Monthly Archives: June 2012
Ex-Silicon Valley hedge fund manager in federal fraud trial
Mercury News – A former Silicon Valley hedge fund manager is on trial in San Jose federal court, accused of bilking local investors out of millions of dollars in a wide-ranging scam in which he lured clients with phony claims […]
Dimon Faces Senators Over JPMorgan’s ‘Hedge Fund’-Style Trading
Bloomberg – U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses and will be looking closely […]
Hedge fund Capula’s Spanish bank bets pay poorly – sources
Reuters – A hedge fund set up to speculate on the poor health of Spain’s banks has so far failed to cash in on slumping confidence in the country’s financial system, sources said, showing just how tough it is for […]
Former hedge fund boss’s returns questioned
Money Web – On the face of it, former hedge fund boss Herman Pretorius and his company, Abante, have delivered excellent returns for his investors – in the region of 20% a year for the past five years. This would […]
Ex-Fund Manager Sues Saying RBS Ignored Fraud Warnings
Bloomberg – A former hedge-fund manager sued Royal Bank of Scotland Group Plc (RBS)’s NatWest unit claiming the bank ignored evidence its accounts were used to conduct what may be one of Britain’s biggest Ponzi schemes, in which he lost […]
Hedge Fund Industry Assets to More than Double in 5 Years: Citi Prime Finance Survey
FP – Assets invested with hedge fund firms could more than double by 2016, according to a just-released survey from Citi Prime Finance. The study finds that pension funds, endowments, foundations and other institutional investors are increasingly embracing the risk management […]
Two New 100 Women in Hedge Funds Earn CAIA Charter
New York (HedgeCo.net) – The Chartered Alternative Investment Analyst (CAIA) Foundation, sponsored by the CAIA Association, today announced that two members of the inaugural class of “100 Women in Hedge Funds/CAIA Scholars” have completed the CAIA Program. Kaoutar Sbiyaa, Product […]
Joyce says hedge funds contributed to Qantas’s share price collapse
The Australian – Alan Joyce blamed short-selling by hedge funds for exacerbating the collapse in Qantas’s share price last week that wiped more than $1 billion off the airline’s value. Speaking on the sidelines of the International Air Transport Association’s […]
Hedge Fund Charity Group Funding African Education
HFN – London-based organization Absolute Return for Kids has helped open two schools in the African country of Uganda. The Financial News reported that the charity, also known as ARK, has worked with the non-profit group Promoting Equality in African […]
US Treasury Settles with Cuba/Iran to the tune of $619 Million
New York (HedgeCo.net) – The US Treasury today announced a $619 million settlement with ING Bank N.V. to settle potential liability for apparent violations of U.S. sanctions. Today’s settlement is the largest OFAC settlement of any kind to date. The […]
The Hedge Fund Association Expands Presence in China
New York (HedgeCo.net) – In its continuing effort to support the global hedge fund industry through education and advocacy, the Hedge Fund Association ( HFA) announced that Adam J. Steinberg, a financial communications consultant in Beijing, has been tapped to […]
Neuberger Berman Launches an Array of Hedge Fund Strategies in a Mutual Fund Structure
New York (HedgeCo.net) – Neuberger Berman Group LLC, has launched the Neuberger Berman Absolute Return Multi-Manager Fund. The new fund is focused on absolute returns by allocating its assets to multiple hedge fund advisers that employ distinct alternative investment strategies. This the first […]