Monthly Archives: August 2012
Busson Talking Tie-Ups Shows Decline of Hedge-Fund Middlemen
(Bloomberg) — On a Thursday night in May, Arpad Busson danced atop a white sofa, a cigarette in his hand, as the Pet Shop Boys performed their 1980s hit “West End Girls” at his annual hedge-fund charity gala in London. […]
Hedge Funds Elliott, Baupost, York Capital Lag Broad Market
WSJ – Several of the hedge-fund industry’s biggest names have been underperforming the broad market, underlining the difficulties investment managers–even experienced ones–faced in the second quarter as they grappled with recurring concerns over Europe and sputtering global economic health. Elliott […]
State officials say Jersey City hedge fund, execs bilked investors out of millions
NJ.com – They told would-be investors it was a hedge fund for the “little guys” and the “moms and pops.” But in reality, authorities said, the Jersey City investment firm Osiris Fund L.P. was little more than an elaborate fraud […]
Porsche fails to halt U.S. hedge fund lawsuit
(Reuters) – A New York state court has rejected a motion by Porsche SE to dismiss a $1.4 billion-plus lawsuit brought by 26 hedge funds alleging fraud and unjust enrichment stemming from its trading in Volkswagen’s shares four years ago. […]
Hedge Fund Launch: QAM Equity Hedge ETF
New York (HedgeCo.Net) – AdvisorShares, a sponsor of actively managed Exchange Traded Funds (ETFs), has launched the QAM Equity Hedge ETF The new fund is open for trading today, Wenesday, August 8, 2012. QEH is sub-advised by Commerce Asset Management, […]
Singapore regulator modifies hedge fund rules
Hedge Funds Review – Singapore’s regulator has finalised amendments to hedge fund rules that took effect from August 7. Changes concern the licensing, registration and business conduct of fund management companies. Singapore’s financial regulator has published final rules enacting changes […]
Hedge Fund Fight Over Madoff Claims Shows Contract Woes
BusinessWeek – Hedge funds Perry Capital LLC and Solus Alternative Asset Management LP are fighting over whether they had a contract when they agreed to trade $195 million of claims on Bernard Madoff’s bankrupt firm, amid rising prices on the […]
Lawsuit threatens GM, firm says
Windsor Star – The new General Motors Co. could be undone by a lawsuit that pits general creditors against hedge funds including Elliott Management Corp. and Fortress Investment Group LLC over $3 billion, the car company said in a lawsuit […]
Sometimes Hedge Fund Associates Would Rather Bake Muffins
Observer – Ben Gifford graduated from Dartmouth in 2010. He sought work teaching in Asia, but those kinds of jobs don’t exactly grow on trees, so he went to work for Bridgewater Associates. But life at the $125 billion hedge […]
Hearing set in hedge fund case
CTpost – With a sentencing date in hand, a federal prosecutor is pressing forward with a bond revocation hearing for Francisco Illarramendi, the wealthy owner of a group of Stamford-based hedge fund involved in a Bernard Madoff-like Ponzi scheme that may have […]
Antitrust Suit Against CME Group Gets Judge’s Go-Ahead
Reuters – A federal judge in Chicago is allowing an eight-year-old antitrust lawsuit against CME Group Inc. to go forward, re-opening a particularly acrimonious chapter in CME’s battle for dominance in the lucrative U.S. futures markets. U.S. District Court Judge […]
Witness For Whitman Prosecution Tells Of Her Hedge Fund Insider Trading Involvement
New York (HedgeCo.Net) – Roomy Khan, a government co-operator in the biggest hedge fund insider trading conspiracy in US history, spoke yesterday at the trial of San Francisco hedge fund manager Doug Whitman who stands accused of making almost $1 million using insider tips […]