo.Net) – TD Waterhouse has been ordered to pay a $2 million fine as a result of selling hedge funds to clients who were not accredited, according to a report by the Vancouver Sun. The Investment Industry Regulatory […]
Alan Schwartz Plans Exit from JPMorgan
New York (HedgeCo.Net) – Alan Schwartz, former Bear Stearns CEO, has decided to leave JPMorgan and pursue other ventures. “With most of the work on the merger integration behind us, Alan will be moving on from the firm at the […]
U.S. Marshals Service to Help Clean Up Hedge Fund Mess
New York (HedgeCo.Net) – While the aftermath of the collapsed Bayou hedge fund may have left investors with nothing more than shock, the U.S. Marshals are trying to recoup some of the losses that were suffered. By selling Bayou’s failed […]
Wealthy Americans Prefer Alternative To Traditional Investments
West Palm Beach (HedgeCo.Net)- A recent Bank of America Survey of high net worth Americans indicates that US investors understand the risk and rewards of hedge fund investments. Many expressed greater satisfaction over the last 12 months with their holdings […]
Eight Arrested in London Insider Trading Scheme
New York (HedgeCo.Net) – Eight people were arrested yesterday in London on suspicions of insider trading. The city of London police and about 40 Financial Services Authority officials targeted workers at UBS and JPMorgan Cazenove, in what they are […]
Hedge Fund Hotels Nurture Start-Ups
West Palm Beach (HedgeCo.Net)- Hedge funds have grown from as few as 300 funds in 1990 to more than 10,000 today. However, there has been a recent drop in new fund launches due to the recent credit crunch, closures and […]
Southridge Launches Atypical Market Neutral Fund
West Palm Beach (HedgeCo.Net)- Southridge LLC, a New York financial holding company, is launching a "not as you know" market neutral fund to add to their portfolio of funds. The new fund, Southridge Market Neutral US LP has the capacity […]
Delphi to Proceed in Suit Against Hedge Fund
New York (HedgeCo.Net) – American auto parts maker Delphi has been given the green light to proceed with their suit against hedge fund Appaloosa Management. U.S. Bankruptcy Judge Robert Drain denied a request by Appaloosa yesterday to dismiss the fraud […]