Monthly Archives: June 2012
Mitt Romney’s hedge fund history
Forbes – Mitt Romney likes to talk about his time as a venture capitalist with Bain Capital, helping to launch corporate giants like Staples and The Sports Authority. His critics like to focus on Romney’s years as a leveraged buyout […]
Hedge Fund Manager Who Faked His Own Death Has A Few Theories About Other Famous Murders, Real And Imaginary
Dealbreaker – Remember Samuel Israel III? For those with short memories, SI3 is a former hedge fund manager who faked his own death in June 2008 with the help of his girlfriend, Debra Ryan, who later wrote an article explaining her […]
Hedge Fund Manager’s Spending Spree Will Cost Him — and Taxpayers
Law.com – It seemed as if the worst was behind him. But a former tax attorney and hedge fund manager who had settled investment fraud charges is back in court fighting the feds. Lawrence Goldfarb, accused of misusing funds at […]
Report: SEC Is Going After Hedge Fund Billionaire Phil Falcone
Forbes – Philip Falcone, the embattled hedge fund billionaire who runs Harbinger Capital, will soon be battling a Securities & Exchange Commission lawsuit, according to a Bloomberg News report. The SEC will go after Falcone with claims he improperly took loans […]
A peek inside hedge funds in Asia
NDTV – Some of Asia’s oldest hedge funds are ditching short-selling as investors pull out of the strategy on concerns that bearish bets are failing to pay off and not worth the hefty fees they bring. The move from the […]
Research firm executive arrested on insider trading charges: FBI
Reuters – Law enforcement authorities said on Tuesday they arrested and charged an executive at an investment research firm as part of the government’s wide-ranging probe of insider trading at the now-defunct Galleon Group hedge fund. Tai Nguyen of research […]
Form PF disclosure time begins in July for managers
Pensions & Investments – As federal regulators hunt for systemic risk to financial markets in new reports required of private fund managers, institutional investors are likely to start demanding some of the same information, industry analysts say. This summer starts a […]
Bart M. Schwartz Participates in $410 Million Settlement With J. Ezra Merkin for Alleged Secret Madoff Investments
Press Release – Bart M. Schwartz, the Receiver for Gabriel Capital L.P. and Ariel Fund Limited, announced that he has reached a settlement of his damages suit against J. Ezra Merkin, having worked with New York Attorney General Eric T. […]
Hedge Fund People Moves: Man Appoints New Finance Director
New York (HedgeCo.net) – Former Goldman Sachs hedge fund specialist, Jonathan Sorrell, is taking over from Kevin Hayes, Man Group’s Finance Director since 2007, who is leaving the company to pursue other professional and personal interests. “I would like to thank Kevin on behalf of […]
EU Summit To Fail As Capital Flight Accelerates On Hedge Fund Bund Shorting
Forbes – Despite being talked up as Europe’s “do or die” moment, the EU summit scheduled for June 28 and 29 won’t provide any closure and will once again disappoint. The smart money is already betting against the euro, with […]
Court Finds Hedge Fund Manager in Contempt
Courthouse News Services – A federal judge found a Bay Area hedge fund and its manager in civil contempt for not paying over $13 million still owed on a judgment in a securities fraud case and threatened jail time if the judgment […]
Hedge Fund Manager Wants 35 Percent Of Ex-Wife’s Shoe Collection
DealBreaker – Daniel Shak is the founder of SHK Management, a hedge fund that reportedly “pulled the plug on its sole investment, spread trades on Comex gold futures,” last year. Daniel Shak is also the ex-husband of Beth Shak, who […]