Archive for September, 2011
San Francisco Hedge Fund Team Accused of Providing SEC With Phoney Paperwork
The SEC has charged San Francisco-area hedge fund adviser Kurt Hovan with fraud for lying to clients about brokerage commission rebates and producing phony documents to cover up the fraud during an SEC examination. “The SEC’s ability to review the records of investment professionals is a cornerstone of our investor protection mission,” said Marc Fagel, [...]
Hedge Fund Securities Firm Wins $1.46 Arbitration Award Against WFG
Hedge fund services company Esposito Securities won a $1.46 million FINRA arbitration award against $6.5 billion Dallas-based financial services firm WFG Investments, Inc. “We are very happy that the FINRA arbitration process was confirmed by the Texas District Court. We are gratified that our efforts to protect the firm and its clients were successful.” Mark [...]
Man Group Assets Fall By $6 Billion
Hedge fund giant Man Group said its assets fell by $6 billion as shares dropped nearly 22% yesterday after investors pulled $2.6 billion from its funds. Man said it expects headline pre-tax profits to have fallen from $227 million to $185 million in the six months which end this Friday. “The extreme volatility of markets in recent months [...]
Eurekahedge Launches The ‘Mizuho-Eurekahedge Index’
Hedge fund data provider Eurekahedge is launching a suite of new asset weighted indices, under the name ‘Mizuho-Eurekahedge Index’. “With the current volatility in the markets there is increasing demand for more manageable and predictable return streams. The Japanese pension fund industry is currently reported to have almost $100 billion invested in alternatives and in particular is [...]
HFA LatAm Chapter Symposium New York: Opportunity in Latin American Funds
In order to effectively engage in this dynamic region, it is critical for investors and hedge fund managers to gain an understanding of the Latin American hedge fund community. Date: October 6, 2011 Location: The Pierre – New York, NY. The LatAm Chapter of HFA is proud to bring you prominent expert speakers to address critical issues involved in [...]
2011 Hedge Fund Charity Rocktoberfest
The Eighth Annual Hedge Fund Rocktoberfest, the cornerstone fundraiser for children’s charity A Leg To Stand On (“ALTSO”), is taking place on Thursday, October 13 at 583 Park Avenue in New York City. Hedge fund managers and hedge fund related industry professionals will perform to raise money for ALTSO, which provides prosthetic limbs and corrective, [...]
UK ‘New Turtles Traders’ Experiment Launched
The biggest London trading experiment started this week when 20 traders hand-picked from over 10,000 applicants place their first live trades in the markets. Thirty-five year market veteran Mike Baghdady is backing his apprentices to the tune of £100,000 each ($157,000), and allowing them to keep a proportion of their winnings. “All new turtles have already [...]
LGBT Capital Announces First Impact Investment In Fridae
LGBT Capital, a specialist Corporate Advisory and Investment Management Unit of hedge fund investor Galileo Capital Management and Fridae, Asia’s leading LGBT social networking operation, have announced a strategic alliance to develop a world class LGBT (lesbian, gay, bisexual and transgender) operation in Asia to support this rapidly developing market. “We are delighted to have concluded [...]
The HedgeCo Fall Networking Event
As autumn approaches, the HedgeCo Fall Networking Event is a chance for investors, hedge fund managers, and other industry professionals to come together and enjoy a night of sharing ideas and meeting new contacts. Recognized as having the largest attendance for any type of event in the hedge fund industry, the HedgeCo Networking Events have [...]
Hedge Fund Gets $100 Million From World Bank
The World Bank’s private-sector lending arm, the International Finance Corp, is investing $100 million in a new hedge fund recently launched by Christofferson Robb & Co, according to Reuters. The hedge fund, based in London and New York, will “Put up cash to cover unexpected loan losses in return for a cut from the bank. The fund’s cash [...]
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