Author Archives: Editor
Coadum Hedge Fund Managers Plead Guilty to International Fraud
New York (HedgeCo.net) – Thomas Repke, of Salt Lake City, Utah, pleaded guilty to conspiracy to commit fraud. His codefendant and former business partner, James Jeffery of Ontario, Canada, pleaded guilty in April 2011. The jury trial was scheduled to begin […]
Dow Jones Indexes, UBS Securities LLC Launch Dow Jones-UBS Commodity Index 2-4-6 Forward Blend
Dow Jones Indexes, a leading global index provider, and UBS Securities LLC today announced the launch of the Dow Jones-UBS Commodity Index 2-4-6 Forward Blend, a gauge that measures diversified exposure to longer-dated commodity futures contracts spread across the commodity […]
BofA, Goldman, Bear Stearns, Deutsche Bank in Court News
Bloomberg – “This is huge,” said Warren W. Traiger, a lawyer at New York-based BuckleySandler LLP who advises financial firms on fair lending. “While lenders need to be concerned about the activities of the civil-rights division of the Justice Department, […]
Brevan Howard Paid 128.3 Million Pounds to Partners Last Year
BusinessWeek – Brevan Howard Asset Management LLP, the hedge fund founded by Alan Howard, paid its partners as much as 128.3 million pounds ($201.3 million) in the year ending in March, a 79 percent drop from a year earlier after […]
Former Fannie Mae CEO Mudd takes leave from hedge fund firm
Washington Post – Former Fannie Mae chief executive Daniel Mudd, who was charged with fraud last week by the SEC, is taking a leave of absence from his job as chief executive of hedge fund manager Fortress Investment Group, the […]
Two More Are Sentenced in Insider Trading Cases
NYT – A French doctor and a California sales manager on Wednesday became the latest to be sentenced after being convicted in a recent federal crackdown on insider trading at hedge funds. Dr. Yves Benhamou was sentenced to time served […]
Ex-Bear Stearns Fund Managers Seek Narrowing of SEC Suit
Bloomberg – Former Bear Stearns Cos. hedge-fund managers Ralph Cioffi and Matthew Tannin, acquitted in 2009 of criminal charges they misled investors who lost $1.6 billion, asked a federal judge to toss out part of a related civil case brought […]
Hedge funds’ top auto stocks
MarketWatch – The performances of automotive and automotive parts companies are good gauges of the economy – after all, how many people would buy a new car if they thought their job wasn’t secure, not to mention the issue of […]
Ex-NY expert consultant to hedge funds sentenced to 2 1/2 years in prison for insider trading
Washington Post – A former hedge fund consultant was sentenced Wednesday to 2 1/2 years in prison for insider trading, a crime that a judge said seemed to be growing in prevalence despite a continual crackdown by authorities against it. […]
UCITS Hedge Fund Index Update
New York (HedgeCo.net) – The UAI Blue Chip Index is down -0.37% for the week bringing its month to date performance to -0.22%. Event-Driven, Emerging Markets and Commodity are the worst performing strategies respectively down -3.48%, -2.57% and -2.19% this […]
Syz combines CTA exposure and tail risk hedging in fund of hedge funds
Hedge Funds Review – Swiss banking group Syz & Co is launching a fund of hedge funds (FoHF) combining commodity trading advisers (CTAs) with tail risk hedging strategies. The aim is to improve the risk profile of a traditional portfolio. The […]
Greek debt talks hit trouble as hedge fund walks out
Reuters – Talks over restructuring part of Greece’s massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be […]