Author Archives: Editor
Rajaratnam’s Sentencing Rescheduled for Sept. 27, Judge Says
San Francisco Chronicle – Raj Rajaratnam’s sentencing on insider-trading charges was rescheduled to Sept. 27 from July by a federal judge in New York. Rajaratnam, 54, the co-founder of Galleon Group LLC, is at the center of one of the […]
Ex-Lawyer Cutillo Gets 30 Months in Prison in Galleon Insider-Trading Case
Bloomberg – Arthur Cutillo, a former Ropes & Gray LLP lawyer who pleaded guilty in the Galleon Group LLC insider-trading case, was sentenced to 2 1/2 years in prison. U.S. District Judge Richard Sullivan in New York imposed the sentence today […]
Former Expert-Network Consultant Pleads Guilty in Insider Probe
WSJ – A former consultant ensnared in a sprawling insider-trading investigation of “expert-network” firms pleaded guilty to criminal charges on Thursday. Mark Anthony Longoria, formerly a supply chain manager for Advanced Micro Devices Inc., admitted to providing inside information to […]
Hedge fund emissaries to get an audience with Gov. Malloy
GreenwichTime – Several major players in the hedge fund world — an industry said by insiders to be developing a chip on its shoulder in terms of its importance to the economic fortunes of Connecticut — are expected to get […]
Libyan Managers Sought to Cut Losing Hedge Fund Holdings, Document Shows
Bloomberg – Libya’s $64 billion sovereign wealth fund sought to cut holdings in hedge funds after losing on investments including bets with Millennium Global Investments Ltd., according to a document distributed by U.K. human-rights group Global Witness. The Libyan Investment […]
Demystifying Clouds for Application Hosting
By Bob Guilbert, Managing Director, Eze Castle Integration The Cloud is everywhere, it seems. Google has a cloud. Amazon has one. Not surprisingly, Apple unveiled its iCloud last month. The ability to host and store data, applications and other infrastructures […]
Hedge Fund Rules Will Protect Investors, Moody’s Says
DealBook – A reckoning for hedge funds could provide some long-awaited protections to investors, according to a new report by Moody’s. The Securities and Exchange Commission adopted a plan last week to require large hedge funds, private equity shops and the like to […]
China family swoops on RAB funds
FT London – One of China’s wealthiest families has swooped to acquire funds from the wreckage of London based RAB Capital in a move that will create one of the biggest new hedge fund startups this year. The deal will catapult one […]
Hedge Funds Seek a Slice of Japan’s $740 Billion Pension Funds After Quake
Bloomberg – Global hedge funds are vying for allocations from Japan’s corporate pension fund managers, who oversee about $740 billion and are seeking alternatives to stocks following the March earthquake. Prosperity Capital Management, the largest manager of Russia-focused funds with about […]
(Update) New York Hedge Fund Launch: The Long/Short Stanphyl Fund
New York (HedgeCo.net) – New York-based limited liability company Stanphyl Capital GP, LLC (Stanphyl) has launched a long/short equity hedge fund. The new hedge fund, Stanphyl Capital Partners, LP., launched earlier this month out of NYC. Managing member Mark Spiegel […]
Hedge Fund ‘Start-Up Kit’ Launch
SKCG Group, the risk management and insurance advisor to some of the world’s largest hedge funds, has designed a program for hedge funds that includes a ‘Start-Up Kit’ for emerging managers. The program grows in sophistication as the fund’s assets […]