Author Archives: Editor
Rajat Gupta, figure in insider-trading probe, quits Gates Foundation panel
Seattle Times – Rajat Gupta, the former Goldman Sachs Group director accused of leaking insider information to Galleon Group founder Raj Rajaratnam, has resigned as an adviser to the Bill & Melinda Gates Foundation. “Rajat Gupta has stepped down from […]
Venezuela’s energy minister says oil company has no ties to Connecticut hedge fund manager
AP – Venezuela’s energy minister says the country’s state oil company has no ties to a Connecticut hedge fund manager who has pleaded guilty to fraud in a scheme that could cost investors hundreds of millions of dollars. Rafael Ramirez […]
PDVSA to Guarantee Pension Fund Investments Lost in U.S. Fraud
Business Week – Francisco Illarramendi, the majority owner of a holding company through which he managed several hedge funds, pleaded guilty to fraud in the U.S. on March 7 after investigators from the Securities and Exchange Commission uncovered what prosecutors […]
Judge halts Petters settlement
Minneapolis Star Tribune – A federal judge Friday froze a $14 million settlement between the bankruptcy estate of convicted businessman Tom Petters and the remnants of a Connecticut-based hedge fund once managed by a major participant in the Petters-run Ponzi […]
Oil Falls Third Day; Hedge Funds’ Gas Bets
Bloomberg – Hedge funds raised bets on natural gas by the most in three months as colder-than-normal weather in the U.S. and expectations for increased demand from Japan stoked speculation that demand for the heating fuel will increase. Oil fell […]
Hedge Funds May Salvage Month Despite Japanese Quake
Dow Jones -After getting hammered by a market slump the week after the Japan earthquake, hedge funds may be able to salvage what could have been one of the worst months for the industry since the global financial crisis. Japan’s […]
Regulation win for hedge funds over banks
The Telegraph – “Non banks”, which include hedge funds, private equity firms and pension funds, are likely to pick up an increasing share of financing services once provided exclusively by the big banks. The forecast comes in a report by […]
SEC Sues Petters Connecticut Feeder Fund, Manager Over Alleged Fraud
Bloomberg – A Connecticut hedge fund and its manager were sued by the Securities and Exchange Commission for disgorgement of gains made while sending hundreds of millions of investors’ dollars to fraud scheme operator Thomas Petters. The SEC complaint was filed […]
Defense – Raj is a Real Standup Guy
New York Post – Raj Rajaratnam, the New York hedge fund billionaire on trial in Manhattan federal court on insider trading charges, is such a jokester that friends, colleagues and business executives talking with him shouldn’t believe everything he says, […]
Nephila Hedge Fund May Be Exposed After Japan Quake
WSJ – Nephila Capital, a $2 billion Bermuda-based hedge fund firm, is named after a spider that, according to island folklore, can predict hurricanes. Earthquakes, like the ones that devastated parts of Japan and New Zealand in recent weeks, are […]
Spain’s savings banks held talks with hedge funds
Reuters – Spain’s struggling saving’s banks, or cajas, have held talks with major hedge funds and private equity groups to try to raise 15 billion euros ($21 billion) in fresh capital to avoid a bail-out, the Financial Times said on […]
What hedge fund managers know about making money
MarketWatch – Knowing what stocks are held by top hedge fund managers is a useful source of investment ideas and an important risk factor for individual investors to consider. But the data is dated, limited and can be misleading, so […]