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  • May 19- Federal prosecutors in Chicago unveiled a criminal fraud charge against an Illinois man who authorities say masqueraded as a successful hedge fund manager, using his status as a former Marine to entice military veterans to invest with him. In its civil case, the SEC said Cohn lured investors through his Veterans Financial Education Network, which...

  • LONDON, May 19- Are some of Britain's largest hedge fund managers putting their money where their mouth is on Brexit? That question is causing some disquiet following the intervention of several top hedge fund figures in the debate over whether Britain should vote to leave the European Union. Appeals from the likes of David Harding of Winton Capital, John...

  • Hedge funds falling out of favor: Report

    Scott Sperling, THL Partners co-president, discusses findings from a new report that shows investors are looking to exit hedge funds and opting instead for private equity opportunities.

  • NEW YORK, May 18- William Strong has left Mason Hill Advisors, the hedge fund firm he founded in 1986, according to a filing with the U.S. Securities and Exchange Commission. Mason Hill is best known for its Equinox Partners hedge funds, which invest in securities from around the world. Mason Hill managed $968.3 million in assets as of Dec. 31, according to the SEC...

  • Sometimes called side-by-side management, the practice of having the same managers running mutual funds as well as hedge funds has attracted concern over potential conflicts of interest, as well as increased scrutiny and regulation from the Securities and Exchange Commission. As part of an effort to address this and other concerns, the SEC in 2005 put in...

  • BOSTON, May 18- Boaz Weinstein's hedge fund Saba Capital has been pulling in new money this year even as many rival investors are being asked to return cash to their clients. An anchor investor wrote a $70 million check in February while other clients have put in $20 million, the person said. To be sure Saba's assets are still far below its roughly $6 billion peak,...

  • NEW YORK, May 16- Former SAC executive Gabe Plotkin's Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Melvin Capital also took a new position in Home Depot Inc, buying 475,000 shares. And Passport Capital added 3.3 million Yahoo...

  • NEW YORK, May 16- Former SAC executive Gabe Plotkin's Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Melvin Capital also took a new position in Home Depot Inc, buying 475,000 shares. And Passport Capital added 3.3 million Yahoo...

  • LONDON, May 16- "The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman Sachs analysts said in a research note published on Sunday. Goldman raised its near-term forecasts for WTI by around $10 per barrel in both the second and third quarters of 2016. In many ways the bank is playing catch up, because WTI has...

  • SHANGHAI, May 16- Bridgewater Associates, the world's largest hedge fund with around $150 billion in assets under management, has set up an investment management unit in Shanghai, according to a Chinese government website filing, signalling that the firm is looking to expand its bets on China. Bridgewater's China unit was set up in Shanghai's Free Trade Zone on...

  • The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas this week, where a group of money managers humbled by losses or meager returns acknowledged that they needed to do more to satisfy investors. "Expectations about a hedge fund manager's way of conducting business has become more demanding- and perhaps rightfully so," Kenneth...

  • All sectors attractive for private equity currently: UBS

    Simona Maellare, UBS co-head of financial sponsors, talks about where companies should put money to work, whether that’s in the private or the public market.

  • Lykouretzos was one of a handful of prominent managers speaking at the annual SkyBridge Alternatives Conference in Las Vegas, four months into a difficult year where the average hedge fund has lost money and some big-name investors are rethinking their commitment to them. Fears about a possible recession in the United States and slower growth in China have...

  • LAS VEGAS, May 12- Scott Ferguson said that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year, in an appearance at the SkyBridge Alternatives Conference in Las Vegas on Thursday.

  • Executive Edge: Ridesharing

    Daniel Ramot, Via co-founder and CEO, talks about growth in the on-demand economy and his efforts to create an alternative to the public transit system.

  • NEW YORK, May 10- At quick glance, public pensions should be running from hedge funds. Then, this February, the $15 billion Illinois State Board of Investment said it would reduce its target allocation from 10 percent to just 3 percent. Henry Garrido, a worker union leader and NYCERS trustee, cited the industry's high fees and poor performance in scoring a...

  • BOSTON, May 10- Hedge funds lost money for their investors last year but the industry's top-paid managers had a banner year, with five men earning more than $1 billion each in 2015, an industry survey released on Tuesday showed. Citadel's Kenneth Griffin, who started trading from his Harvard dormitory in the 1980 s, and Renaissance Technologies' James Simons, a...

  • LONDON, May 9- Activist hedge fund TCI's campaign against German carmaker Volkswagen was launched as its own initiative and not on behalf of a broader investor group, a partner at the firm told Reuters. The $10 billion London- based hedge fund says it has a 2 percent exposure to VW's non-voting preference shares and none to the group's ordinary shares.

  • NEW YORK, May 9- Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. The same day that Einhorn spoke in New York, the chief investment officer for the...

  • NEW YORK, May 6- New Mexico's public employees are taking their final chunk of money out of billionaire investor William Ackman's hedge fund Pershing Square Capital Management, the pension fund's chief investment officer said on Friday. The $14 billion pension is asking the $12 billion hedge fund to return $13 million, the last remaining bit of a once larger...