Monthly Archives: August 2012
Judge keeps bail for Conn. ex-hedge fund adviser
Boston.com – A judge declined to revoke bail Friday for a former Connecticut hedge fund adviser awaiting sentencing for a major fraud scheme. Prosecutors had said Francisco Illarramendi failed to disclose a tax refund despite an asset freeze. He pleaded […]
Ryan Reich, Ex-Barclays Trader Fired For Libor Emails, ‘Has Cooperated’ With Feds’ Probe, Email Says
Reuters – A former Barclays Plc trader who was fired by the bank for sending inappropriate emails about Libor “has cooperated” with the federal criminal probe into the alleged rigging of international benchmark interest rates, according to the New York […]
Rules for investing in unregulated products
Personal Finance – This guest column is written by Ian Hamilton, the founder and chief executive of the IDS Group, a specialist administration company that administers over R60 billion in hedge funds, private equity and unit trust funds. Hamilton warned […]
Smaller hedge funds outperformed their bigger rivals: hedge fund news, week 32
Opalesque – In the week-ending 10 Aug 2012, it was reported that former Citadel credit chief Chris Boas was reported to be planning to launch a new hedge fund; commodities hedge fund Armajaro Asset is set to launch a fund […]
Hedge Funds Reduce Wagers After Longest-Ever Rally: Commodities
Reuters – Hedge funds trimmed bets on a commodity rally for the first time in nine weeks as signs of U.S. growth and speculation that central banks will do more to stimulate economies drove prices to a three-month high. Money managers […]
Hedge funds unwind European positions against equities
Gulf News – Hedge funds that base investment decisions on economic trends are unwinding bets against European stocks at the fastest pace in three years, speculating policy makers will step up the fight against the debt crisis. The degree by […]
Deal Making in Hong Kong, Distracted by Debauchery ‘$upercapitalist,’ Hedge Fund Trader in Hong Kong
NYT – The brainchild of the actor and producer Derek Ting (who wrote the script with Mr. Yin and countless others), this dollar-driven drama focuses on Conner (Mr. Ting), an uncannily prescient Asian-American hedge fund trader dispatched to Hong Kong […]
Citi Sells 500 Troubled Mortgages To Return-Hungry Hedge Funds
Forbes – Here’s one free-market solution to the housing crisis: Keep troubled borrowers in their homes by turning their homes into rental properties. Citi announced today launched a program for homeowners facing foreclosure. The pilot program is being tested in Arizona, […]
BNY Mellon named largest hedge fund UCITS administrator for second consecutive year
New York (HedgeCo.net) – Hedge fund admin giant BNY Mellon, has seen its Alternative Investment Services (AIS) business named as the largest global administrator of alternative UCITS funds in the second annual administration survey by Absolute UCITS publication. This is the second […]
Hedge fund enables insurers to capitalise on bank deleveraging
Risk.net – Hedge fund manager Tenax Capital has raised €250 million (£197 million) from insurers in a fund that invests in corporate bonds and loans that banks are seeking to offload. Tenax is seeking to take advantage of the de-leveraging […]
SS&C Technologies announced record revenues of $120.9 Million
New York (HedgeCo.Net) – Hedge fund tech provider SS&C Technologies Holdings, Inc., announced record revenues of $120.9 million. “I am delighted to report that our second quarter revenue of $120.9 million rose 31.6 percent year-over-year,” said Bill Stone, Chairman and Chief […]
Veritas – How gating funds in the crisis benefited hedge fund allocators
Investment Europe – The en masse gating of money in hedge funds during the global financial crisis caused more bad feelings than the asset management industry had seen for years. It also achieved three main goals. Only one of them […]