Monthly Archives: September 2011
Malloy targets hedge funds as key players in state’s economy
New Times – Job creation is high on Gov. Dannel P. Malloy’s agenda, and the hedge fund industry in Fairfield County plays a key role in his efforts. Malloy, who knows the industry well through his 14 years as mayor of Stamford, […]
A Gold Rush Wanes as Hedge Funds Sell
NYT – For the better part of the last two years, some of the world’s biggest hedge funds have been piling into gold, betting the precious metal would provide an effective hedge against inflation or be a safer place to […]
Hedge Fund Sues Morgan Stanley Over Sino-Forest Options Deal
Bloomberg – Hedge fund Oasis Management LLC sued Morgan Stanley for C$9.5 million ($9.3 million) over options in Sino-Forest Corp. bought before the Toronto-listed timber company’s stock plunged 71 percent in two days in June. Morgan Stanley failed to settle the options […]
Stock markets tumble after Operation Twist … and doubt
Guardian – Stock markets tumbled on Thursday and the pound slumped to a one-year low against the US dollar as investors took fright at a gloomy warning about the world economic outlook from the US central bank. The US Federal […]
Nuclear Firm Entangled In Connecticut Ponzi Case
Dow Jones -The father of a Connecticut hedge fund manager who pleaded guilty in March to running a Ponzi scheme involving hundreds of millions of dollars is battling a court-appointed receiver for control of a nuclear power firm that wound […]
Expert consultant convicted of insider trading
Wall Street Journal – A former expert consultant to hedge funds on Tuesday became the latest man to be convicted in a wide-ranging prosecution of insider trading on Wall Street. James Fleishman, 42, of Santa Clara, Calif., was convicted of […]
Gold bug turned bear strikes lone pose
Economic Times – After gold’s 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year’s biggest bullion conference. […]
Hedge Funds Raise Oil Wagers Most Since March
Bloomberg – Hedge funds raised bullish bets on oil by the most since March as a tropical storm curtailed production in the Gulf of Mexico. The funds and other large speculators increased wagers on rising prices by 15 percent in […]
UCITS Hedge Fund Strategy Index Awards 2011
New York (HedgeCo.net) – After having launched the first index series to track UCITS funds applying hedge fund strategies back at the beginning of 2010, Swiss 2n20.com presented the UCITS HFS Index Awards for the first time. The awards were […]
Ex-JPMorgan prime broker starts hedge fund advisory
Reuters – A former prime brokerage executive at JPMorgan Chase & Co has set up a hedge fund advisory firm in Japan, betting on growth in alternative markets as Japanese investors seek higher returns than those offered by conventional investments. Stefan Nilsson […]
Hedge Funds Get Fast Start
Traders Magazine – Direct Access, an institutional firm that offers multi-asset trading and prime brokerage, now offers clients Paladyne Systems’ FastStart, a broker-neutral platform for hedge funds covering electronic trading, order management, pre- and post-trade compliance and automated reconciliation with […]
Hedge funds outperformed global markets by 5.29% in August
New York (HedgeCo.net) – September’s edition of The Eurekahedge Report takes an in-depth look at the Latin American hedge fund sector as well as Islamic fund sector, with our regular analysis of the industry’s perfomance to date in comparison with […]