Author Archives: Editor
Feds Charge Two More In Hedge Fund Fiasco
New York (HedgeCo.Net) – In the latest news regarding Stephen Cohen’s embattled hedge fund SAC Capital, analyst Sandeep Aggarwal and portfolio manager Richard Lee have been charged with insider trading. According to the SEC complaint filed in federal court in Manhattan, Aggarwal covered both […]
SAC Faces the Music: Preet Bharara Goes Nuclear on Hedge Fund—Is Cohen Next?
Observer – Last Thursday, when the government charged SAC Capital with perpetrating an insider-trading scheme from 1999 through 2010, the move answered a lot of questions people had been asking of late. The main one: given the fact that the […]
Former Mizuho Credit Trading Head Plans Own Hong Kong Hedge Fund
Bloomberg – Jeffrey Yap, former head of Asian fixed-income trading at a unit of Mizuho Financial Group Inc. (8411), plans to start his own credit-focused hedge fund in Hong Kong. Yap, who worked for Mizuho Securities Asia Ltd. until May, […]
Hedge Fund Performance Down in June
New York (HedgeCo.Net) – Global stock and bond indexes declined in June, according to a new report by hedge fund research firm Morningstar; the MSCI World NR global stock market and Barclays Global Aggregate TR bond indexes dropped 1.2% and […]
Bullish on Obamacare
Barron’s – Larry Robbins usually describes the approach of his $6.4 billion hedge-fund firm, Glenview Capital Management, as “suggestivist,” cultivating amicable working relationships with corporate management to propose shareholder-friendly changes. Now he’s becoming an activist for the first time, challenging […]
Sebi fixes borrowing limits for hedge funds
Economic Times – The Securities and Exchange Board of India (Sebi) on Monday allowed local hedge funds to borrow up to twice the fund’s net asset value, but lawyers say the move is restrictive compared with developed markets where leverage […]
Big Hedge Funds to Swoop on Start-Up Talent
MoneyBeat – Some of the world’s biggest hedge funds, including Marshall Wace, Millennium Management, CQS and BlueCrest Capital Management, are among firms that are capitalizing on a difficult environment for start-ups, hiring potential managers who might once have considered setting […]
Raimondo Got Donation from Hedge Fund Indicted for Fraud
Go Local – General Treasurer Gina Raimondo received a donation from a manager at a hedge fund that has been indicted for insider trading, along with several donations from the law firm now defending that fund against a five-count federal […]
CEO Has No Sympathy for Hedge Fund Indicted for Insider Trading
Atlantic Wire – One of the financial industry’s most successful firms is under the gun for alleged insider trading, and some of their rivals and enemies could not be more thrilled about it. So much so that one took out […]
Hedge Fund’s Suit on Fannie and Freddie May Spell Trouble for U.S.
Dealbook – The lawsuit brought by the hedge fund Perry Capital against the federal government over the Fannie Mae and Freddie Mac bailout may be the case that finally subjects the government’s bailout practices to closer outside scrutiny. The Fannie […]
GLG launches Total Return fund
Money Observer – Hedge fund firm GLG Partners has launched a ‘value driven’ Total Return fund for investors. The UK-domiciled Ucits fund will invest across a range of liquid asset classes, including equities, foreign exchange, sovereign bonds, currencies, credit, rates and commodities. […]