Archive for August, 2011
Hedge Fund Association NE Chapter New York Golf League
Hedge Fund Association (HFA) members and their guests are meeting for the fourth event of the HFA Golf League taking place Thursday September 15th, 2011 at Doral Arrowwood in Rye Brook, NY. Bring your talent, make valuable connections, entertain clients, and win prizes for closest to the pin (par 3′s), longest drive, and low round [...]
Shinnecock Named Best Managed Futures CTA At UK Hedge Fund Awards
Los Angeles-based hedge fund firm, Shinnecock Partners, has been named Best Managed Futures CTA Fund in North America by World Finance magazine as part of its annual Hedge Fund Awards. “Hedge funds and fund-of-funds alternatives play a critical role in portfolio diversification, and it’s important that investors weigh the considerable value of diversified futures funds [...]
Final Close On $530 Million Tennenbaum Hedge Fund
Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. With capital commitments of $530 million from new and existing limited partners, the fund will focus on discounted and debt-for-control oriented market opportunities as well as complex, directly-originated financings. “The successful fundraising stems [...]
Cayman Hedge Fund Managers Fined Over $200 Million
The Court of the Cayman Islands has found two hedge fund managers guilty neglecting their duties, fining them $111 million each. The hedge fund, Weavering Macro Fixed Income Fund, was found to have failed because of the managers’, “Decision not to take any meaningful role in the business of the fund, and their decision to [...]
Hedge Funds To Support Hurricane Irene Relief
Billionaire hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, and mobile satellite communications provider, Inmarsat, announced that they have coordinated resources to ensure that emergency services customers have reliable access to essential satellite communications to support their Hurricane Irene relief efforts. “Given the tremendous impact Hurricane Irene has had on the east coast [...]
Hedge Fund Fraud: $291.8 Million Guilty Plea
The manager of the now defunct Chicago hedge fund, Lake Shore Asset Management, has pleaded guilty to a fraud scheme, Reuters reported today. “Baker from 2002 to September 2007 obtained the $291.9 million from about 900 investors he fraudulently solicited to invest in commodity pools, for the purpose of trading futures.” The plea agreement states. [...]
Assets in multi-strategy hedge funds reach record high of $300 billion
August’s edition of The Eurekahedge Report takes an in-depth look at the global hedge funds sector, with analysis of the industry’s performance so far in 2011, comparisons to previous years and an examination into where it might be headed. The report also contains a look at the most up-to-date data numbers for July in Eurekahedge’s [...]
Malta Hedge Fund Launch
Prestige Asset Management has launched a new hedge fund, the Prestige Equity Options, which is allocating to three trading advisors who between them manage $500 million. “All three use a combination of both long and short volatility trading strategies and much of the trading is short and medium term in nature.” The company said, “Prestige [...]
3 Years For Hedge Fund Lawyer
Jason Goldfarb has been sentenced to three years in prison for passing information to a stock trader about mergers and acquisitions in exchange for $32,500 in cash bribes, Reuters reports. Goldfarb pleaded guilty on Friday to “Participating in a scheme to trade on corporate secrets from a prominent law firm.” The hedge fund lawyer is [...]
Hedge Fund Acquisitions: Alaris/Concept Capital Markets
New York (HedgeCo.net) – Hedge fund manager and investor, Concept Capital Markets, LLC., has been acquired by hedge fund broker/dealer Alaris Trading Partners, LLC. “Bringing our two companies together will allow us to capitalize on each other’s best practices, enhance our already high level of customer service, and provide our customers with an expanded offering” [...]
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