Author Archives: Editor
Goldman CEO to Testify at Rajaratnam Trial
TheStreet – Goldman Sachs CEO Lloyd Blankfein will testify for the U.S. government at the coming trial of hedge-fund manager Raj Rajaratnam, The Wall Street Journal reported, citing people familiar with the matter. The Securities and Exchange Commission has charged […]
NY Knicks: Hedge Fund vs. Private Equity All-Star Game
New York (HedgeCo.net) – Over 100 leaders from the Wall Street community are planning to join New York Knicks legends, corporate sponsors, and high school students for an exciting charity basketball tournament hosted by Youth, I.N.C. (Improving Nonprofits for Children). […]
UCITS Index gains +0.40% in February
New York (HedgeCo.net) – After the loss taken in January the UCITS Hedge Fund Strategy Index reported positive numbers again for February 2011. This was due to a very strong start into the month, as after the first week of trading […]
NYC Police fund picks Permal for first hedge fund investments
Global Pensions – New York City’s police pension hired Permal Group to invest in hedge funds, choosing the Legg Mason unit over firms including Blackstone Group. The Board of Trustees of the New York City Police Pension Fund voted yesterday […]
Courtroom showdown in sweeping U.S. trading probe
Reuters – A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government […]
Family Dollar Tells Hedge Fund: Shop Somewhere Else
NPR – Family Dollar’s board of directors has unanimously rejected a takeover bid from a New York hedge fund. The offer from the Trian Fund had put the Charlotte-based company’s value at $6.99 billion. The discount retailer’s stores have thrived […]
The deep weirdness of some hedge fund interviews
eFinancial Careers – If you interview at an investment bank, you may be asked weird questions. If you interview at a hedge fund, the chances of this happening are higher. Last year, research conducted by eFinancialCareers in the US concluded that […]
Hedge funds could clip News Corp’s bid for BSkyB
The Telegraph – Just like a plotline from a Sky drama, there’s an intriguing twist in the battle for BSkyB. The chief opponent of News Corporation’s bid to buy BSkyB is hedge fund manager Crispin Odey – who is also […]
Credit Suisse: Hedge Funds Up in February
New York (HedgeCo.net) – Returns for the Credit Suisse LAB Liquid Indices suggest that hedge funds experienced positive performance in February according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “The Credit Suisse Liquid Alternative […]
Fugitive Kim used Bernie M.O.
NY Post – Fugitive hedge-fund manager Brian Kim, who stands accused of cheating investors out of $4 million, appears to have scrambled to cover a telltale sign of his alleged fraud on the heels of Bernie Madoff’s massive Ponzi scheme. […]
Hedge fund manager Paulson gets HK securities license
Reuters – Billionaire hedge fund manager John Paulson has won a securities license in Hong Kong, joining the likes of GLG and Soros Fund Management making a beeline for the high potential Asian alternative investment management industry. Paulson’s win, following […]
SEC eyes hedge fund bonus curbs
Telegraph -The Securities and Exchange Commission (SEC) voted yesterday for a proposal that would force brokers and investment advisers, including hedge funds, with more than $1bn (£610m) in assets to reveal staff bonus arrangements annually. The regulator could then ban […]