Monthly Archives: September 2012
Duet Hires Macquarie’s Dali To Start Emerging Markets Hedge Fund
Bloomberg – Duet Asset Management Ltd. has hired a Macquarie Investment Management LLC managing director to start a hedge fund to bet on macroeconomic trends in emerging markets. David Dali has been appointed chief investment officer of the Duet Emerging […]
Scarsdale woman sues hedge-fund executive husband, alleging he hid assets from her
The Gannet Journal – The estranged wife of a hedge fund executive is suing her husband in federal court after she says he hid assets from her in the Cayman Islands and engaged in a wide-ranging fraud to destroy a financial services […]
UPDATE: SEC Charges Poker Buddies With Hedge Fund Insider Trading, Guilty Plea
New York (HedgeCo.Net) – The SEC has alleged that Hyung Lim of Los Altos, Calif., received up to $15,000 and stock tips about a pending corporate acquisition for regularly providing a fellow poker player, Danny Kuo, with nonpublic details ahead of Nvidia Corperation’s quarterly […]
Larger hedge funds more resilient post financial crisis
Opalesque – Before the 2008 global financial crisis, smaller Asia-focused hedge funds generally outperformed their much larger peers. But this trend was reversed after the crisis with the exception of funds with assets between $200m and $500m, said GFIA’s latest Asia Note […]
Hedge Fund Manager Fined $2 million for Insider Trading
New York (HedgCo.Net) – Hedge fund firm Clay Capital Management has been convicted by a district court in New Jersey. It’s former Chief Investment Officer James Turner has been found guilty for his role in an insider trading scheme involving the […]
Hedge fund manager Einhorn scores 4.2 percent gain August
Reuters – Hedge fund manager David Einhorn had plenty to brag about on Tuesday after his Greenlight Capital gained 4.2 percent in August, thanks largely to a double-digit jump in Coventry Health Care’s stock price. Einhorn’s Greenlight Capital informed investors […]
Hedge Funds Turn Bearish on Previous Quarter’s Most Overweight Sector
Alpha Clone – Established hedge fund managers tracked by the AlphaClone Hedge Fund Long/Short Index distanced themselves from financial sector investments in the second quarter, representing a steep reversal from the previous quarter in which financials were the index’s most overweight sector […]
Scarsdale woman sues hedge-fund executive husband, alleging he hid assets from her
The Journal – The estranged wife of a hedge fund executive is suing her husband in federal court after she says he hid assets from her in the Cayman Islands and engaged in a wide-ranging fraud to destroy a financial […]
With Lax Regulation, a Risky Industry Flourishes Offshore
NYT – The hedge fund industry has been rushing headlong to open Bermuda-based reinsurers. Reinsurance, already something of a murky business, may become even more complicated as a result. And while the hedge funds are likely to profit, the question […]
SEC Charges California Man for Illegal Tips to Hedge Fund Manager
Latin America – The Securities and Exchange Commission charged on Tuesday a California man with illegally tipping a hedge fund manager with inside information about Nvidia Corporation’s quarterly earnings that he learned from his friend who worked at the company. […]