Author Archives: Editor
Goldman Sachs loses bid to end lawsuit over risky collateralized debt obligations
Economic Times – Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. The decision by US district judge Victor Marrero in New […]
Apple Favorite for 7 Top Hedge Fund Manager
The Street – Nowadays readers have access to Websites that track the daily changes in billionaires’ wealth. We wanted to track the performance of billionaires’ top stock picks. By looking at our Billionaire Hedge Fund Index , investors may be […]
Bloomberg’s weird Buffett spoiler
Reuters – Bloomberg and Fortune had weirdly competing stories Wednesday on the subject of Warren Buffett’s “million-dollar bet“. The bet’s duration is ten years from January 1, 2008; Buffett is betting a million dollars that the S&P 500 will outperform […]
On Wall St., Keeping a Tight Rein on Twitter
NYT – “Next stop Dow 57,757? Don’t count on it but Tuesday’s bullish session is in the books.” That dash of market analysis on Twitter wasn’t an impromptu thought from an investor. It was a prewritten post, taken from a library of 140-character […]
Strategic Hedge Fund Planning
By Attorney Hannah M. Terhune, JD, LLM (Taxation) 2012 – Creating a hedge fund to protect and manage your assets or the assets of others for a fee is a practical way to earn a living. Successful hedge funds continue to […]
Proxy battle pits new Yahoo CEO against hedge fund
Reuters – Less than three months into the job as Yahoo Inc’s chief executive, Scott Thompson faces a proxy showdown with hedge fund Third Point that will determine whether he or a slate of dissident directors nominated by the hedge […]
Arcapita Bankruptcy Was Forced by Hedge Funds, Lawyer Says
BusinessWeek – Arcapita Bank BSC, a manager of Islamic-compliant investments with $7 billion under management, was forced into bankruptcy by hedge funds that sought to be repaid in full, a lawyer for Arcapita said. Restructuring talks on the company’s $1.1 […]
Investor hedge fund claims cost Citigroup $85M and counting
USA Today – Citigroup’s tab for reimbursing clients who said the financial giant misled them into investing in risky hedge funds marketed as the safety equivalent of municipal bonds has soared to at least $85 million. And counting. The payments, awarded […]
The Highest-Earning Hedge Fund Managers Are Struggling To Beat The Market Rally
Forbes – Albert Friedberg is a little-known commodities trader who manages $2 billion in Toronto. Last year, during one of the worst 12-month stretches in the history of the hedge fund industry, Friedberg outperformed just about every big shot trader […]
Buffett’s S&P 500 bet gains ground on hedge funds
Bloomberg – Billionaire Warren Buffett’s chances of winning a bet that the S&P 500 stock index will outperform a collection of hedge funds are improving, but Buffett still trails the money managers four years into the 10-year bet. Buffett has […]
Convicted Fund Manager Ordered to Pay Morgan Stanley $10.2 Million
NYT – A federal judge has ordered Joseph F. Skowron, the onetime star hedge fund manager serving jail time for insider trading, to pay $10.2 million to his former employer Morgan Stanley. In a ruling late Tuesday, Judge Denise L. Cote of Federal […]
Investor hedge fund claims cost Citigroup $85M and counting
USA Today – Citigroup’s tab for reimbursing clients who said the financial giant misled them into investing in risky hedge funds marketed as the safety equivalent of municipal bonds has soared to at least $85 million. The payments, awarded since […]