Author Archives: Editor
Ex-Goldman director Gupta’s insider trading conviction upheld
Reuters – A federal appeals court on Tuesday [March 25] rejected a bid by former Goldman Sachs Group Inc. director Rajat Gupta to overturn his insider trading conviction. The 2nd U.S. Circuit Court of Appeals rejected the claim by Gupta, also a […]
US Justice Department Convicts Hedge Fund CEO Of $500 Million Fraud
New York (HedgeCo.Net) – The CEO of the now-bankrupt hedge fund Sentinel Management Group, Inc., was convicted today of defrauding more than 70 customers of over $500 million before the firm collapsed in August 2007. “The defendant, Eric Bloom, misappropriated […]
Greylock Buys Ukraine Debt as Hedge Funds Trade Conflict
Bloomberg – As Russian president Vladimir Putin ratchets up tensions with the U.S. and its allies over the annexation of the Crimean peninsula, the geopolitical turmoil is prompting hedge funds to trade around the conflict. Carlyle Group LP’s Emerging Sovereign Group LLC, Greylock […]
SEC Announces Agenda, Panelists for Cybersecurity Roundtable
SEC – The Securities and Exchange Commission today announced the agenda and panelists for its March 26 roundtable on the issues and challenges cybersecurity presents for market participants and public companies. The roundtable, announced in February, will begin at 9:30 a.m. […]
Hedge Fund Drops Lawsuit Against Anonymous Blogger
New York (HedgeCo.Net) – David Einhorn, the founder of hedge fund Greenlight Capital has dropped a lawsuit aimed at finding an anonymous blogger anonymous blogger “Valuable Insights” who posts on financial website Seeking Alpha. “Greenlight dropped the suit of its own accord,” […]
U.K.’s Largest Hedge Funds Get Bigger With 82% of Assets
Bloomberg – The U.K.’s largest hedge funds are getting even bigger, with 20 firms controlling 82 percent of the assets under management, the country’s markets regulator said. The growing size of hedge funds creates a need for better oversight of […]
Hedge Fund Hollis Park Partners Raises $225 Million
New York (HedgeCo.Net) – HFMWeek reports that New York based hedge fund Hollis Park Partners has raised $225m in early commitments and now plans to temporarily close to investment. The fund was founded in December by former Deutsche Bank mortgage-bond […]
Hedge Fund People: Tech Specialist Leaves Deutsche Bank
New York (HedgeCo.Net) – Deutsche Bank’s fund-administration business has lost a key executive. John Wallace, a managing director who formerly co-headed the alternative fund services group. Wallace left the bank at the end of February. He spent 23 years at […]
U.S. Judge OKs JP Morgan $218 Million Madoff Class-action Settlement
Reuters – A federal judge on Friday [March 21] gave final approval to JPMorgan Chase & Co.’s $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme of […]
Cantor Acquires Fintan in $3 Billion Hedge-Fund Expansion
BusinessWeek – Fintan, led by founder Alexander Klikoff, farms out money to fixed-income hedge funds, Cantor said today in a statement. The deal will bring Cantor’s assets under management and advisory to about $3 billion. Terms of the deal weren’t […]
Hedge Fund Condo Has Blankfein, Potash King: Manuela Hoelterhoff
BusinessWeek – – A federal judge on Friday [March 21] gave final approval to JPMorgan Chase & Co.’s $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme […]
A Hedge Fund Manager Says SAC Taint Is Manageable
Dealbook – Dmitry Balyasny is one hedge fund owner who isn’t afraid of hiring traders from SAC Capital Advisors as long as they were far away from the “messiness” that engulfed the firm during the federal government’s crackdown on insider trading. […]