Author Archives: Editor
Hedge Fund Launch: The Quant Global Equities fund
New York (HedgeCo.net) – The Luxembourg Financial Group has launched The Quant Global Equities fund with daily liquidity that will follow the investment strategy of the award winning BVI based QAM Global Equities Fund, and is available initially in both […]
Prosecution Filing Shines Light on Possible Galleon Defense
WSJ – Galleon Group founder Raj Rajaratnam shouldn’t be allowed to use conversations with a trader at his hedge fund that were secretly recorded by a cooperating witness as part of his defense against insider-trading charges, federal prosecutors said in a […]
Ex-Fund Manager Charged in SEC Death Threats Blames Retaliation for Plight
Bloomberg – For Vincent P. McCrudden, the former hedge-fund manager charged with threatening to kill financial regulators including U.S. Securities and Exchange Commission Chairwoman Mary L. Schapiro, his prosecution is the culmination of a decade-long government vendetta. McCrudden was arrested […]
Man Group to sell 25% interest in rival BlueCrest back for $633m
BBR – Hedge fund manager Man Group has agreed to sell its 25% interest in rival BlueCrest back to the firm for $633m. Man’s investment in BlueCrest, which dates from 2003, is expected to generate a pre-tax profit on disposal […]
Ex-Intel man ‘tipped’ Raj Rajaratnam
BBC – A former Intel executive has said that he passed company information to his friend Raj Rajaratnam in the biggest Wall Street insider-trading trial in decades. Rajiv Goel made the claims as a witness for the prosecution. Former billionaire hedge-fund […]
Complying Won’t Be Cheap For Hedge Funds, Private Equity
On Wall Street – Alternative investment funds which need to register with the Securities and Exchange Commission for the first time will find it a costly process, according to research firm Aite Group. Hedge funds and private equity funds will […]
Hedge fund industry to change as pension investment rises
Global Pensions – Hedge fund managers will have to lower fees, change their business strategies and lower their risk tolerance as pension funds increase their allocation to the asset class, Moody’s Investors Service believes. In an Industry Outlook paper published […]
FCA eyes third Asia focused hedge fund seeding
Reuters – London-based FRM Capital Advisors (FCA) expects to seed three to four hedge funds in 2011, one of which could be in Asia, Chief Operating Officer Patric de Gentile-Williams said. FCA is open to seed managers moving out of […]
Hedge Fund Tax Alert: Cayman Islands Secures Agreement with India
New York (HedgeCo.net) – The Cayman Islands signed its twenty-second Tax Information Exchange Agreement (TIEA) with India yesterday. The Cayman Islands is on the Organisation for Economic Cooperation and Development’s (OECD) ‘white list’ of jurisdictions that implement international tax standards for […]
Jury hears more tapes at NYC insider trading trial
WSJ – Jurors at the insider trading trial of a hedge fund manager listened on Monday to more wiretaps that prosecutors say show he was brazenly trading on secret information about pending technology industry deals to help make himself one […]
Rajaratnam made millions on tips from Indian Americans
Hindustan Times – Hedge fund tycoon Raj Rajaratnam made $4 million in a day by doubling his stake in Hilton thanks to a tip from an Indian origin Moody’s analyst, federal prosecutors have charged. The Sri Lankan American co-founder of […]
The Dumbest Insurance Fraud Cases of All-Time
With insurance fraud cases on the rise as people struggle through a tough economy, Life Quotes, Inc. and the Coalition Against Insurance Fraud reveal the Dumbest Insurance Fraud Cases of All-Time. Desperation, greed and the lack of common sense are […]