Monthly Archives: June 2011
Gensler Evolving in Derivatives War Sees No Deed Go Unpunished
Gary Gensler, chairman of the Commodity Futures Trading Commission, took his seat before a Senate appropriations subcommittee on May 4 to make his case for a $106 million budget increase. Without the money, Gensler said, his agency wouldn’t be able […]
Billionaire fund manager sells all of Sino-Forest holding
Globe And Mail – Sino-Forest Corp.’s largest shareholder, the investment firm headed by billionaire U.S. hedge fund manager John Paulson, has bailed out, selling its entire position in the embattled forestry company. Mr. Paulson and his firm, Paulson & Co., […]
Hedge Funds Pare Bullish Peso Bets as Record Rally Fizzles: Mexico Credit
Bloomberg – Hedge funds and other investors are cutting their bullish bets on the Mexican peso by the most in 10 months on concern a slowdown in theU.S. economy will crimp demand for the Latin American country’s exports. Wagers on […]
Hedge Fund Expert-Networker Convicted in Insider Trade Case
San Francisco Chronicle – Winifred Jiau, a former consultant with expert networking firm Primary Global Research LLC, was convicted in the third trial to result from a U.S. government crackdown on insider trading tied to hedge funds. Jiau, 43, of Fremont, California, […]
Fixed income, mortgage-backed, hedge funds notch strong performance in 2011
Opalesque – One of only a handful of bright spots in an otherwise dismal month of May was the performance of fixed income hedge funds – mortgage backed funds in particular. The top three funds in this strategy, as ranked […]
WaMu Trust Preferred Holders Seek to Join Probe of Hedge Funds’ Trading
Bloomberg – A group of Washington Mutual Inc’s creditors, including Black Horse Capital, is seeking to join a probe of four hedge funds accused of using confidential data to trade in the debt of the bankrupt former bank holding company. Lonestar Capital […]
Hedge fund bosses cautious ahead of Monaco summit
Reuters – European hedge funds’ top executives will be in cautious mood this week as they gather in Monaco for their annual summit, after big losses in May took some of the shine off a year of inflows and strong […]
New Yorker Review: Preet Bharara on the Galleon Hedge Fund Trial
New York (HedgeCo.net) – The June 27, 2011, issue of The New Yorker, on page 42, “A Dirty Business”, George Packer, writes about the biggest insider-trading case in history, and has an exclusive interview with Preet Bharara, the United States Attorney for the […]
Altarius Asset Management launches Maltese hedge fund platform
Malta Independent – Altarius Asset Management, a Malta-based asset management company, has launched Paragon, a hedge fund platform aimed at small and medium-sized management companies. Paragon, a hedge fund platform aimed at small and medium-sized management companies, has been set up by […]
Northern Trust Launches Intraday Automated Updates for Hedge Fund Managers
New York (HedgeCo.net) – Northern Trust has enhanced its Hedge Fund Monitor product with a series of new features designed to improve automation and straight-through processing, enabling Northern Trust’s Funds of Hedge Funds (FoHF) clients across the globe to access performance, […]
Harbinger Says Wireless Venture Signed Sprint Deal
Philip Falcone’s hedge fund says its mobile-broadband start-up, LightSquared Inc., has signed a 15-year agreement with Sprint Nextel Corp. to jointly build and operate a planned new wireless network. The deal, disclosed in a letter to investors in Mr. Falcone’s […]
Hedge funds stalk Yankee Stadium parking lots by buying bonds
CTPost – Hedge funds specializing in distressed debt are buying municipal bonds backed by parking lots and garages at the new Yankee Stadium, which face a payment default as soon as next year, according to two people familiar with the purchases. […]