Monthly Archives: June 2011
Massive insider trading case reveals new focus by U.S. Attorney’s Office on white collar crime
New Jersey.com – The voice was increasingly desperate. “By the way, I got rid of my computer. I got rid of my iPhone,” said Matthew Kluger, who seemed to sense the FBI was closing in on him. “Those are gone. I […]
Celebrity hedge-fund managers
The Economist – The superheroes of finance seem to have lost some of their powers. Several of the hedge-fund industry’s most exalted names are beset by problems more associated with mere mortals. Take John Paulson of Paulson & Co, a […]
Hedge funds fear dead hand of the box tickers
Reuters – The entrepreneurial spirit that fuelled the growth of the hedge fund industry could be killed off by investors worried about another Bernard Madoff-style fraud, said executives meeting in Monaco this week. Managers left the GAIM conference, the annual […]
RAB Capital reveals plans to delist
Proactive Investor – RAB Capital, the troubled hedge fund manager that has seen assets fall sharply and clients jump ship, has revealed plans to delist the business and a proposal for a management buyout. In a statement today the company […]
Playing The Odds: Hedge Funds Finance Medical Malpractice Claims
Forbes – Investors are always looking to earn an easy profit, particularly from well-managed companies. But when the profit is from a hedge fund that finances medical malpractice lawsuits aimed at driving doctors out of the profession, Wall Street may […]
Is the Fed the World’s Largest Fixed-Income Hedge Fund?
Business Insider – The following data is taken from Congressional testimony of the well respected banking analyst, Bert Ely, illustrates how the Federal Reserve has gone from being a taxpayer subsidized monetary authority to one of the world’s largest and most […]
Celebrity Poker Winnings Came From Hedge Fund Ponzi Scheme, Victims Claim
New York (HedgeCo.net) – Tobey Maguire, Leonardo DiCaprio, Ben Affleck and Matt Damon are among a dozen high-profile celebrities alledged to have been involves in an illegal poker ring. Some of the celebrities are being sued, according to Star Magazine, […]
Hedge Fund Launches: Northlight’s $100 Million Middle Market Loans Fund
New York (HedgeCo.net) – Hedge fund adviser and private equity debt investment manager, Northlight Financial LLC, has announced the formation of Northlight LP, a limited partnership that will provide asset backed loans to middle market companies, acquire whole loans in the secondary […]
SEC Extends Deadline for Currently Unregistered Investment Advisors
Rothstein Kass – The U.S. Securities and Exchange Commission (SEC) extended the registration deadline for currently unregistered investment advisors to March 30, 2012. In addition, the SEC adopted rules to implement Title IV provisions of the Dodd-Frank Act relating to […]
Institutional Investor’s 9th Annual Hedge Fund Industry Award Winners
The Institutional Hedge Fund Firm of the Year award was given to Appaloosa Management (the main fund was 10% YTD and the Thoroughbred fund 8% as at end-February). The Emerging Hedge Fund Firm award was won by Hutchin Hill Capital. The […]
Hedge-Fund Founders Eye N.J. Schools
WSJ – A new group backed by two hedge-fund founders is taking aim at New Jersey’s largest teachers union. Better Education for Kids wants to end the use of seniority in teacher-hiring decisions, implement an effective teacher-evaluation system and weaken tenure. […]
JPMorgan flexes muscle with European hedge funds
Reuters – JPMorgan Chase & Co took a big step in expanding its footprint in the global prime brokerage business on Wednesday by launching complete prime services for European hedge funds. Since the financial crisis three years ago when hedge […]