Author Archives: Editor
Dominique Strauss-Kahn denied $1m bail on rape charge
Guardian – Dominique Strauss-Kahn, the head of the International Monetary Fund, is in Rikers Island prison in New York after he was refused bail on charges of attempting to rape a hotel maid, as prosecutors said they were looking into […]
Goldman planning to bankroll new hedge funds
San Francisco Chronicle – Goldman Sachs Group Inc. is seeking money to bankroll fledgling hedge funds, its second attempt since 2008 to break into a business now dominated by Blackstone Group LP, according to three people with knowledge of the plan. The bank […]
Gupta Secretly Defied McKinsey Before Accusation
Bloomberg – On a sunny Friday afternoon in June 2003, Rajat Gupta was greeted at his waterfront home in Westport, Connecticut, by scores of his McKinsey & Co. partners. They had come from London, Frankfurt, New Delhi and other cities around the […]
SEC Charges Another Adviser In Ponzi Scheme Tied To Venezuela
The Wall Street Journal – A second Stamford, Conn. financial advisory firm has been added to a list of defendants in a civil case brought up by the U.S. Securities and Exchange Commission in connection with a Ponzi scheme uncovered […]
Citigroup Sold by Hedge Funds Eton Park, Viking as Banking Revenue Slumps
Bloomberg – Eton Park Capital Management LP and Viking Global Investors LP were among at least five hedge funds that exited theirCitigroup Inc. (C) stakes in the first quarter as investors shied away from U.S. banks facing revenue declines. Eton Park, […]
Aviation Focused Equity Long/Short Hedge Fund Launch
New York (HedgeCo.net) – Robert Crane, Gary Ran and Gary Weisman have launched a new investment firm focused exclusively on the commercial aviation industry. Crane Aircraft Partners, LLC, based in California and Michigan, will provide multiple investment options for investors, […]
Rajaratnam’s voice to be heard at next insider trial
Reuters – Convicted hedge fund tycoon Raj Rajaratnam is no longer on trial, but his voice is going to be heard again in court on at least one phone tap in the trial of his former employee, Zvi Goffer, potential […]
Hedge Fund Acquisitions: Northern Trust/Omnium
New York (HedgeCo.net) – Investment management giant, Northern Trust, with over $662.2 billion in assets under management, has acquired Omnium LLC, a hedge fund administrator with approximately $70 billion in assets. Omnium’s staff will be integrated into Northern Trust’s Corporate […]
California Extends IA Exemption For Hedge Fund Managers
iStockAnalyst – California currently has an exemption from the registration requirements for certain fund managers with more than $25M of AUM (Rule 260.204.9). Back in March California requested input from the investment management community on how they might change the […]
Goldman Sachs Said to Ready Blackstone Challenge for Hedge-Fund Startups
Bloomberg – Goldman Sachs Group Inc. (GS) is seeking money to bankroll fledgling hedge funds, its second attempt since 2008 to break into a business now dominated by Blackstone Group LP (BX), according to three people with knowledge of the plan. […]
Artur Davis: Government To Act More Aggressively In Future Hedge Fund Stings
New York (HedgeCo.net) – After 11 days of deliberations, a federal jury in New York’s Southern District has found Galleon hedge fund manager Raj Rajaratnam guilty on all 14 counts of securities fraud and conspiracy — a clean sweep for […]