The Schneider Family Offices Launches New Site
Global Banking & Finance – August 2014 The Schneider Family Offices launched its new website www.familyofficenetworks.com. The founder and managing partner of the Schneider Family Offices, Andrew Schneider, has been quoted as saying “The site offers daily news updates, beneficial industry events and conferences, unique prospective hedge funds and investment opportunities, real estate information, a detailed […]
Scranton, San Jose Show How Mainstream Hedge Funds Have Become
Wall Street and Tech – September 2012 One city is looking for a loan and the other is looking to boost returns, but both cases indicate that hedge funds have moved from an alternative into the mainstream. Alternative investments have officially entered the mainstream. In a bid to improve sagging returns, a pair of pension […]
Goldman’s Global Alpha Fund Hurts Investors Again
Reuters – September 2011 NEW YORK, Sept 15 (Reuters) – Goldman Sachs Group Inc’s (GS.N) shakeup of management at one of its highest-profile hedge funds comes as the fund’s performance is badly lagging its competitors. The Goldman Sachs Global Alpha fund, which relies on computer-driven strategies, was down 12 percent through August, according to two […]
Goldman to Close Global Alpha Fund After Losses
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 […]
CT Considering Hedge Fund Bill
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 […]
Putting Hedge Funds on a Tighter Leash
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 […]
Two Perot Fund Alums Start Investment Firm
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., […]