Author Archives: Editor
N.J.-Based Brokerage Firm Charged With Manipulative Trading
New York (HedgeCo.Net) – The SEC has charged the owner of a Holmdel, N.J.-based brokerage firm with manipulative trading of publicly traded stocks through an illegal practice known as “layering” or “spoofing.” The SEC also charged the owner and others for […]
SEC Announces Additional $150,000 Payment to Recipient of First Whistleblower Award
The Securities and Exchange Commission today announced that the whistleblower who received the first award under the agency’s new whistleblower program will receive an additional $150,000 payout after the SEC collected additional funds in the case. The whistleblower, who the […]
Hedge Funds Buy Crude as U.S. Gasoline Pump Prices Jump: Energy
Bloomberg – Fewer than three weeks into spring, oil speculators are already thinking about the summer. Hedge funds and other money managers boosted bullish wagers the most since February, betting that refineries will need to buy more crude to accelerate […]
Head of emerging market strategy at BNP Paribas to join hedge fund
FN – Bartosz Pawlowski, who joined BNP Paribas in 2009, is set to join emerging market-focused hedge fund Finisterre Capital as a portfolio manager in early May, according to two people familiar with the matter. Founded in 2002 and with around $1.7 billion under […]
Hedge Fund Seeks Assets in Nevada in Battle Over Argentine Debt
WSJ – Argentina’s dispute with creditors took a twist as a U.S. hedge fund in search of defaulted debt is seeking to seize assets allegedly owned by a close associate of Argentine President Cristina Kirchner and her late husband and […]
French regulator considers fining Elliott arm $55 million: reports
Reuters – France’s AMF stock market regulator is considering whether to fine the UK arm of U.S. hedge fund Elliott Management €40 million ($55 million) over allegations of insider trading and market manipulation relating to French motorway operator APRR, newspapers […]
Leveraged bets on rally by hedge funds will magnify sell-offs
Financial Post – Hedge funds are borrowing record amounts of money to fund bets that stock markets will continue rising, creating conditions that could accelerate price falls if those leveraged positions are hurriedly closed. Although global equities look set to […]
TD Bank CEO wants U.S. to curb high frequency trading
Reuters – Toronto-Dominion Bank Chief Executive Ed Clark said on Thursday [April 3] he believes high frequency trading (HFT) gives an unfair advantage to some market participants and wants curbs by U.S. regulators. HFT, in which sophisticated computer programs are […]
Texas tycoons hid $550 million in profits offshore, U.S. tells jury
Reuters – Texas tycoons Sam and Charles Wyly employed a labyrinthine system of offshore trusts to conceal stock trades in four companies on whose boards they sat, netting themselves more than $550 million in undisclosed profits, a U.S. government lawyer […]
Hedge Fund Merger: Investcorp and Eyck Capital Management
New York (HedgeCo.Net) – Investcorp’s US based hedge fund business is teaming up with UK manager Eyck Capital Management LLP to offer its investors’ access to a specialized event-driven and distressed credit strategy spanning the European opportunity set. The London-based investment […]
Billionaire Robert Citrone’s Hedge Funds Hammered In March
Forbes – Robert Citrone, the billionaire hedge fund manager who is known as an emerging markets specialist, had been on a pretty good run in recent years, scoring nice returns and increasing his assets under management to $15 billion. But […]
Hong Kong Jockey Club Starts Direct Hedge Fund Allocations
Bloomberg – Hong Kong Jockey Club began making direct allocations to hedge funds, said Jacob Tsang, director of group treasury at the city’s only horse-racing operator, which has invested more than $1 billion in alternative assets. It made its first […]