Monthly Archives: September 2011
U.S. probes hedge funds for insider trades
MarketWatch – The Securities and Exchange Commission has issued subpoenas to hedge funds and other financial firms as part of an investigation of alleged insider trading ahead of the Standard & Poor’s downgrade of its U.S. sovereign credit rating, The […]
Hedge Funds Cut Bullish Bets on Commodity Prices Amid “Contraction Fear”
Bloomberg – Funds cut their bullish bets on raw materials for the first time in five weeks on speculation that demand for food, fuel and metals will decline as the European debt crisis deepens. In the week ended Sept. 13, […]
Obama, Jobs and the G.O.P.
The New Yorker – There is no truer truism in American politics than James Carville’s catchphrase from the 1992 election “It’s the economy, stupid.” When people discuss Barack Obama’s current approval rating, which is at its lowest level ever, they […]
Institutions drop funds of funds for direct hedge fund investments
Pensions & Investments – Institutional investors continue to increase their allocations to hedge funds, but their buying patterns are much different than they were just a year or two ago. Gone are the days when new hedge fund investors automatically […]
Hedge Fund Boxer Hall Says Gold to Extend Gains: Commodities
Bloomberg – Gold, platinum and Brent oil will lead gains in commodities as investors seek to protect their assets and shortages emerge, according to Tony Hall, the hedge- fund manager who earned 33 percent for his clients this year. Gold […]
Dow Jones Credit Suisse Hedge Fund Index fell 2.30% in August
New York (HedgeCo.net) – Hedge funds generated negative performance in August, falling 2.30% for the month versus a loss of 7.69% for the Dow Jones Global Index. “The Dow Jones Credit Suisse Hedge Fund Index fell 2.30% in August, although […]
Banks under new pressure as ‘rogue trader’ loses $2bn
Guardian – Staff were said to be stunned as Adoboli and his colleagues were regarded as “stars” by their colleagues and top management.ETFs are complex financial instruments that comprise a basket of investments intended to mimic a market’s movements. They […]
Admitted insider handed 18-month prison term
Reuters – A former account manager at a semiconductor company who pleaded guilty in the government’s campaign against insider trading was sentenced to 18 months in prison on Thursday. Manosha Karunatilaka, 37, had previously pleaded guilty in Manhattan federal court […]
Hedge funds must continue to defend against suit by Madoff trustee
Reuters – Two investment funds that allegedly received over $30 million from Bernard Madoff’s firm have lost their bid to overturn a New York bankruptcy court’s refusal to dismiss trustee Irving Picard’s avoidance suit. U.S. District Judge Kimba M. Wood […]