Author Archives: Editor
Boulder investment firm Agile Group sues hedge fund in Madoff scheme
DailyCamera.com – Alleging the firm was “little more than a marketing arm of (Bernie) Madoff,” the Boulder-based Agile Group is suing the investment group to which it lost millions of its clients’ money. Earlier this month, Agile Group, as well as […]
Derwent Capital Markets Will Track Twitter to Predict Stockmarket Movement
Bloomberg – Derwent Capital Markets, a family- owned hedge fund, will offer investors the chance to use Twitter Inc. posts to gauge the mood of the stockmarket, said co-owner Paul Hawtin. The Derwent Absolute Return Fund Ltd., set to start […]
SEC Charges SF Pegasus Hedge Fund Advisers With Fraud
New York (HedgeCo.net) -The SEC has charged two San Francisco-based hedge fund adviser firms along with their former CEO, former general counsel, and former portfolio manager with defrauding investors in a $100 million hedge fund that invested in subprime automobile […]
AppleGate: Hedge Funds Were Leaked iPad Secrets
New York (HedgeCo.net) – One of the five research executives arrested by the FBI last week, Walter Shimoon, from Flextronics International, is alleged to have profited illegally from Apple Inc. technology he was privy to, according to a criminal complaint. Shimoon […]
SEC Seeks Wiretaps From Rajaratnam For Civil Case After Judge Admits Them
Bloomberg – The U.S. Securities and Exchange Commission wants Galleon Group co-founder Raj Rajaratnam to turn over his copies of wiretaps made by the Justice Department for a related civil suit after a judge ruled they’re admissible in the government’s criminal prosecution […]
Hedge Funds May Skirt Direct Fed Scrutiny: Source
The Post Chronicle – The U.S. Federal Reserve does not believe any one hedge fund can topple the financial system and therefore the private pools of capital may escape direct supervision by the central bank, an industry source familiar with […]
Analysis: Probe opens window on Wellington hedge funds
Reuters – Their names invoke bubbling brooks and tropical islands, but now a host of obscure hedge funds may be bringing Wellington Management Co some unwanted attention. The secretive Boston money manager is one of more than 20 firms, mainly […]
Former Hedge Fund Manager Gets Six Years Behind Bars
New York (HedgeCo.net) – A hedge fund manage formerly of Jefferies Group Inc has been sentenced to six years after being convicted of fraud in October, according to a Reuters report. “If it feels like those in the game are conducting insider […]
Witness’s Aid Hints at Growth of Case
WSJ – A key cooperating witness working for the U.S. in a major insider-trading investigation made more than 60 calls with corporate managers, seeking to gather evidence for the government, a person familiar with the probe says. The activity by […]
Q&A: How hedge funds became the focus of insider-trading probe
Minneapolis Star Tribune – Sebastian Mallaby, a veteran journalist who has worked for the Washington Post and the Economist, came out this summer with what has been described as the definitive study of the hedge fund industry with his book […]
Fed Not in a Rush to Oversee Hedge Funds
NY Observer – The United States Federal Reserve, which is charged with overseeing the financial system, is not convinced that there’s any hedge fund that could endanger the entirety of U.S. capitalism, and therefore it’s not convinced that the funds […]
Woman’s Death at 27 Shocks Her Friends in Banking and Charities
NYT – At a fairly young age, Jessica Fashano had dedicated much of her life to helping others, heightening her commitment to charitable work as she rose in the banking world. She spearheaded fund-raisers for the Acumen Fund, which makes small-business […]