Author Archives: Editor
The Hedge Fund Association to Hold Latin American Event at New York’s Pierre Hotel
New York (HedgeCo.net) – The Hedge Fund Association (HFA) is launching its new Latin American Chapter at the Pierre Hotel in New York City (2 East 61st Street at Fifth Avenue) on October 6th, 2011 at 5 p.m. RSVP The […]
Ackman May Sell Shares in Hedge Fund in 2012 for Stable Capital
Bloomberg – Bill Ackman, the money manager known for investing in companies to press for changes, said he may sell shares in a hedge fund to secure more permanent capital for investments as soon as next year. Ackman, founder of New […]
Fund tycoon Rajaratnam fights for less prison time
Reuters – Convicted hedge fund tycoon Raj Rajaratnam is fighting to the last minute to convince the judge who will decide his fate next week to imprison him for far less than the 19-1/2 to 24-1/2 years demanded by prosecutors. […]
Hedge Funds Hit Resistance on European-Bank Trades
WSJ – In another sign of market participants exercising caution amid fragile market conditions, a number of hedge funds late last month tried to reduce their exposure to European banks with Credit Suisse Group using derivatives, but the Swiss dealer declined […]
New Grifphon lawsuit targets accountants
BizJournals – Angry investors who’ve been trying to withdraw money from two Portland hedge funds for more than a year on Tuesday expanded their collection efforts to one of Portland’s most well respected accounting firms. In a lawsuit filed in […]
SEC targets quant funds
Fierce Finance – Back when the industry trading scandals were white hot, there was a little bit of Schadenfreude emanating from the algorithmic crowd. These quant-oriented funds were quick to point out that they didn’t need to scour for tidbits […]
Hedge Fund Action Doesn’t Change Fundamentals
Gold & Silver Matters – Last week, hedge funds sold off their bullion holdings in what was a monumental run to the exits. As the price of silver and gold trended higher against declines in other commodities, equities, and so-called risk […]
Rambourg aims to raise $1bn for new hedge fund
Investment Week – Former Gartmore fund manager Guillaume Rambourg is set to launch his own hedge fund venture in Paris, without ex-colleague Roger Guy, according to reports. Rambourg, who earlier this year was cleared by the FSA of breaking internal […]
Raj to judge: I only made $7 million
New York Post – Convicted hedge-fund felon Raj Rajaratnam is expected to plead before a federal judge today that he doesn’t deserve to be sent to prison for 25 years — because he only made $7.5 million from his inside […]
Hedge Funds Pay Top Dollar for Washington Intelligence
WSJ – At a breakfast fund-raiser last year at the Liaison Capitol Hill hotel, former lobbyist Paul Equale pulled up a chair next to Sen. Richard Durbin. As they chatted, the Illinois Democrat told him about a recent breakthrough in […]
Hedge funds profit from quick bets in Europe crisis
Reuters – Nimble hedge funds taking short-term bets are reaping the biggest profits from Europe’s debt crisis, as markets lurching on one policymaker’s comments to the next punish managers brave enough to take long-term positions on the eventual outcome. As the […]