Author Archives: Editor
Hedge funds buy war insurance on Russia-Ukraine conflict
CNBC – Investment firms have sharply increased the protection they buy against macroeconomic shocks, so called “tail risk” hedging for a potential armed conflict in Eastern Europe. “There’s been an uptick in hedging activity—we’ve definitely seen funds add to tail […]
Star witness against ex-Madoff aides a liar, lawyer tells jury
Reuters – The government’s star witness in the criminal trial of five former Bernard Madoffemployees is a lifelong liar whose “mind-boggling” history of falsehoods robs him of any credibility, a lawyer for one defendant told a federal jury on Thursday [March […]
U.S. Treasuries: Banks Turn bullish As Hedge Funds, Real Money Sell
ValueWalk – With the non-farm payroll report coming out on Friday, the market appears to be preparing for bear steepening (rising long-term rates) by increasing the net short position on short term U.S. Treasuries and increasing the net short on 10 year […]
SEC Halts Facebook and Twitter Pyramid Scheme
New York (HedgeCo.Net) – The SEC has announced an emergency enforcement action to stop a fraudulent pyramid scheme by phony companies masquerading as a legitimate international investment firm. The SEC has obtained a federal court order to freeze accounts holding […]
CBOE toughens trader rules, following SEC fine last year
HedgeWorld – CBOE Holdings Inc., which was fined $6 million last year for failing to properly police its own marketplace, will implement tighter rules for traders to help prevent fraud, according to a regulatory filing on Wednesday [March 5]. The […]
Hedge Fund Short Selling: Long Island Firm To Pay Record $7.2 Million Sanction
New York (HedgeCo.Net) – The largest-ever monetary sanction for Rule 105 short selling violations has been doled out by the SEC to a Long Island-based proprietary trading firm. Its owner agreed to pay $7.2 million to settle charges. According to […]
Faith, hope and hedge funds for CoE
City AM – The Church of England is ramping up the exposure of its £6bn endowment to alternative investments such as hedge funds and private equity in a move that will cement its position as one of the UK’s largest […]
Aviva Hit With $221 Million Cost From Improper Hedge Fund Trades
Bloomberg – Aviva Plc took a 132 million pound ($221 million) charge after saying two former employees breached its trading policy since 2006 to the benefit of external hedge funds. The insurer, which today reported full-year results, said it found […]
Winter turns around energy fund of ex-Goldman trader Goldberg
Reuters – Former Goldman Sachs energy trader Jonathan Goldberg’s hedge fund is up 7 percent on the year after the winter rally in U.S. oil and gas helped it recover from losses in the first four months after its launch […]
Barbarians Here Again as Buyout Firms Poach Junior Bankers; ‘Perfect Workhorses’
Bloomberg – Wall Street’s Class of 2013 is being poached earlier than usual by private-equity and hedge funds, showing it’s going to take more than Saturdays off for the biggest banks to keep their most ambitious employees. The rookies, who […]
SALT: Francis Ford Coppola and Kevin Spacey To Speak At Hedge Fund Event
New York (HedgeCo.Net) – The 2014 SALT Conference is taking place May 13-16, at the Bellagio Resort & Casino in Las Vegas. Approximately 1,800 thought leaders, public policy officials, business professionals and investors will convene to discuss macro-economic trends, geo-political events and alternative investment opportunities […]
Atlanta Hedge Fund Challenge set
BizJournals – The second annual Atlanta Hedge Fund Challenge will host nine teams from universities across the Southeast to pitch ideas to hedge fund and investment firm managers. Georgia State University, The Southeastern Hedge Fund Association and Valkyrie Capital LLC […]