Yearly Archives: 2005

BOSTON (Reuters) – A prominent consulting firm that sent clients into the collapsed Bayou hedge fund said it was blinded by the managers’ bold lies, but pledged to stay in business after reviewing how it evaluates funds for clients. “We […]

BOSTON, Sept 29 (Reuters) – U.S. financial regulators on Thursday charged a Massachusetts hedge fund manager illegally earned $750,000 by trading on information that a local bank planned to acquire a competitor last year. The U.S. Securities and Exchange Commission […]

( www.gamasutra.com ) – Struggling publisher Majesco, which mostrecently announced a calamitous third quarter loss of $38.6 million, as an aggressive expansion into higher budget full-price games backfired, is now under attack from hedge fund and previousinvestor Trinad Capital Master […]

ANNANDALE, Va. (MarketWatch) — It’s time to demystify hedge funds. For too long, individual investors haven’t only regarded hedge funds to have almost magical powers to make money; they’re also usually considered out of reach to all but the super-rich. […]

IPE.com 30/Sep/05: UK – Barclays Capital says it has hired Gavin Orpin from PSolveAsset Solutions for its UK Pensions Solutions team. Orpin was one of nine principals at PSolve, the investment consultancy owned by South Africa’s SanLam Financial Services which […]

Business-times—Malaysia – New York, Fri:  Morgan Stanley and Credit Suisse First Boston (CSFB) were ranked No 1 and No 2, respectively, in providing quality prime brokerage services to hedge funds, a survey showed. The survey, conducted by Alpha magazine, a hedge […]

(www.ft.com) Financial Times – It’s like entering Brigadoon,” says a friend as we drive through the gates of Judy and Michael Steinhardt’s 55-acre estate inWestchester, New York, one misty summer day. “An almost mystical experience.” To me, it is more […]

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 […]

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 […]

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 […]

( 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 […]

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 […]