Author Archives: Editor
Ex-SocGen trader sentenced to 3-year jail term
Reuters – A jailed former Societe Generale trader convicted of theft of speed-trading computer code secrets was sentenced to 36 months in prison on Monday. Samarth Agrawal, 27, a citizen of India, was convicted in November by a jury of […]
Ethical investment hits $11 trillion
Hedge Funds Review – Socially responsible investment (SRI) hit $11 trillion in 2010. The increase was due to demand from European pension funds, universities and insurance companies and high net worth individuals (HNWIs). Hedge fund managers have been urged to stop […]
Hedge fund industry ‘awaiting Esma regulations’
Bobs Guide – Hedge funds are nervously anticipating the publication of new regulations drawn up by the European Securities and Markets Authority (Esma) later in the year, it has been claimed. According to a report in the Financial Times, the […]
News Secondary hedge fund market activity focuses on esoteric names
Hedge Funds Review – Such underlying assets include niche emerging market, private equity, real estate, life settlement and non-performing loan-related assets. Ironically, many of the funds currently trading are themselves selling these assets into their own respective illiquid secondary markets, […]
Moonlighting Hedge Fund Managers Charged With $30 Million Fraud
New York (HedgeCo.net) – The SEC has brought charges against four hedge fund managers who are accused of trading insider information they obtained while moonlighting as network consultants, Risk.net reports. “Samir Barai, Jason Pflaum, Noah Freeman and Donald Longeuil will be added […]
‘Big Short’ Author Sued by Hedge Fund
TheStreet – The author of “The Big Short,” Michael Lewis, his publisher W.W. Norton & Company, and FrontPoint Partners’ Steve Eisman are being sued for defamation by Wing Chau and his Harding Advisory. Chau, a collateralized debt obligation (CDO) specialist, […]
Hedge Fund Survey: Brokers to Spend $206 Million in 2011 on New Surveillance Programs
New York (HedgeCo.net) – With the financial services industry being overhauled under Dodd-Frank and MiFID II, new research from TABB Group estimates that regulatory changes will lead hedge funds across the US and Europe to spend $206 million in 2011 […]
U.K. Freezes Gadhafi Assets
WSJ – The U.K. froze the assets of Col. Moammar Gadhafi and his family a day after the United Nations imposed sanctions on Libya. On Sunday, Britain froze the assets of Col. Gadhafi, his daughter and four sons, including Seif al-Islam […]
DCA Global Raises $58.4M for Hedge Fund
CityBizList – DCA Global Investment Management has raised $58.38 million from 83 investors for the DCA Diversified Alternatives Portfolio, a hedge fund, according to an amended SEC filing. Last year around this time, the fund had taken in $51.66 million […]
Bullish Gold Bets Rebound in February as Mideast Tensions Mount
Bloomberg – Hedge funds boosted their bullish bets on gold to the highest since December, when the precious metal was headed to a record price, as tensions in the Middle East spurred investor demand for a haven. Managed-money funds held […]
Hedge Fund Wiretap Evidence To be Used In Galleon Case
New York (HedgeCo.net) – Federal judge Judge Richard Holwell ordered that hedge fund founder Raj Rajaratnam has to hand over the taped evidence to be used against him at the March 8 trial, Reuters reported today. The hedge fund founder was given […]
Hedge Funds’ Bets Soar on Libya
Bloomberg – Hedge funds raised bullish oil bets to a record as violent clashes in Libya curbed output from Africa’s third-largest producer, driving crude to $100 a barrel for the first time in more than two years. Muammar Qaddafi’s standoff […]