Monthly Archives: August 2012
Hedge Funds Care “Behind the Hedges” Raises $60,000 For Child Abuse Awareness
New York (HedgeCo.Net) – About 150 hedge fund professionals turned up for the Hedge Funds Care “Behind the Hedges” cocktail party in the Hamptons last weekend. The event raised more than $60,000 for the charity, which gives grants to nonprofits […]
UCITS Hedge Fund Index Update
New York (HedgeCo.Net) – The UCITS Alternative Index Blue Chip is up 0.20% this week. The best performing strategies are Commodities (up 1.19%), Emerging Markets (up 0.98%) and Long/Short Equity (up 0.43%). The strategies posting losses this week are Volatility […]
Hedge Funds Getting Burned in Offshore Insurance
The Street – After earning Wall Street fame for making billions by buying protection against the U.S. subprime mortgage market, John Paulson’s newest foray into the world of insurance is off to a loss-making start as the hedge fund manager […]
Hedge Funds Care Cayman allocates $225,000 to local charities
CayCompass – Hedge Funds Care Cayman, a charity for the prevention and treatment of child abuse and neglect, has allocated a total of CI$225,000 in local grants to eight charities this year. The 2012 grantees include the Cayman Island Crisis […]
SEC Loses Civil Fraud Case Against Ex-Citigroup Manager Brian Stoker
Reuters – A former Citigroup Inc. manager was found not liable on Tuesday [July 31] of civil charges of misleading investors, a blow to regulators in one of the few fraud cases brought against a Wall Street executive over the […]
Wellcap Hedge Fund Founder Alan Schram Found Dead
New York (HedgeCo.net) – The manager and founder of Los Angeles-based hedge fund Wellcap Partners and regular SeekingAlpha and Huffington Post contributor has reportedly committed suicide by gunshot to the head, according to Business Insider. Alan Schram killed himself the day after “Real Housewives” husband Russell […]
New Rothstein lawsuit targets hedge fund families for $40M
South Florida Business Journal – The trustee overseeing the bankruptcy of Ponzi schemer Scott Rothstein’s law firm filed a new lawsuit Monday against executives of three hedge funds that invested in Rothstein’s fraud, and their family members. The suit seeks […]
Latest Trial Set to Begin in Insider Trading Inquiry
DealBook – A former salesman at a Silicon Valley research company is set to go on trial Wednesday on insider trading charges, the latest in the federal government’s sprawling investigation. Federal prosecutors have accused James Fleishman, who worked at Primary […]
Alphonse Fletcher’s Hedge Fund Found “Guaranteeing” 12% Returns, Colloquially
Business Insider – There are new revelations regarding Alphonse “Buddy” Fletcher’s hedge fund Fletcher Asset Management and its claims to investors, according the Wall Street Journal. Pension funds claim that Fletcher promised 12% returns “guaranteed” (the manager says he meant it […]
Invictus Platform Lets Hedge Funds Do Stress Tests on Banks
Advanced Trading – Invictus Consulting Group, LLC announced the launch of a platform designed to allow hedge funds to conduct their own stress tests on banks. The firm said the service will give banks a clear snapshot about whether a […]
Hedge Funds Most Bearish on Stocks Since ’08: Technical Analysis
San Francisco Chronicle – Bearish bets by hedge funds on Standard & Poor’s 500 Index futures increased to the highest level since before the financial crisis three years ago, Bank of America Corp.’s Mary Ann Bartels said. “Readings are a […]