Author Archives: Editor
Asia hedge funds’ star power in focus after Highbridge exec’s exit
Reuters – The $125 billion Asian hedge fund industry’s star power just got bigger, with Carl Huttenlocher quitting Highbridge Capital as head of Asia investments to set up his own start-up in the region. As the fund-raising climate for hedge […]
Libyan-Backed Hedge Fund’s Fundraising Challenged by Uprising
Former Bear Stearns Cos. executive Frederic Marino started an $800 million hedge fund with the backing of Muammar Qaddafi’s government. Now his plan to attract new investors is being threatened by fighting in the streets of the Libyan capital of […]
The 10 Leading Hedge Funds Made $28 Billion in Second Half of 2010
Guardian – Hedge funds have roared back from the financial crisis, delivering profits of $129bn (£79bn) to their clients in just six months. While many industries are still suffering from the aftermath of the global economic downturn, hedge funds appears […]
Former Goldman Director Charged In Galleon Case
New York (HedgeCo.net) – Former Goldman Sachs director Rajat Gupta has been charged with allegedly tipping hedge fund manager Raj Rajaratnam off to insider information in the giant SEC vs. Galleon case. Gupta is alleged to have told Rajaratnam of a $5 billion investment […]
Alleged fraud raised Victoria man into ranks of nouveau riche
Vancouver Sun -In a complaint filed last week in U.S. District Court in California, the SEC alleged that, from September 2005 to September 2007, Colin Heatherington and two associates acquired shares of a handful of junior companies, manipulated their share […]
Accused Hedge Fund CEO Allegedly Called Analyst ‘Idiot’
CNBC has learned more details about alleged tensions inside the hedge fund Galleon Management as the fund’s founder, Raj Rajaratnam, presented his team with alleged insider information about Goldman Sachs. Attorney Stuart Meissner, who represents a former Galleon employee in a whistleblowercase […]
Falcone allows ‘direct investments’ in LightSquared
Reuters – Billionaire trader Philip Falcone is restructuring his hedge fund’s multibillion-dollar investment in LightSquared to make it easier to make “direct investments” in the upstart wireless telecommunications company. Falcone announced the restructuring on Friday in an email to his […]
“Side Pocket” Investments Prove Costly For California Hedge Fund Manager
New York (HedgeCo.net) – The SEC has charged a well known Bay Area hedge fund manager and philanthropist with concealing more than $12 million in investment proceeds that he owed investors in his fund. Lawrence Goldfarb agreed to pay more than […]
Hedge fund investors make $28 billion in six months
City Wire – New research shows the ten biggest hedge funds in the world made their investors $28 billion in the second half of 2010. The Financial Times published data from LCH Investments on Wednesday which showed just how much hedge […]
Former AMD Manager in Talks to Plead Guilty in Insider Case
WSJ – A former technology company employee who freelanced as a consultant for dozens of investment firms is in talks with prosecutors to plead guilty in an insider trading scheme, his lawyer said Monday. Mark Anthony Longoria, previously a Texas-based […]