Hedge funds

Today Blackstone hosts its inaugural Veterans Hiring Summit to support the hiring of American veterans across its portfolio companies. In support of the White House’s “Joining Forces” initiative, in April Blackstone committed to hire 50,000 American veterans across its portfolio of 78 companies over the next five years.

Investcorp's U.S.-based Hedge Fund business announced that Elena Ranguelova has come on board as Head of Credit and Equity Strategies.

The Securities and Exchange Commission today announced that three whistleblowers have been awarded a combined total of $25,000 for tips they provided to help the SEC and Justice Department to thwart a sham hedge fund.

Alternatives juggernaut Blackstone joined the likes of other fellow private investment firms The Carlyle Group and Kohlberg Kravis Roberts (KKR) last month as the asset management practice continues its revolutionary switch in business focus out of institutional coffers and into the retail investment space.

Federal prosecutors brought criminal charges against SAC Capital on Thursday. Dubbing SAC “a veritable magnet of market cheaters,” authorities argued that the company allowed a “systematic” insider trading scheme to play out between 1999 to 2010. It is deemed that the scheme generated profits for the firm in the hundreds of millions of dollars.

The members of Generation Y, also known as "millennials," have vastly different backgrounds and expectations than the generations before them. Today's 20-somethings can't remember a time without smartphones or the ability to access the information most important to them whenever they need it. It would be easy for some mutual fund managers to assume that millennials lack the same mindset or appetite for risk when it comes to investing and saving than previous generations, and view attracting them to mutual funds as a Herculean task. However, both of these assumptions are false. If managers embrace the technology and engagement with companies they trust that millennials have grown up with, they can successfully grow their assets by appealing to this relatively untapped investor base.

Federal prosecutors brought criminal charges against SAC Capital on Thursday. Dubbing SAC “a veritable magnet of market cheaters,” authorities argued that the company allowed a “systematic” insider trading scheme to play out between 1999 to 2010. It is deemed that the scheme generated profits for the firm in the hundreds of millions of dollars.

Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.

The Securities and Exchange Commission announced it has charged hedge fund advisor Steven Cohen with failure to supervise two senior employees. The charges also included failing to prevent the duo from insider trading.

Hedge fund managers now no longer have to hide behind their websites because they are free to advertise openly to investors who meet their investment requirements courtesy of President Obama's JOBS Act.

Asset managers have taken notice of the the proliferation of alternative mutual funds in the retail and institutional channels and have changed their game plan accordingly.

Principal Global Investors is betting big on alternatives.

Stadion Money Management has found itself a new distribution partner.

Arden Asset Management has expanded its offerings of customized hedge fund solutions.

Mainstay Investments has augmented its alternatives offerings with two hedge fund-of-funds.

Atlantic Fund Services has a new business director.

As investing in alternatives such as real estate, private equity funds, hedge fund strategies and commodities grow in popularity, the way these are being used by institutions and investment advisors is changing.

QFS Asset Management announced that Dr. Jim Xiong has rejoined the firm as co-chief investment officer.

On August 8, 2012, Operating margins in the global asset management industry have recovered from their 2009 lows, at a median 32% in 2011, yet they remain below pre-crisis levels, according to new research by U.S. Institute, McLagan and Casey, Quirk & Associates.

On August 7, 2012, AdvisorShares will begin trading its QAM Equity Hedge ETF (NYSE:QEH) on Wednesday, August 8.