Author Archives: Editor
Japan Hedge funds lead worst 2-day stock rout since ’87
Reuters – Japanese stocks plunged 10.6 percent on Tuesday, posting the worst two-day losing streak since 1987, on reports of rising radiation near Tokyo, suggesting any deterioration at a quake-hit nuclear plant could trigger more panic selling led by hedge funds. The yen tripped […]
The HedgeCo Spring Networking Event
New York (HedegCo.net) – The end of a cold winter is upon us, and it’s time to celebrate the winter thaw! The HedgeCo Spring Networking Event is a chance for investors, hedge fund managers, and other industry professionals to come […]
Greenwich man withdraws lawsuit against JPMorgan
Greenwich Time – A Greenwich man who sued JPMorgan Chase & Co., claiming he was singled out for blowing the whistle on alleged deceptive investment and management tactics, has withdrawn his lawsuit, according to court records. The lawsuit, filed in July 2010 […]
Hedge Funds and the UK Bribery Act
HedgeWeek – The UK Bribery Act has been heralded by some as a tough new anti-corruption measure, and criticized by others due to the absence of clear guidance on how corporates should design policies and procedures to promote compliance with […]
SEC chair admits organization’s credibility takes a hit over former lawyer’s ties to Bernie Madoff
NY Daily news – Faced with tough questions about why her agency’s top lawyer was allowed to write briefs and perform other legal work pertaining to Bernie Madoff despite his personal stake in Madoff’s epic Ponzi scheme, the chairwoman of the Securities […]
Hedge-Fund Survey, Popcorn, Energy Bill: Compliance
BusinessWeek – One in four hedge funds is already clearing over-the-counter derivative trades, up from none in October, before new rules require changes later this year to the $583 trillion market, according to analysts at UBS AG. Most interest-rate, credit-default […]
Hedge Funds Increase Bullish Sugar Bets to Highest in a Year
Bloomberg – Hedge funds increased bullish bets on sugar to the highest in more than a year on expectations that worldwide demand will increase. In the week ended March 8, funds and money managers increased net-long positions, or wagers on […]
Hedge funds expected to set new record for assets in 2011
Investment International – Hedge funds around the world are expected to attract $210 billion in new money this year, helping to set a fresh record for assets, according to a survey by Deutsche Bank. The increase of new money, roughly […]
Ex McKinsey chief Rajat Gupta goes on leave from his PE fund
Domain B – Former McKinsey boss Rajat Gupta, accused by the US Securities Exchange Commission of conspiring with hedge fund executive Raj Rajaratnam in an insider trading scam, has opted for ‘leave of absence’ from New Silk Route, a PE […]
Ex-Citadel employee turned rival charged with perjury
Crain’s — Cook County Sheriff Thomas Dart set bond at $100,000 for millionaire hedge-fund trader Mikhail Malyshev, who was indicted on two counts of perjury on Wednesday. The sheriff’s office began an investigation of Mr. Malyshev, 41, after his former […]
Hedge fund paid for inside data, state says
Boston.com – Secretary of State William F. Galvin charged a Cambridge hedge fund manager with using inside information about drug trials from a so-called expert network firm to profit on trades in pharmaceutical stocks. In a complaint filed yesterday, the […]