Monthly Archives: April 2011
Rajaratnam Jury Begins Deliberations in Hedge Fund Insider-Trading Trial
Bloomberg – Galleon Group LLC co-founder Raj Rajaratnam’s fate rests with jurors including a retired bookkeeper, a nurse and a customer-service representative for the New York subway system, as the panel is scheduled for a second day of deliberations in […]
Hedge Fund Events: How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World
Nathaniel Baker, Editor, Bloomberg Hedge Funds Brief, Bloomberg L.P., will present at Golden Networking’s High-Frequency Trading Leaders Forum 2011, “How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World”, May 23, 24 & 25 in New York City. Building […]
SEC shuts down Beverly Hills hedge fund and wealth management business
LA Times – In an unusual move, the Securities and Exchange Commission has temporarily shut down a Beverly Hills hedge fund and wealth management business — which allegedly sought to defraud investors — before anyone actually invested. Elijah Bang and […]
Hedge Fund Mergers: Deminor/Athamas Launch Three Global Equity Funds
Leading European investor service provider, Deminor Investment Management B.V. and Luxemburg hedge fund, Athamas S.A.1 have joined forces to develop their asset management activities. “This collaboration and integration reflects the ongoing consolidation in the fragmented European asset management industry and […]
NY trial tapes seen as Wall Street wake-up call
AP – The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a one-time billionaire hedge fund boss, have given jurors a sometimes colorful dose of the go-big-or-go-home mentality at Wall Street firms. Now the jury must […]
Palm Beach Hedge Fund Managers Plead Guilty In Petters Case
New York (HedgeCo.net) – Two Florida hedge fund managers, David William Harrold and Bruce Francis Prevost, pleaded guilty at the end of last week to four counts of securities fraud. The FBI has accused the two of misrepresenting their hedge […]
Hedge funds may form a significantly larger part of pension assets
Times Live – The Treasury has decided to allow institutional and retail investors to invest up to 10% of their assets in hedge funds. Previously, hedge-fund investments had to slot into a meagre 2.5% allocation for a collection of “alternative” […]
Jacksonville council looking at hedge fund use in pension system
Florida Times – Jacksonville’s City Council could vote Tuesday to let the city’s main pension system make hedge fund investments and other deals the city used to consider too risky. Backers say they’re asking now because those deals are safer […]
How do absolute returns stack up against hedge funds?
CityWire – Absolute return funds continue to garner assets at a rapid rate and many wealth managers now actually favour Ucits III portfolios over the traditional offshore hedge funds they are so often designed to mirror. With so much uncertainty […]
Oil Rises a Fourth Day; Hedge Funds Buy Gas
Bloomberg – Hedge funds increased bullish bets on natural gas for the sixth time in seven weeks as a drop in U.S. nuclear power output to the lowest level in more than four years raised speculation that utilities will boost […]
Special Report: From Hannibal Lecter to Bernie Madoff
Reuters – Bernard Madoff, the architect of history’s biggest Ponzi scheme — and Gary Ridgway – the Green River killer — would seem to have little in common aside from being branded as “monsters” in the tabloids. But a team […]