Monthly Archives: September 2005
What happened at Bayou
NEW YORK (CNN/Money) – Investors in Bayou Group, whose top executives pleaded guilty to orchestrating a $450 million fraud Thursday, are undoubtedly wondering how they could’ve gotten sucked in by the Connecticut hedge fund shop. Founder Samuel Israel III and […]
SEC charges hedge-fund manager with insider trading
BOSTON –The Securities and Exchange Commission charged a Massachusetts hedge-fund manager, a former Citizens Bank employee and three other defendants with trading on advance knowledge of Citizens Financial Group Inc.’s 2004 announcement that it was acquiring Charter One Financial Inc., netting […]
Carving Up Citi?
NEW YORK – Yet another hedge fund manager has gone tilting at windmills, this one calling for the break up of Citigroup into four distinct publicly tradedcompanies. The idea (or dream, more like) is not lost to investors, who have […]
2 hedge fund execs plead guilty to charges
( www.businessweek.com ) – WHITE PLAINS, N.Y. Sep 29, 2005  The founder and the chief financial officer of a beleaguered hedge fund each pleaded guilty to conspiracy and fraud charges Thursday for their roles in a scandal that allegedly cost investors […]
European schemes shun hedge funds – Greenwich
IPE.com 29/Sep/05: EUROPE – European pension funds have not followed through onexpectations that they would increase their use of hedge funds and private equity, according to new research from Greenwich Associates. “Many institutions have been talking quite forcefully about venturing […]
Systeia Capital Management announces changes to the management team of Futures and Global Macro Strategies
Paris, 29 September 2005 – Following the launch of a new hedge fund strategy called “Global Macroâ€Â, Systeia Capital Management, a hedge fund manager based in Paris, announced three internalappointments: Joël Gross has been promoted to the position of Futures’ […]
Judge hedge funds on risk-based returns
LONDON (Reuters) – Investors fret that hedge fund returns will again this year fall short of equity returns, but analysts say bare comparisons are inappropriate without taking relative risk into account. Hedge fund returns are usually more consistent and less […]
Decillion to sell all assets, de-list from the JSE
(www.iafrica.com) Thursday, September 29, 2005 – Following the substantial restructuring of its business and the sale of some operations, listed niche financialservices group Decillion now plans to dispose of its remaining businesses and assets, distribute the proceeds to shareholders and de-list from […]
Copper peak? due to hedge funds?
(Financial Times) Copper prices reached a fresh nominal high yesterday, on the day that Kazakhmys, a Kazakh copper miner, announced plans to list on the London Stock Exchange. Analysts said the rise was driven by hedge fund buying prior to […]
Getting used to hedge funds
As more SA pension funds are considering whether to include hedge funds in their investments, it is useful to see the attitudes of their international counterparts in the recent KPMG report, “Hedge funds: a catalyst reshaping global investments”. In many […]
New Robertson-backed fund tests liquidity theory
NEW YORK (Reuters) – Liquidity theory, which presupposes that markets gain or lose on changes to the sum of outstanding shares, is getting a live market test through a new hedge fund set up by its promoter, Charles Biderman. The […]
Hedge fund puts pressure on A. Schulman to sell
BOSTON, Sept 28 (Reuters) – A group of hedge funds headed by Barington Capital Group wants plastics company A. Schulman Inc.(SHLM.O: Quote, Profile, Research), whose shares have lagged the broader market for years, to sell itself to boost its stock […]