Monthly Archives: June 2010
Founder says Lionsgate’s Burns has conflict of interest in Hollywood Stock Exchange/Cantor Exchange
Hedge Tracker – The chance to turn your virtual cash into the real thing on the Hollywood Stock Exchange is set to begin at the end of June. The futures market regulator, the CFTC, is moving forward on approving trading […]
Comey Leaving Lockheed for Hedge Fund
MJ – James Comey, the former Deputy Attorney General who in 2004 infuriated the White House by refusing to along with the Bush administration’s warrantless domestic eavesdropping program, is stepping down as general counsel and vice president at Lockheed Martin […]
Credit Suisse: Hedge Funds Post Negative Returns in May
New York (HedgeCo.net) – Hedge fund performance was negative across most strategies in May, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “The Credit Suisse Liquid Alternative Beta Index (CSLAB) generated negative performance in […]
Wall Street Sees Sales Flaws After SEC Goldman Suit
BusinessWeek – Wall Street’s biggest firms are considering the suitability of selling opaque financial products to governments, endowments and not-for-profit institutions after the contracts magnified credit-market losses that plunged the U.S. into a recession. “There is no distinction among very […]
“Hedge Fund Manager” on the Run From FBI Arrested in Poland
New York (HedgeCo.net) – An American fugitive, Alexsander Efrosman, also known as Alex Besser, has been arrested in Krakow, Poland, the Associated Press reports. The Polish police arrested the Staten Island “hedge fund manager”, who is wanted by the FBI […]
G20 progress on financial regulation
Reuters – Finance ministers from the G20 group of industrial and emerging countries meet in Busan on June 4-5 to review pledges made in 2009 to strengthen regulation and learn lessons from the financial crisis. The focus is on the […]
FSA Investigates Gartmore Star Manager
WSJ – Gartmore Group said U.K. regulators are investigating Guillaume Rambourg, a star manager the firm suspended and then reinstated earlier this year after he broke internal trading rules. The announcement sent the London-based asset manager’s shares sharply lower Tuesday, […]
Rosseau LP Ranked No. 1 Event Driven Hedge Fund in the World over the past 5- and 10-year periods
Press Release – Rosseau Limited Partnership was ranked the # 1 Event Driven Hedge Fund globally by BarclayHedge for both the 5- and 10-year periods ending December 31, 2009 with average annual compound rates of return of 25.27% and 21.47%, […]
U.S. hedge funds lick wounds after May market mayhem
Reuters – Not much of anything worked for investors in May, including those known to be the savviest of the bunch. BP’s failure to stop oil from gushing into the Gulf of Mexico caused tumult in the commodities markets. U.S. […]
Hedge Fund Study Welcomes Robust Regulation Planned By EU
WSJ – New hedge fund research finds investors chase performance at all costs irrespective of the risks involved and that the introduction of strict regulation by the European Commission should be welcomed to protect investors and prevent systemic risk. The […]