Monthly Archives: August 2011
Insider Trading Hedge Fund Lawyer Gets 3 Years
New York (HedgeCo.net) – Jason Goldfarb has been sentenced to three years in prison for passing information to a stock trader about mergers and acquisitions in exchange for $32,500 in cash bribes, Reuters reports. Goldfarb pleaded guilty on Friday to […]
Malta Hedge Fund Launch By Prestige Asset Management Ltd
New York (HedgeCo.net) – Prestige Asset Management has launched a new fund, the Prestige Equity Options, which is allocating to three trading advisors who between them manage $500 million. “All three use a combination of both long and short volatility […]
Hedge Funds Buying Corn to Silver to Soy After Commodities Futures Decline
Bloomberg – The rout that drove commodities to a nine-month low is proving irresistible to speculators anticipating that even slowing economic growth will cause shortages of raw materials. Oil has risen 8 percent since plunging 25 percent in the two […]
Citigroup’s Sutesh Sharma may quit to begin his own hedge fund
Business Standard – Sutesh Sharma, who heads a team of Citigroup Inc proprietary traders, intends to leave the company and start a hedge fund, two people familiar with the plan said. Sharma, 48, has held discussions with potential investors about […]
Hedge fund managers sifting through ‘busted’ credit for deals
Pensions and Investments – Hedge fund managers are rummaging through the world’s vast debt opportunities, looking for undiscovered sources of alpha in an overheated market plagued by high volatility and correlations that are much too close for comfort. Managers are […]
Hedge funds most bearish since July 2009
Economic Times – Bearish wagers against global stocks at hedge funds have surged to the highest level since July 2009 as the European debt crisis and reports showing an economic slowdown cause the biggest losses in almost three years. An […]
Hedge fund staff hit by Swiss franc rise
Telegraph – Hedge fund staff receive the bulk of their pay in dollars, but with the Swiss franc’s steady rise against the dollar – it has risen over 25pc in 18 months – many are seeing the real value of […]
Asian investors still ‘not embracing’ hedge funds
Opalesque – Reports are conflicting on Asia’s role in the development of the hedge fund industry as a whole. While there were studies, particularly from Singapore-based research firm GFIA claiming that Asia is now emerging as a hedge fund center, […]
Brokers redraw the relationship with hedge funds
Dow Jones – The relationship between a hedge fund and its prime broker is being squeezed on all sides. On one side, hedge funds have reduced leveraging activity, causing a squeeze on fees for their prime brokers, while at the […]
Hedge Fund Compliance: Dodd Frank Act Consulting Services Launched
New York (HedgeCo.net) – Birlasoft, the global IT services arm of the multi-billion dollar C K Birla Group, today announced its offerings in Dodd Frank Act compliance consulting space. Since the law was published in 2010, Birlasoft’s setup a domain […]
Super rich still making money in crisis
Reuters – Financial advisers to the world’s richest people report some of their top clients have continued to make money throughout recent market turmoil by harnessing sophisticated investments out of reach to mainstream punters. With equity markets plunging, most investors have […]
Hedge Funds Disclose Positions
Dealbook – John A. Paulson, the hedge fund manager at the helm of the mighty Paulson & Company, has been bleeding money this summer in his Advantage Plus fund, which was down 31 percent at last count. In no small […]