Author Archives: Editor
Trader’s ‘Nice Little Kiss’ Tests Reach of Regulators
WSJ – A series of phone calls between a Deutsche Bank AG bond salesman and a hedge fund trader has landed the two men at the center of a courtroom test of how far federal regulators can go in pursuing […]
AM Investment, BAM Capital Merge as Volatility Funds Suffer
BusinessWeek – AM Investment Partners LLC, a $300 million hedge-fund firm, will combine with BAM Capital LLC as managers that bet on price swings seek to shore up assets eroded by the financial market rebound. “This is a merger of […]
Rambourg identified as employee fined for frontrunning
CityWire – Gartmore has confirmed that suspended fund manager Guillaume Rambourg was the individual fined €300,000 by the Italian regulator for frontrunning a broker note in 2006 The company had disclosed in its results that an unnamed employee and a […]
Hedge-Fund Returns Dragged Down by ‘Hidden Bias’: Chart of Day
Bloomberg – Hedge-fund returns are worse than industry figures would suggest because many funds on the brink of failure stop reporting on their performance, according to a new academic study. These omissions create a “hidden survivorship bias” because funds in […]
Dubai Opens Its Shariah Hedge Fund to Investors
WSJ – Dubai is opening up its inaugural hedge fund to investors after an index-beating debut. The Middle East emirate’s first fund of funds, which was launched at the beginning of 2009, beat comparable indexes by posting a 41% return […]
Hedge fund plans US-wide 4G data network
Electronista – Harbinger Capital Partners, a New York-based hedge fund, has last week revealed it plans to build a nationwide LTE network using terrestrial spectrum that is owned by satellite networks. The firm filed its plans with the FCC on […]
Vegas Hedge Fund Sued For $8.2 Million
New York (HedgeCo.net) – Ethan Conrad, Frank Sim and Harrold Pressly are being accused of running a bogus hedge fund, the Black Card Group, based in Las Vegas. The allegations, according to Courthouse News Services, claim a family was cheated […]
FSA investigation hits Gartmore shares
Telegraph – Despite denials of any wrongdoing shares in Gartmore have fallen more than 10pc over the past week amid fevered City speculation about links between Roger Guy, a Gartmore fund manager and Clive Roberts, head of equities at Exane […]
Investment manager gets 9 years in prison for fraud
CNN – A Beverly Hills, California, investment adviser who admitted to bilking clients of more than $8 million was sentenced Monday to nine years in prison for the fraud, according to the U.S. Department of Justice. In sentencing Michael McCready, […]
Talbots moves to negate hedge fund suit
BizJournals – Shrugging off a recently filed lawsuit that threatens to delay its pending merger, The Talbots Inc. has extended the deadline for a warrants-exchange offer originally slated to expire March 26. Last week the Hingham, Mass.-based clothing retailer said […]
Joe Bloggs Offered Hedge Fund Punt For £7k
SkyNews – A new hedge fund has been created which gives ordinary punters a chance to bet on the strength of the global economy. The computer-driven fund is the brainchild of star fund manager Dr Sushil Wadhwani, whose strategies people […]
Hedge fund group spent $1.1 million lobbying in 4Q
BusinessWeek – A trade group representing hedge funds spent nearly $1.1 million in the fourth quarter lobbying federal officials on proposed financial regulations, including a measure that would require hedge funds to register with the Securities and Exchange Commission. The […]