Monthly Archives: April 2011
Rajaratnam trial jury focuses on more phone taps
Reuters – For the second day running, jurors at hedge fund manager Raj Rajaratnam’s insider trading trial asked to listen to replays of some of the secretly-recorded phone conversations at the heart of the government’s case. The request on Wednesday […]
7 Hedge Funds Hurt in Alleged Longtop Financial Technologies Fraud
Business Insider – Longtop Financial Technologies went down 25% during the past couple of days after a report by Citron Research alleged that every financial statement coming from LFT is fraudulent. Here are the seven hedge funds that have the […]
Robin Hood Movement: Hedge Funds & the Public Good
New Haven Advocate – We live in a very, very rich country. Yet we are utterly consumed by the hysteria that we’re broke. Historians are certain to look back at this period and wonder why the richest country in history […]
Hedge Fund Group Appoints Brazil Director As Asset Base Booms
Dow Jones – A London-based hedge fund association has appointed a Brazilian representative to boost hedge fund business in Brazil, where the industry already has some $30 billion under management and is notching up double-digit annual growth. Michelle Noyes, of […]
OpEd: Estate Planning with Hedge Fund Performance Allocations (part one)
New York (HedgeCo.net) – By hedge fund specialist law firm Holland & Knight partner Bradley M. Van Buren. As the economy improves, advisors have experienced a reemergence of hedge funds and hedge fund managers are again focused on their performance […]
Mergers And Acquisitions: Dow Jones/LSP Partners
New York (HedgeCo.net) – Hedge fund industry expert, Dow Jones Indexes, has teamed up with risk management research firm, LSP Partners LLC., to develop and co-brand an index family. Scheduled to be launched in the second half of 2011, the […]
People Moves: Baudouin, Geiser, Godek, Kranz, Reidy and Book
Aon Risk Solutions, the global risk management business ofAon Corporation appointed Christopher Baudouin as chief executive officer of the Aon Global Client Network. Gryphon has hired Bart Geiser as VP of Sales. He specializes in helping Fortune 500 clients develop differentiating consumer […]
E*trade says Citadel selling 27.5 million shares
Reuters – E*trade Financial Corp said on Monday that hedge fund Citadel LLC plans to further cut its stake in the U.S. online broker. Citadel Equity Fund Ltd is selling 27.5 million shares in an offering underwritten by Morgan Stanley. E*Trade […]
This New York Investment Banker Just Paid $5000 For A Cab Ride From New York To L.A.
Business Insider – An investment banker called John Belitsky and his pal Dan Wuebben, who decided on a whim almost two weeks ago, to travel — by cab — from New York to Los Angeles. Belitsky’s father had been a […]
Hedge Funds Buy Gold & Silver, Sell Euro & Tech
Barron’s – Hedge funds and other large speculators were buying precious metals last week while selling tech and euro futures, according to Bank of America (BAC) Merrill Lynch. The report found that large hedge fund positions moved out of the […]
Fraudulent Beverly Hills hedge fund caught before it attracted investors, SEC says
Washington Post – The SEC is still trying to live down the Bernard Madoff affair, in which it failed to stop a $65 billion fraud. But if the agency’s allegations in a recent enforcement case are true, it just notched […]