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Reuters – September 2011 NEW YORK (Reuters) – Goldman Sachs Group Inc is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. Goldman told investors in the roughly $1.6 billion Global Alpha fund the news on Thursday, one day after it announced a...
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Hartford Business – February 2010 Some Connecticut lawmakers are resurrecting efforts to pass new state regulations on the hedge fund industry, frustrated by what they see as inaction in Washington. The legislature’s Banks Committee has scheduled a public hearing for Thursday on the latest version of the hedge fund legislation. Sen. Robert Duff, D-Norwalk, co-chairman...
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Wall Street Journal – June 2009 THE GLOBAL MARKETS CRISIS OF 2008, CAPPED BY the revelation of Bernard Madoff’s $65 billion Ponzi scheme, has sped up a long-expected tightening of hedge-fund regulations. Barney Frank, chairman of the House Financial Services Committee, looks to be leading the charge. Earlier this month, the Massachusetts Democrat said his panel...
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New York Post – May 2009 Two traders who recently left Ross Perot’s troubled investment firm Parkcentral Capital Management are seeking money to start their own hedge fund. The two money managers, Michael Presley and John Sawyer, left Parkcentral in January, a few months after the firm’s $2.5 billion debt fund, Parkcentral Global Hub Ltd.,...
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Forbes – November 2008 Hedge funds are to the modern stock market as sunspots were to electronics in the 1960s: a convenient scapegoat when things go wrong without an evident cause. But they probably aren’t to blame for last week’s poor showing on Wall Street, and rumors of the industry’s demise are likely premature. There...
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PR Newswire – April 2008 HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand business operations in both their New York City and West Palm Beach locations, as well as to break out...
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PR Newswire – February 2008 HedgeCo LLC, a premier name in the hedge fund database, consulting and service industry, announced today a strategic relationship with Spicer Jeffries LLP. This partnership was designed to give clients of Spicer Jeffries access to the HedgeCo Hedge Fund Websites Platform thus increasing their Internet and global presence. “Through this alliance, our...
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Chasing Alpha Florida Trend – November 2005 HEDGE MONEY: “There’s definitely opportunity in Florida,” says Medon Michaelides, director of U.S. institutional sales at Miami’s PRS Group, which has $830 million in assets. New York native Neil A. Levy started his career as a CPA and then, in his words, changed careers a “bunch of times.”...
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