SEC Charges Two Brokers With Defrauding Customers

Jan 10 8:54am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today charged two New York-based brokers with fraudulently using an in-and-out trading strategy that was unsuitable for customers in order to generate hefty commissions for themselves. The SEC’s complaint alleges that Gregory T. Dean […]...
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NYHFR: Alternative Investment Industry Weighs in on SWFs, Heightened Regulatory Environment

Jan 10 8:53am Hedge Fund News From HedgeCo.Net
(FinAlternatives) The amount of assets under management by sovereign wealth funds will continue to rise, according to a recent survey of New York Hedge Fund Roundtable members, while the majority of members are more afraid of cyber security hacks than […]...
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Axiom Asia Private Capital Raises $1B For Fourth Asia-Pacific Fund of Funds

Jan 10 8:51am Hedge Fund News From HedgeCo.Net
(FinAlternatives) Axiom Asia Private Capital has raised more than $1 billion in capital commitments for its fourth fund, exceeding its target of $750 million. To read this article:...
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BlackRocks Robot Stock-Pickers Post Record Losses

Jan 10 8:49am Hedge Fund News From HedgeCo.Net
(Bloomberg) Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.’s beleaguered stock-picking business. Trouble is, they just might have made things worse… To read this article:...
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Blackstone looks to buy another division of GE

Jan 10 8:47am Hedge Fund News From HedgeCo.Net
(New York Post) Stephen Schwarzman’s Blackstone Group is in the running to buy its second major division from GE in roughly two years….Blackstone is in the final round of the auction to buy GE Water, the division that filters fracking […]...
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Texas Hedge Fund Shares a Must Read Investor Letter

Jan 10 8:45am Hedge Fund News From HedgeCo.Net
(Harvest) The Partnership generated a net return of +8.6\% in 4Q16 and +23.0\% in its first 10 months while holding an average cash balance of ~35\%. To read this article:...
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$53 Billion Fund in Norway Offers Scared of Everything Model

Jan 10 8:43am Hedge Fund News From HedgeCo.Net
(Bloomberg) The biggest Norwegian pension fund always fears the worst outcome. And it’s a strategy that’s paying off. With interest rates still close to historic lows and a series of global political shocks upending many investment strategies, Norway’s biggest life […]...
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Soros-Backed Fund Glen Point Loses in First Trading Year

Jan 10 8:41am Hedge Fund News From HedgeCo.Net
(Bloomberg) Glen Point Capital, one of last year’s biggest European hedge-fund startups after raising almost $2 billion, lost 4.1 percent in 2016, according to an investor letter. The macro hedge fund shed 5 percent in November….. The London-based fund, which […]...
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Ariads $5.2 Billion Sale To Takeda Nets $260 Million Windfall For Hedge Fund

Jan 10 8:38am Hedge Fund News From HedgeCo.Net
(Forbes) Takeda’s $5.2 billion takeover of Ariad Pharmaceuticals is turning into a major payday for a weighty but unheralded investor in the drug sector. Sarissa Capital, run by Carl Icahn protégé Alex Denner, stands to make $260 million on Monday’s […]...
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Hedge Funds Pull Out of Ag Selling Ahead of Index Fund Purchases

Jan 10 8:36am Hedge Fund News From HedgeCo.Net
(Agrimoney) Hedge funds entered 2017 in a more bullish spirit, pulling out of selldowns in the likes of corn and most soft commodities, as the index fund reweighting process, expected to bring buying to most contracts, approached. Managed money, a […]...
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Hedge Funds Arent Buying into Gold Price Rally

Jan 10 8:35am Hedge Fund News From HedgeCo.Net
(Mining.com) Gold jumped to a five-week high on Monday as bullion bulls made the most of sputtering stock markets and a weaker US dollar.Gold for delivery in February, the most active contract on the Comex market in New York, hit […]...
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Hintzes Hedge Fund Said to Surge 30% in Best Year Since 2012

Jan 10 8:32am Hedge Fund News From HedgeCo.Net
(Bloomberg) CQS Investment Management’s main hedge fund gained 30.4 percent in 2016, its best annual return since 2012, according to two people with knowledge of the matter. The $2.8 billion CQS Directional Opportunities Fund, managed by billionaire Michael Hintze, was […]...
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Academics launch AI stat-arb firm Alpha-I

Jan 10 7:20am HFM Week
Firm will begin trading later this month on Lawson Conner platform...
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GAM launches second Cantab Ucits fund

Jan 10 6:44am HFM Week
Diversified macro fund added to risk-premia and equity market-neutral strategies on new systematic platform...
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Biotech firm Aquilo launches long-only fund

Jan 10 6:09am HFM Week
Aquilo Capital II fund seeded with $20m and set for February hard close...
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News round-up: Soros-backed Glen Point down in debut year

Jan 10 5:17am HFM Week
Visium PM trial date nears; Double Haven takes bearish stance on Chinese HY; and more...
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Benchmark HF index outpaces global equities to reach record high in 2016

Jan 10 4:46am HFM Week
Latin America and Russian-focused funds surge more than 25\% while event-driven tops HFR strategy indices...
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How Will Hedge Funds Respond to a Dismal Year ofPerformance?

Jan 10 3:12am Hedge Fund Jobs – Alpha Calling
It can’t be sugarcoated. Hedge funds, for the third year running, have concluded another inauspicious year, not only in terms of gains, but also in the context of asset flows and industry growth. Glaring Failures Not to paint the industry with too broad a brush, it is important to begin by saying that the majority […]...
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NY manager forced to allow redemptions after marketing penalty

Jan 9 5:34pm HFM Week
Vincent Au’s $12m hedge fund paid $20,000 fine...
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SEC Awards $5.5 Million to Whistleblower

Jan 9 9:15am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $5.5 million to a whistleblower who provided critical information that helped the SEC uncover an ongoing scheme. According to the SEC’s order, the whistleblower was employed at […]...
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HFRU Composite Index Gains 1.02% in Strong December For Equity, Macro UCITS Funds

Jan 9 9:08am Hedge Fund News From HedgeCo.Net
(FinAlternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, gained +1.02\% in December and 0.82\% for the year, according to an update from Hedge Fund Research. To read this article:...
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Its Time to Ignore Advice About Which Stocks to Buy in 2017

Jan 9 9:05am Hedge Fund News From HedgeCo.Net
(NY Times) Before you take them up on their suggestions, let’s look at how well such portfolios did in 2016. The portfolios of stocks they were telling you to buy generally did much worse than the stock market over all. […]...
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BofAML: Bonds Are Back, But Probably Only Temporarily

Jan 9 8:47am Hedge Fund News From HedgeCo.Net
(FinAlternatives) Investors poured $6.3 billion back into bond funds last week, the largest inflows into the sector in the last three months, but the reversal in sentiment may be a fleeting one, according to Bank of America Merrill Lynch. To […]...
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The Beginning Of The End Of Hedge Funds As Weve Known Them?

Jan 9 8:39am Hedge Fund News From HedgeCo.Net
(Harvest) So proclaimed Bloomberg in an interesting column about investors losing interest in hedge funds due to poor performance, or perceived poor performance, and high fees. I won’t defend the fees but will point out that fewer and fewer hedge […]...
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December Jobs Report: Show Me The Money

Jan 9 8:37am Hedge Fund News From HedgeCo.Net
(Harvest) Another decent labor report in December, with the U.S. economy adding 156k jobs in the month, a bit below its recent trend, but still well above what is needed to keep up with growth in the labor force. The […]...
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Blackrock: A Contrarian Way To Profit In 2017? Buy Undervalued Europe

Jan 9 8:34am Hedge Fund News From HedgeCo.Net
(CNBC) A major Wall Street firm is encouraging investors to start looking for opportunities in Europe, even as uncertainty surrounding Brexit and upcoming elections in the region linger. BlackRock, which formally upgraded its rating on European assets to neutral from […]...
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When The Feds Went After the Hedge-Fund Legend Steven A. Cohen

Jan 9 8:32am Hedge Fund News From HedgeCo.Net
(The New Yorker) One day in early 2013, Preet Bharara, the U.S. Attorney for the Southern District of New York, met with his deputy, Richard Zabel, about one of the biggest cases of his career—a crackdown on insider trading in […]...
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Hedge Fund Verde Sees Aggressive Brazil Rate Cut This Month

Jan 9 8:26am Hedge Fund News From HedgeCo.Net
(Reuters) Verde Asset Management SA, which runs Brazil’s largest hedge fund, sees “good chances” that the country’s central bank will cut the benchmark overnight lending rate by a bigger-than-expected 75 basis points this month in a bid to revive a […]...
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Ex-Visium Hedge Fund Manager to Face Trial on U.S. Fraud Charges

Jan 9 8:24am Hedge Fund News From HedgeCo.Net
(Reuters) A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York-based hedge fund’s closure last year.Jury selection is set to begin on Wednesday […]...
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Annual profits up 30% at Egerton; Brevan sees 25% decline

Jan 9 8:19am HFM Week
Latest UK filings show mixed fortunes of some of the region’s largest firms...
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Dymon Asia and LIM Advisors chiefs join HFSB Apac comm

Jan 9 8:11am HFM Week
Danny Yong and George Long added to regional board established last year...
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Activist manager Teleios up 21% in 2016

Jan 9 8:05am HFM Week
Swiss firm posts strong performance in the European mid-cap space...
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News round-up: Odey cuts staff after misfiring Chinese bets

Jan 9 7:47am HFM Week
NGO reveals extent of Och-Ziff bribery allegations; Asian firms to profit from football finance notes; and more...
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Kerrisdale Capital marketing head joins Apis Capital

Jan 6 4:52pm HFM Week
Will Dombrowski leaves in wake of founder Sahm Adrangi’s arrest...
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Basel III approval delayed until later this year

Jan 6 10:42am HFM Week
Further work required before capital adequacy regime can be finalised...
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CTAs flop in 2016 despite December rally

Jan 6 8:23am HFM Week
SocGen’s short-term traders index only positive performer for 2016...
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Ex-MF Global and Bluefin pros launch volatility fund

Jan 6 7:56am HFM Week
Talton Capital Management opens to external capital this month...
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Event-driven hedge funds top 2016 performance

Jan 6 7:52am HFM Week
HFR data shows distressed restructuring funds made yearly gain of 20\%...
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SEC Charges Operators of Fake Day-Trading Firm With Defrauding Investors

Jan 6 6:36am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission has charged two men behind a phony day-trading firm with pocketing more than $1.4 million in deposits from hundreds of defrauded investors worldwide. The SEC alleges that Naris Chamroonrat of Bangkok, Thailand, recruited Adam […]...
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HFRX Global Hedge Fund Index Gains 0.86% In December; Up 2.5% for 2016

Jan 6 6:35am Hedge Fund News From HedgeCo.Net
(FinAlternatives) Hedge funds gained in December as global financial markets posted gains across global equities, the dollar and energy commodities while credit yields continued a broad move up, according to new data from Hedge Fund Research. The results pushed some […]...
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Cooperman: Omegas AUM Down To $3.4B Following SEC Allegations

Jan 6 6:31am Hedge Fund News From HedgeCo.Net
(FinAlternatives) Leon Cooperman’s Omega Advisors has seen assets under management drop to $3.4 billion in the wake of SEC allegations last year of insider trading, the famed hedge fund investor said on Thursday. To read this article:...
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Neuberger Berman Raises $2.5B For Fourth PE Secondaries Fund

Jan 6 6:30am Hedge Fund News From HedgeCo.Net
(FinAlternatives) Neuberger Berman has held a final close for its latest private equity secondaries fund, raising $2.5 billion in capital commitments and easily surpassing the new fund’s target of $2 billion. To read this article:...
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This Hedge Fund Has Slashed Pay and Headcount As Profits Slip By 61%

Jan 6 6:28am Hedge Fund News From HedgeCo.Net
(eFinancial) Hedge fund Cheyne Capital Management has cut senior headcount and reduced pay for its partners after a year when profits slipped by 61\%. Cheyne, which has around £8bn in assets under management, reduced the number of senior staff in […]...
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Lampert Lends Sears Another $500m Amid Ongoing Losses

Jan 6 6:26am Hedge Fund News From HedgeCo.Net
(New York Post) US shoppers may not be spending their hard-earned dough in Sears and Kmart, but owner and chief executive Eddie Lampert can’t seem to spend enough on the incredibly shrinking chains.On Wednesday the hedge fund mogul agreed to […]...
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12 Rising Hedge Fund Stars Who Are In Their 20s And Are Poised To Take Over The Finance World

Jan 6 6:24am Hedge Fund News From HedgeCo.Net
(The Business Insider) Hedge funders dominated Forbes’ most recent “30 Under 30” list for finance. Twelve of them are on the 2017 list, including Michael Buckley, who works at Stanley Druckenmiller’s Duquesne Capital, and Anthony Massaro, who works at Bill […]...
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YE 2016 High Yield Outlook

Jan 6 6:21am Hedge Fund News From HedgeCo.Net
(Harvest) High Yield bonds have experienced a strong reversal in price, accompanied by a momentum swing known as a Bullish Divergence. This divergence between price and momentum occurred in early 2016, illustrated by the Roman Numerals ‘I, II & III’ […]...
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Why One Surging Hedge Fund Is Betting EQT Will Win The American Energy Revolution

Jan 6 6:18am Hedge Fund News From HedgeCo.Net
(Forbes) The new year on Wall Street kicked off with a bang of an idea from a virtually unknown, mite-sized hedge fund. This week, W. Barnes Hauptfuhrer, 62, head of North Carolina-based hedge fund ChapterIV Investors, recommended natural gas driller […]...
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News round-up: Omega assets plummet amid SEC charges

Jan 6 6:13am HFM Week
Corzine pays up on MF Global collapse; Funds not hedging Le Pen risk; and more...
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Gamma Capital to open first US office

Jan 6 5:21am HFM Week
Icelandic outfit to target international investors from New York base...
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Blackstone-backed Raveneur Investment Group set to close

Jan 5 6:20pm HFM Week
Mark Black’s Blackstone and PAAMCO-backed fund to wind down...
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SEC Names Sara P. Crovitz Deputy Chief Counsel in the Division of Investment Managements Chief Counsels Office

Jan 5 9:58am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today named Sara P. Crovitz Deputy Chief Counsel and Associate Director in the Division of Investment Management’s Chief Counsel’s Office. As Deputy Chief Counsel, Ms. Crovitz will assist the Chief Counsel in overseeing legal […]...
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FBI Agent Turns to Ex-Prosecutor for Help in Insider-Leak Probe

Jan 5 9:57am Hedge Fund News From HedgeCo.Net
(Bloomberg) An FBI agent turned to a veteran former federal prosecutor to defend him in a probe over leaks of information to the press about an insider-trading investigation of golfer Phil Mickelson and gambler Billy Walters. David Chaves, who’s been […]...
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eVestment Releases 2017 Hedge Fund Exposure And Tail Risks Report

Jan 5 9:55am Hedge Fund News From HedgeCo.Net
(FinAlternatives) The world’s top hedge funds appear to be insulated against a new Brexit-type event, but less so against the failure of a major financial institution, according to a new report from data specialist eVestment. To read this article:...
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Investors pulled $3.6B from Och-Ziff in December

Jan 5 9:53am Hedge Fund News From HedgeCo.Net
(New York Post) One hedge funder stands out as rough 2016 comes to a close Och-Ziff Capital Management is still paying a price after settling US criminal and civil bribery charges to the tune of $413 million late last year. […]...
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Ex-Hedge Fund Manager Generates 51% Return From Skiers Paradise

Jan 5 9:49am Hedge Fund News From HedgeCo.Net
(Bloomberg) The region of Trondelag is the cradle of Norway’s Winter Olympic dominance, with 14 gold medals over the past two events alone. Now, Jomar Kilnes, a former hedge fund manager who has come home after more than a decade […]...
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Oil Trader Pierre Andurands Hedge Fund Returned 22% In 2016

Jan 5 9:46am Hedge Fund News From HedgeCo.Net
(Forbes) With the price of crude oil sinking below $30 a barrel to 12-year lows a year ago, oil trader Pierre Andurand turned bullish, believing oil prices were set to rebound. Andurand waited for bearish sentiment to subside and went […]...
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Och-Ziff assets plummet by nearly 25%

Jan 5 8:37am HFM Week
AuM stood at $33.5bn as of 1 January 2017, SEC filing reveals...
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Goldman-backed Pelham sees annual profits triple

Jan 5 8:00am HFM Week
Earnings soar at Ross Turner's $4.7bn l/s equity manager...
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Hedge fund launches fall by 40% in 2016

Jan 5 7:42am HFM Week
Number of start-ups drops significantly although distressed strategies saw big growth...
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