Author Archives: Editor

Bloomberg – Hedge funds slashed bullish oil bets from an all-time high on concern that demand in Japan will tumble after the country’s biggest earthquake. Oil climbed as allied air strikes in Libya threatened to prolong a supply outage in North […]

Guardian – Lawyers defending the hedge fund manager in the biggest US insider-dealing trial in decades have laid into the US government’s star witness, branding him a money launderer and tax dodger who cut a plea deal to avoid criminal […]

Reuters – Asia-focused hedge fund Central Asset Investments (CAI) has cut its entire exposure to Japan, including stakes in blue-chip companies such as Canon Inc and Toyota Motor Corp , its chief executive said on Friday. Eddie Tam, whose CAI Global […]

NYT – While other investors have been getting whipsawed by the roller-coaster action in global markets since the earthquake struck Japan a week ago, there are rich pickings these days for Mr. Adler, who runs a $275 million hedge fund […]

Reuters – Hedge funds are keeping their heads down as Japan’s nuclear crisis deepens, although a handful are taking profits after some unexpected gains or positioning themselves for long-term weakness in the yen. Managers had been slowly increasing their interest […]

Reuters – The largest U.S. tax preparer H&R Block Inc said hedge fund investor Richard Breeden would step down as its chairman and director at the end of the 2011 tax season. Breeden, who owns nearly 5 percent of the […]

Bloomberg – U.S. House Democrats are looking to JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. to pick up the tab for housing programs targeted by Republican budget cuts. Representative Barney Frank of Massachusetts, the […]

Reuters – Neil Chelo’s job is to be able to tell good hedge fund managers from not-so-good ones. An investment analyst, Chelo honed his skills under the tutelage of Harry Markopolos, the forensic fraud investigator widely credited with spotting Bernie […]