Monthly Archives: April 2011
CFO Survey: Increased Optimism For U.S. Economy and Hiring But Serious Inflation Concerns
New York (HedgeCo.net) – In a national survey of U.S. Chief Financial Officers (CFOs) and senior comptrollers conducted by global audit, tax and advisory organization Grant Thornton LLP, there is growing optimism about the U.S. economy as 48% say it will […]
Hedge Fund Launched: GAM Star Dynamic Global Bond
New York (HedgeCo.net) – The Star Dynamic Global Bond was launched on the 11th April 2011. The new fixed income – developed markets UCITS hedge fund aims to produce consistent total returns and outperform an index of developed global bond markets over a market […]
State seeks rules for ‘expert’ networks
Boston Globe – Secretary of State William F. Galvin proposed new regulation yesterday to crack down on hedge funds that use so-called expert networks to illegally obtain information on companies for stock trades. Under the new rule, the Massachusetts Securities […]
Ex-Nomura Trader Overcomes Japan Quake as Hedge Fund Returns 5% in March
Bloomberg – Go Horiuchi, a former trader at Nomura Holdings Inc. (8604), led a 5 percent return with his hedge fund that invests in Nikkei 225 Stock Average options in March, weathering losses caused from Japan’s record earthquake. The Developed Asia Gamma […]
3 Fla. men indicted in wake of $3.7B Ponzi scheme
AP – A former associate of fallen Minnesota businessman Tom Petters and two hedge fund managers were indicted Wednesday in federal court on fraud charges. Frank Vennes, David Harrold and Bruce Prevost were each charged with four counts of securities […]
Gov’t: Evidence overwhelming in NY hedge fund case
AP – Federal prosecutors told a jury on Wednesday that exhaustive wiretap evidence proves a Wall Street heavyweight routinely used a cadre of “corporate spies” to get rich off inside trades, while the defense insisted he was merely one of […]
Hedge fund managers more upbeat for 2011-survey
Reuters – Hedge fund managers are finally breathing a sigh of relief. Newly confident that investment opportunities will improve in 2011 as the global economy recovers, more than half said they have a generally positive outlook for the industry, a […]
When Hedge Fund Owners Invest in Sports Teams
Bloomberg – John W. Henry, founder of futures trader John W. Henry & Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years […]
Closing Arguments Begin in Hedge Fund Boss Rajaratnam Insider Trading Trial
WNYC – Six weeks after it began, the trial of hedge fund manager Raj Rajaratnam will enter its final phase Wednesday in a Manhattan courtroom. Government lawyers will try to convince the jury that the former billionaire hedge fund boss […]
Hedge Fund Adviser Launches Seven New Alternative Mutual Funds in First Quarter
New York – (HedgeCo.net) – Hedge fund adviser Gemini Fund Services, LLC (Gemini), announced the launch of seven alternative mutual funds in the first quarter of 2011. “Gemini partners with advisors to develop the investment product that meets their specific vision […]
Texas University Endowment Buys $1 Billion in Gold
Bloomberg – The University of Texas Investment Management Company, which manages the endowment of the University of Texas system and Texas A&M University, has purchased $1 billion worth of gold bullion recently as a hedge against inflation, according to an April […]
Annual Survey of Global Compliance and Risk Professionals
New York (HedgeCo.net) – The Annual Global Accelus Survey by Thomson Reuters GRC, released today, polled more than two thousand senior governance professionals, compliance officers and legal counsel who manage risk everyday for their companies, and survey data indicate that today’s […]