Monthly Archives: August 2011
Hedge fund manager Skowron might plead guilty
Reuters – Former FrontPoint Partners hedge fund manager Dr. Joseph “Chip” Skowron might be preparing to plead guilty, a court filing showed on Tuesday. Skowron, who is free on $6 million bail, was one of the more prominent investors to […]
Investing in Hedge Funds with ETFs
Investing Daily – According to the limited publicly available information on hedge fund performance, 2011 has been a less-than-stellar year for the industry. The Barclay Hedge Fund Index–which is maintained by a private company not affiliated with Barclays Bank–shows that […]
Ex-Maverick Mehta’s Steadview eyes $100 mln after 92 pct return
Reuters – Steadview, a hedge fund seeded by former Goldman Sachs (Asia) chairman Mark Schwartz, sees its assets tripling to $100 million in the next year as its strong performance is expected to draw investors, founder Ravi Mehta said. The […]
Bank of America CEO Moynihan to appear before hedge fund investors
Fierce Finance – Like politicians who feel they do not get a fair deal from the media and try to go straight to the public, will more executives try to bypass analysts and go straight to investors? It’s common for […]
US hedge fund ups PGC stake
Business day – Californian hedge fund Baker Street Capital has leaped to 19.78 per cent ownership of old Canterbury firm Pyne Gould Corporation this afternoon. The hedge fund, formed in 2009 and based in Los Angeles, has been building a stake […]
CT swindler accepts lifetime ban
Hartford Business – Admitted Ponzi swindler Francisco Illarramendi has agreed to a permanent ban from the securities industry, authorities say. The Securities and Exchange Commission announced Wednesday its acceptance of Illarramendi’s offer to agree to the lifetime ban. The New Canaan […]
Australian stockmarket capitulates as hedge funds dump bank stocks
WSJ – The Australian sharemarket dived to a 13-month low in volatile trading today despite Wall Street’s rise on hopes of further monetary stimulus measures by the US Federal Reserve. Offshore hedge funds were heavy sellers of Australian banks, while […]
BHA Hedge Fund Investor Research
New York (HedgeCo.net) – Despite fears over the European debt crisis, many investors ramped up their hedge fund allocations during the second quarter, according to the Brighton House Associates Q2 2011 Research Report. Wealth advisors were among those who increased […]
Soros serves as warning to mutual-fund investors
MarketWatch – There was a lot of speculation this week about the reasons why legendary money manager George Soros is shutting down his hedge fund and sending investors their money back. Some said the 80-year-old Soros — who has run […]
Indonesian Businessman Sues Citibank Singapore for $17 Million
Jakarta Globe – An 88-Year-Old Indonesian businessman has sued Citibank for at least US$17 million (S$20.5 million) after he suffered investment losses. Ie Seng Hoan, who is in the textile business, is suing through his investment vehicle, Zhen Yin Company, which […]
Diggle’s New Hedge Fund Bets on Volatility as Crisis Shifts to Public Debt
Bloomberg – Stephen Diggle, the Singapore-based hedge fund manager who made $2.7 billion for investors as markets see-sawed in 2007 and 2008, is betting on price swings in government debt, currency and commodity markets amid concern that the debt crises […]
Don Steinbrugge On The Health Of The Hedge Fund Industry
Bloomberg – In a interview with Lisa Murphy of Bloomberg Television’s “Fast Forward,” Don Steiebrugge, managing partner of Agecroft Partners LLC., spoke about the health of the hedge fund industry and areas of the market most sophisticated investors are focused on. […]