Monthly Archives: June 2010
RIM Volatility Rises as Hedge Funds See Apple, Google Threat
Bloomberg – BlackBerry maker Research In Motion Ltd.’s stock has become twice as volatile as rivals’ around earnings announcements as investors look for evidence the company will keep pace with Apple Inc. and Google Inc. RIM, which reports fiscal first-quarter […]
Schroders Buys 49% Stake In Hedge Fund Group RWC
Dow Jones -Schroders PLC Tuesday said it is taking a 49% stake in London hedge-fund operator RWC Partners Ltd., in the latest effort by a traditional stock and bond fund manager to boost its exposure to higher-fee hedge funds. Schroders […]
Inflows steady Polar assets in choppy markets
Reuters – Hedge fund firm Polar Capital said client inflows helped steady its assets in recent choppy markets, adding volatility could continue as it reported full-year profit at the top end of expectations. Polar’s assets under management were steady at […]
Small Investors Embrace Hedge Fund-Like Strategies
BusinessWeek – With the economic recovery recently turning bumpy, investors have grown wary of downside risk in their investment portfolios and are increasingly willing to give up some returns in exchange for protection from those risks. Volatility spiked in May, […]
Volcker Rule Under Attack as Lawmakers Seek Hedge Fund Loophole
Bloomberg – Senate negotiators will probably offer changes today that would soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients. The compromise, designed to win the support […]
UCITS Hedge Fund Database Launched
New York (HedgeCo.net) – Eurekahedge has launched a UCITS Hedge Fund Database and Index, covering 600 funds and representing more than $100 billion in assets. Overall assets in UCITS hedge funds edged up by nearly 15% since the start of […]
Alleged Mobster Charged In Staten Island Hedge Fund Fraud
New York (HedgeCo.net) – Nine more people have been charged in connection with the Gryphon Holdings Inc. case, where federal prosecutors allege a $20 million hedge fund scam, according to Staten Island Live (SIlive). Among the nine charged yesterday is […]
London Hedge Fund Trader Faces Jail Time
New York (HedgeCo.net) – A UK hedge fund trader pled guilty of conspiracy to commit insider trading in a London court yesterday, according to the Associated Press. Anjam Ahmad, 39, is out on bail but faces jail time. “I can […]
Blackcube establishes first hedge fund
Belfast Telegraph -Northern Ireland’s first hedge fund has been launched in Co Down by a new financial services group. A trading floor has been set up at the Holywood headquarters of the Blackcube Group, consisting of Blackcube Capital LLP and […]
Ex-Citi trader Hall raises $1 bln for hedge fund
Reuters – Former Citigroup trader Andrew Hall, who became a lightning rod for criticism over excessive Wall Street bonuses last year, has raised $1.08 billion for an offshore commodities hedge fund. The Westport, Connecticut-based fund, Astenbeck Offshore Commodities Fund II […]
Harvard’s Former Quarterback Priore Now Faces SEC Fraud Suit
Bloomberg – The SEC’s complaint centers on mortgage-backed securities, and the agency alleges that some fraudulent trades were made to meet a margin call. In a March 2007 interview with Bloomberg Television, Priore was already anticipating a reversal in the […]
Bank Lobbyists Make a Run at Reform Measures
NYT – As Congress rushes this week to complete the most far-reaching financial reform plan in decades, the banking industry is mounting an 11th-hour end run. Industry lobbyists — and sympathetic members of Congress — are pushing for provisions to […]