Yearly Archives: 2005

A hedge fund whiz kid who bragged publicly that his fund’s sky-high returns let him fly around in private jets and buy a new Lamborghini was in fact running a classic Ponzi scheme, the Securities andExchange Commission charged yesterday. Regulators […]

U.S. financial regulators charged the founders of a $12.9 million (7.4 million pound) hedge fund with fraud on suspicions they stole roughly half of the money from roughly 80 investors to spend onthemselves. The U.S. Securities and Exchange Commission said […]

Washington Post – A former stock broker with Friedman, Billings, Ramsey Group Inc. was fined $125,000 and barred from the securities industry, the latest in a string of former FBR executives and clients entangled in a 2001 private stock placement […]

Northwest Herald – There is nothing like a bull market to fuel a bull market. Just look at the interest in gold, which has soared to 25-year highs in recent weeks, and in gold-mining stocks. It has been hard to […]

Hartford Courant – A hedge fund manager from Weston pleaded guilty Wednesday to manipulating the price of two biotechnology stocks by concealing his massive purchases of those stocks and lying to the companies, other investors and federal regulators. Scott Sacane […]

Venezuelan President Hugo Chavez is using record revenue from oil profits to purchase bonds from Argentina’s government. Chavez, seeking to embarrass the United States, stepped in for the purchase after the two biggest U.S. banks, Citigroup Inc. and JPMorgan Chase […]

LONDON, Dec 21 (Reuters) – Hedge fund returns next year could be up on 2005 as volatility picks up, but investors looking for stellar double-digit returns should steer clear of the industry, analysts said. However, for those aiming to diversify […]

NEW YORK (CNNMoney.com) – What’s in store for hedge funds in the coming year? How about more money … and more scrutiny from regulators and investors. Such funds — private investment pools catering to wealthy investors and employing a variety […]

Business Week Online – Derek Izuel, portfolio manager of the $409 million AIM Global Equity Fund/A (GTNDX ), says he is always looking for ways to improve the models that are the basis for his quant-driven portfolio. When Izuel joined […]

Wyoming News – America Online on Tuesday agreed to sell a 5 percent stake to Google Inc. in a $1 billion deal that deepens the ties binding two of the Web’s most popular sites while thwarting Microsoft Corp.’s efforts to […]

Reuters – Companies under attack by activist hedge funds should step up their defenses or face debilitating proxy and public relations losses, a leading corporate lawyer said this week. Marty Lipton, the Wachtell, Lipton, Rosen & Katz partner who is […]

MSNBC – When Icagen went public in February, the company drew interest from a relatively new breed of investors: hedge funds. Several of these investment firms, including Chapel Hill-based Silverback Asset Management, bought shares of the Durham-based biotech, quickly becoming […]