Author Archives: Editor
Switzerland retains crown as world’s most competitive nation
Dow Jones – An annual survey from the World Economic Forum reveals Switzerland is the most competitive nation in the world, seeing it hold on to its crown after knocking the US from top spot in 2009. The annual competitiveness […]
SEC Busts Hedge Fund Manager
Courthouse News Services – The SEC charged Colorado investment adviser with defrauding his elderly clients by pushing his own companies’ risky, ill-funded hedge funds, and taking millions of dollars in fees along the way. Neal Greenberg, 54, of Boulder, pushed […]
Colorado sues Boulder fund manager
Denver Post – Colorado authorities have sued a Boulder private-fund manager, claiming he misled investors who had placed $25 million under his management and spent their money on himself. A Denver judge on Wednesday froze the assets of Mark Hamilton […]
Goldman Has Erred, But So Has the SEC
WSJ – An obvious conclusion comes to mind on the news that Goldman Sachs has been fined £17.5 million by the FSA for not letting it know that Fabrice Tourre, a trader who moved to London from New York in […]
SEC probing certain investment advisory firms: report
Reuters – The securities regulator is investigating investment advisory firms that channel investors’ money into hedge funds, the Wall Street Journal reported. The probe will investigate whether the firms are properly supervising client money and dealing with potential conflicts of […]
EU Punts Again on Question of Hedge Fund Passport
Forbes – The EU has again postponed a planned vote on a new EU-wide regime for the registration and regulation of hedge funds and their managers. American funds have been awaiting a final decision on these proposals with a mixture […]
A new year at Harvard
Boston Globe – Harvard University’s endowment climbed 11 percent for the year ended June 30, adding $1.4 billion to the school’s wealth but underperforming other large funds and the stock market. The nation’s largest endowment, with $27.4 billion in assets, […]
People Moves: Steve Pitkin Joins Citi as Head of Investor Services for Hedge Funds
New York (HedgeCo.net) – Steve Pitkin has been appointed Head of Investor Services for its Hedge Fund Services unit in Citi’s $11.3 trillion Global Transaction Services. Reporting into Mike Sleightholme, Global Head of Hedge Fund Services, Pitkin is responsible for providing […]
Hedge Fund Exec Nabbed for Diversifying to Pot: Cops
Connecticut – An executive at a Ridgefield hedge fund is accused of diversifying her investments and dabbling in the illegal world of marijuana farming. Tara Bryson, 36, and her boyfriend, Michael Hearl, 38, were arrested in July and police seized more […]
Goldman Sachs Said to Be Fined by U.K. Financial Regulator
Bloomberg – Goldman Sachs Group Inc., which agreed to pay $550 million in July to settle a U.S. regulator’s fraud lawsuit, will pay a separate fine to the U.K.’s Financial Services Authority, said a person briefed on the FSA’s decision. […]
Eurekahedge: Hedge funds up 0.71% in August
New York (HedgeCo.net) – Independent data provider and research house Eurekahedge reports that hedge funds were up for the second month running as managers outperformed the underlying markets in August. The Eurekahedge Hedge Fund Index was up 0.71%1 during the […]
Vote on EU move to regulate hedge funds delayed again
Reuters – The European Union will again delay voting on regulation aimed at giving foreign hedge funds a single license to operate in Europe due to disagreement over the move, a senior lawmaker said on Wednesday. Jean-Paul Gauzes, the French […]