Author Archives: Editor
Analysis: Insider trading probe casts shadow over 2011
Reuters – Some U.S. money managers may find their New Year’s Day hangover lasting well into 2011 as federal investigators step up arrests in a widening Wall Street insider trading probe. Legal experts say Thursday’s arrest of three technology company […]
Two Arrested In $20 Million Hedge Fund Fraud Scheme
New York (HedgeCo.net) – New York Federal prosecutors have charged two more hedge fund hedge fund managers with fraud, according to Courthouse News Services. The 4-count indictment says that two New Jersey hedge fund managers, William Shternfeld and Benjamin Koifman, […]
Probes tarnish hedge funds
New Jersey Business – Joseph Contorinis was in a mood to celebrate his big score, so he made reservations for dinner at one of Manhattan’s most expensive restaurants. The tab for sushi and sake at Masa came to $1,150, but […]
Review of hedge fund launches, closures, trends, regulatory and legal events – week 50
Opalesque – A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches James Chanos (hedge fund); John Paulson (Ucits fund); […]
Copper Gains on U.S. Outlook, Hedge Funds Raising Bullish Bets
Bloomberg – Copper rose for a second day in London amid speculation that the U.S. economy is recovering and after hedge funds increased bets the metal may gain. U.S. third-quarter growth may be revised to an annualized 2.8 percent, the […]
EurekaHedge: Hedge Funds Post Positive Returns Of 0.40%
New York (HedgeCo.net) – All regional mandates ended the month with flat to positive returns as the Eurekahedge Hedge Funds Index witnessed a fifth consecutive month of back-to-back positive returns. The Eurekahedge Hedge Fund Index is up 7.72% November YTD, […]
UBS says new ETF gives liquid access to hedge funds
Reuters – Switzerland’s UBS said on Friday it had launched an investment product that will give investors access to a broad basket of hedge funds in a single, listed investment. UBS, Europe’s largest wealth manager by assets, teamed up with Chicago-based […]
Hedge fund cases point to a maze of alleged insider trading
LA Times – The probes grew out of a 25-person hedge-fund task force created by the Securities and Exchange Commission in 2007, which developed a computer program to analyze stock market movements and identify not only suspicious trading but also […]
San Jose City Council selects financial experts for pension boards
Mercury News – San Jose Mayor Chuck Reed’s longtime goal to appoint outside finance experts to the two boards that oversee city pension funds was mostly completed Thursday after the City Council named seven candidates to open seats. The six […]
Stock Picker Vinik Turns to Index Funds After Beating Market
SF Gate – Jeffrey N. Vinik, the hedge-fund manager whose stock selections have beaten markets for the better part of two decades, has invested almost half of his U.S. equity portfolio in passive index funds. Of the $3.39 billion in […]
London Investment Firm to Launch Twitter-Based Hedge Fund
Mashable – A London-based investment firm is getting ready to launch a hedge fund using Twitter as a stock market predictor. Investors have been playing with the idea of Twitter as a stock market analysis and speculation tool for some time […]
Five Arrested In Hedge Fund Insider Trading Probe
New York (HedgeCo.net) – Five research executives have been arrested by the FBI, James Fleishman, from Primary Global Research, Mark A. Longoria, from Advanced Micro Devices, Walter Shimoon, from Flextronics International, and Manosha Karunatilaka from Taiwan Semiconductor Manufacturing. The Washington […]