Author Archives: Editor
Why Apple, Soros Fund are Hoarding Almost $100 Billion in Cash
International Business Times – Apple is hoarding $76 billion in cash. George Soros’ hedge fund (run by Keith Anderson) is nearly holding $20 billion in cash, or 75 percent of the assets under management, reported Bloomberg, citing unnamed sources. Combined, […]
K1 Hedge Fund Founder Kiener Is Jailed for 10 Years in Ponzi-Scheme Fraud
Bloomberg – K1 Group founder Helmut Kiener was convicted of defrauding investors with a 345-million euro ($497 million) Ponzi scheme and sentenced to 10 years and eight months in prison. Kiener, 52, was found guilty of fraud, forgery and tax evasion by […]
Paulson Said to Hire Hong Kong Specialist After Sino-Forest Loss
San Francisco Chronicle – John Paulson said he will hire a specialist in Hong Kong for his $37 billion Paulson & Co. hedge fund after losses tied to Sino-Forest Corp., according to two people briefed on the matter. Sino-Forest, the Chinese forestry […]
FSA raids UK asset manager
FN – A spokeswoman for the FSA said: “The FSA can confirm that this morning it executed search warrants on two premises in London and one in Chichester. The FSA’s regulatory investigation is on-going.” She declined to comment further. The […]
Why Apple, Soros Fund are Hoarding Almost $100 Billion in Cash
International Business Times – Apple is hoarding $76 billion in cash. George Soros’ hedge fund (run by Keith Anderson) is nearly holding $20 billion in cash, or 75 percent of the assets under management, reported Bloomberg, citing unnamed sources. Combined, […]
Hedge Fund Assets Surge Past $2 Trillion
Institutional CEO – Hedge fund net assets have reached a record level of $2.04 trillion, according to data from Hedge Fund Research (HFR). Meanwhile, the firm found that investors put $30 billion in new money into hedge funds during the […]
Insider trader Danielle Chiesi jailed for 30 months
BBC – Danielle Chiesi, a former Bear Stearns hedge fund trader said to have used her charms to gain insider tips from company executives, has been jailed. Chiesi, 45, was handed a two-and-a-half year sentence after pleading guilty in New […]
UCITS Hedge Fund Index: Long/Short Equity and Event-Driven Strategies Weak
New York (HedgeCo.net) – The UCITS Alternative Index Blue Chip is down -0.17% this week, due mainly to a weak performance of Long/Short Equity and Event-Driven strategies, respectively down -0.81% and -1.30%. The best strategies this week are Commodities and […]
Asian New Hedge Funds Raised $2.86 Billion in First Half, AsiaHedge Says
BusinessWeek – Twenty-four new hedge funds in Asia raised $2.86 billion in the first half of 2011, more than double the preceding six months as the average startup size surged, an AsiaHedge New Funds Survey showed. The amount raised compares with […]
Gundlach’s Hedge Fund Said to Rise 28% on Mortgage-Backed Bonds
Bloomberg – Jeffrey Gundlach’s hedge fund has gained 28 percent since its Sept. 1 start, driven by bets on mortgage-backed securities, according to an investor briefed on the returns. The DoubleLine Opportunistic Income Fund, which invests in fixed-income securities, is […]
Hedge fund exec testifies in WaMu bankruptcy, denies shareholder insider trading allegations
Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities. Dan Gropper of Aurelius Capital Management testified Monday that Aurelius […]