Author Archives: Editor
Private Hedge Fund “Alpha” Surveys Allow Wealthy Clients to Profit From “Insider” Views
CorpWatch – BlackRock, Marshall Wace, and Two Sigma Investments – three major hedge funds – have been conducting regular private surveys of brokers for wealthy clients. The practice – often called “alpha capture” – has raised red flags because of […]
Prosecutor Bharara Tells Hedge Funds Cases Build Trust
Bloomberg – Preet Bharara, the top federal prosecutor in Manhattan whose office has sent inside traders and terrorists to prison, told attendees at a hedge fund conference that prosecutions foster confidence in the market. “If you have open and aggressive […]
New Asia hedge funds raise $2 bln in H1 2012
Reuters – New Asian hedge funds raised $2 billion in the first half of the year, an increase of 50 percent over the capital they raised in the previous six months, a survey released on Thursday by industry tracker AsiaHedge […]
US dollar is preferred safe haven currency for hedge fund managers, according to poll results
Hedge Funds Review – Hedge funds and institutional investors place the US at the top of the list of safe haven currencies. The yen, only a few years ago considered one of the safest currencies, is the least attractive. The US […]
Administrators and Auditors Identified as Most Important Hedge Fund Service Providers
New York (HedgeCo.Net) – Hedge fund due diligence provider, Corgentum Consulting, reported that according to a new survey, only 17% of investors feel that prime brokers are the most important hedge fund service provider. Administrators (33%) and auditors (31%) were identified […]
ThinkStrategy’s Kapur Indicted by U.S. for Securities Fraud
Bloomberg – ThinkStrategy Capital Management LLC’s Chetan Kapur was accused by the U.S. of deceiving investors into buying shares in his hedge funds in a scheme that lasted from 2002 to 2010. Kapur, ThinkStrategy’s sole managing director, was charged with […]
‘King of Tokyo’ dethroned by insider trading probe
CNBC – Edward Brogan was Japan’s highest-profile hedge fund manager until he suddenly dropped out of view this month. Dubbed the “King of Tokyo” by traders, the 53-year-old American seemed to have it all: wealth, professional acclaim and status as […]
UCITS Hedge Funds Rise to EUR 129 ($158) Billion
New York (HedgeCo.Net) – Geneva-based investment company, Alix Capital reports that UCITS hedge funds AUM increased by +7.5% in Q2 2012 contributing to an increase of 18.3% for the last 12 months. Sixteen new funds were launched this quarter and four were […]
Goldman Builds Private Bank
WSJ – Goldman Sachs Group Inc. is building an in-house bank to lend money to wealthy people and companies. Rules that stem from the U.S. Dodd-Frank overhaul, including the Volcker rule, which limits the gambles a bank can take with its own money, […]
HSBC ‘sorry’ for aiding Mexican drugs lords, rogue states and terrorists
Guardian – Executives with Europe’s biggest bank, HSBC, were subjected to a humiliating onslaught from US senators on Tuesday over revelations that staff at its global subsidiaries laundered billions of dollars for drug cartels, terrorists and pariah states. Lawmakers hammered the British-based […]
Hedge Fund Consultant Wesley Wang Admits To Passing Tips
Reuters – Wesley Wang, a hedge fund consultant, pleaded guilty to federal charges that he passed inside information about Cisco Systems Inc. (CSCO), Polycom Inc. (PLCM) and Marvell Technology Group Ltd. (MRVL) Wang pleaded to two counts of conspiracy to […]