Author Archives: Editor
Hedge Funds Win on Bull Bets Before Biggest Rally: Commodities
Bloomberg – Hedge funds lifted their bullish commodity bets for a third week, just before a European agreement to contain the region’s debt crisis spurred the biggest rally in raw-material prices in three years. Money managers increased their combined net-long positions […]
Hedge Funds Boost Bets Against the Euro
Reuters – Large hedge funds increased their bets against the euro last week as investors viewed the two-day European Union summit in Brussels with skepticism. The funds boosted their short position against euro futures to $20 billion in the latest […]
Controversial Hedge Fund Manager Charged By SEC
New York (HedgeCo.net) – The hedge fund manager who challenged the US wireless broadband connectivity system by launching a cheaper alternative has been under investigation by the SEC for alleged manipulation of bond prices and favoring certain clients over others. The SEC said that Philip […]
Elderly Paraplegic With Dementia And Multiple Sclerosis Victimized In FOREX Hedge Fund Fraud
Forbes – Damn, here we go again. On June 27, 2012, a federal grand jury in Newark, NJ indicted George Sepero, 39, Glen Rock, NJ on one count of wire fraud conspiracy and 16 counts of wire fraud involving for […]
Single Trial for Three Accused in Dell Insider Case: Judge
Reuters – Two former hedge fund portfolio managers and an analyst charged in a $62 million insider trading scheme will go to trial together in October, a U.S. judge ruled on Thursday [June 29]. Lawyers for each of the defendants […]
Singer hedge fund, others in cross-border fight with Mexican industrial elite
Washington Post – On a scorching April morning in Monterrey, Mexico, Enrique Garcia, Vitro’s local plant manager, crosses under a mural that commemorates the 100th anniversary of the company’s first glass factory. He points to brick structures from the original […]
Tudor Said To Open First Macro Hedge Fund In Decade
Bloomberg – Tudor Investment Corp. opened a $500 million hedge fund, its first new fund to bet on macroeconomic trends in a decade, according to four investors briefed on the matter. Founder Paul Tudor Jones won’t be among the 14 […]
FINRA Lost $84 Million in 2011
HedgeWorld – The Financial Industry Regulatory Authority, the U.S. securities industry’s self-funded regulator, lost $84 million last year because of weak industry trading volume and low returns on its investment portfolio. FINRA, whose top five executives received $6.86 million in […]
Barclays chairman Marcus Agius resigns over rate-rigging scandal
Guardian – Marcus Agius has quit as chairman of Barclays, saying he was “truly sorry” for the interest rate-rigging scandal that has dealt a “devastating blow” to the bank’s reputation. But Monday’s resignation did not puncture the political pressure on the bank […]
Bernard Madoff Brother Pleads Guilty in Ponzi Case
Reuters – Bernard Madoff’s younger brother pleaded guilty to criminal charges that he helped advance the multibillion-dollar Ponzi scheme, but denied knowing about the epic, decades-long fraud. With his guilty plea in Manhattan federal court on Friday [June 29], Peter […]
Hedge Fund Jobs Act May Be Postponed
New York (HedgeCo.net) – The Investment Adviser Law Blog reports that the SEC may miss the deadline to adopt rules that would lift the ban on advertising and general solicitation by hedge funds and other private pooled investment vehicles, according […]
Hedge Fund People: Black Diamond Capital Management Hires Jean Fleischhacker
New York (HedgeCo.net) – $11 billion hedge fund firm, Black Diamond Capital Management LLC, announced the appointment of Jean Fleischhacker as Senior Managing Director, Business Development. Ms. Fleischhacker will lead the structuring and marketing for CLOs, other structured products, and […]