Monthly Archives: June 2011
Five Things Obama Can Do to Win Hedge Funds
CNBC – President Barack Obama is trying to win back Wall Street executives and hedge fund managers. In the 2008 election campaign, Obama enjoyed broad support from Wall Street. Even many executives who usually support Republican candidates were backing Obama […]
NY jury convicts 3 in NYC hedge fund trial
Forbes – The second trial to result from a massive investigation into insider trading at hedge funds ended Monday with the conviction of a trio of Wall Street traders on charges they paid hefty bribes to coax confidential information out […]
Marijuana IPOs Provide Investors With Gateway to Cannabis Boom
Bloomberg – In an industrial section of Oakland, California, former Morgan Stanley investment banker Derek Peterson hops into a trailer being outfitted with shower drains, lights and humidifiers, all used for growing marijuana. “This is one we’re finishing up, what we […]
Hedge Fund Launches: Access Fund Management’s New SMAs
New York (HedgeCo.net) – Hedge fund investment adviser Access Fund Management, LLC (AFM), is now applying their expeience in hedge fund manager selection and portfolio optimization to their new Separately Managed Accounts (SMA) of mutual funds, launching the Access Alpha […]
Hedge Fund Acquisitions: Wedbush/Lime
New York (HedegCo.net) – Los Angeles -based hedge fund manager Wedbush Inc,. is in the process of acquiring Lime Brokerage, a provider of high-speed, high-volume trading technologies, according to the Securities Technology Monitor. “Lime has long been viewed as a […]
Prince William Helps Hedge-Fund Charity Raise 17 Million Pounds
Bloomberg – Prince William and the Kings of Leon helped Absolute Return for Kids raise 17.2 million pounds ($28.1 million) at the charity’s 10th annual dinner in London last night, a sign that the hedge-fund industry continues to recover from […]
Obama Seeks to Win Back Wall St. Cash
NYT – A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room. The guests were asked for their thoughts on how to speed […]
Huston Hedge Fund Manager Convicted For Fraud
New York (HedgeCo.net) – Houston-based hedge fund manager Adley H. Abdulwahab, was convicted over the weekend by a federal jury for his role in a $100 million hedge fund fraud scheme with more than 800 victims across the United States […]
Brazilian hedge funds trounce competition
Washington Post – They arrive every week, in ones and twos and groups of 10, some of them coming straight from Sao Paulo, Brazil’s international airport. These investors head for the dark-wood halls of Credit Suisse Hedging-Griffo as supplicants, asking […]
Cayman to tax, regulate hedge funds
Opalesque – The government of the Cayman Islands on Friday announced a new taxation system for certain “master fund” hedge funds that are registered in the country, and at the same time, vowed to regulate the sector through the Cayman […]
Hedge Funds Stalk Yankee Stadium Parking
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. Monarch Alternative […]
UCITS Hedge Fund Strategy Index loses -0.26% in May 2011
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index continues it’s up and down performance in 2011 and reports a loss of -0.26% in May. After a loss of -0.21% in the first week of trading the broad […]