Author Archives: Editor
Cornering Rajaratnam Rekindles Dennis Levine Taking Down Drexel
BusinessWeek – Days after he was arrested in an insider-trading probe in 1986, investment banker Dennis Levine sequestered himself at his lawyer’s New York office to read the government’s evidence. As he finished, he gazed out a window some 30 […]
Another Hedge Fund ETF Wraps Up 2009’s New Launches
Benzinga – You may have had better things to do on New Year’s Eve Day, but the folks at WisdomTree launched the last new ETF of 2009 on December 31. The WisdomTree International Hedged Equity Fund is fund of funds […]
People Moves: Diamond Notch Fund Manager to Join WindTamer Board
New York (HedgeCo-net) – Wind turbine technology company WindTamer Corporation has elected hedge fund investment advisor Steven DiNunzio as an independent member of the Company’s Board of Directors. DiNunzio is currently CFO of Diamond Notch Asset Management, LLC, a multi-strategy […]
Hedge Funds Finish 2009 With a Bang
NYT – For the global hedge fund industry, 2009 marked one of best years of performance in close to a decade, The Financial Times reported, citing industry data. On average, hedge funds booked 19 percent returns last year, according to […]
Top 10 U.S. financial scandals of 2009
Reuters – The year of the Ponzi scheme will be followed by heightened regulation and more aggressive prosecutions, experts say. As 2010 approaches, regulators and prosecutors are scrambling to uncover and pursue more fraudsters, while lawmakers seek to close regulatory […]
Geneva Hedge Fund Outperforms Swiss Equity Market
New York (HedgeCo.net) – The DM Swiss Equity Asymmetric Fund completed it’s 2nd successful year of operation at the end of November 2009. The hedge fund outperformed the Swiss Equity market by more than 17% p.a. during that time. Managed […]
Calpers Tightens Rules On Board Members’ Investment Talk
WSJ – America’s largest public pension fund, Calpers, said its board tightened rules regarding board members’ communications about investment proposals and gave the board president authority to discipline members who violate policy. Board members of the California Public Employees’ Retirement […]
Decade’s Worst Funds Never Recovered From Technology-Stock Bust
Reuters – U.S. stock mutual funds with the biggest losses in the past 10 years, a list topped by Fidelity Growth Strategies and Vanguard U.S. Growth, were crushed by the market sell-off at the start of the decade and never […]
Caymans woos investors with immigration incentives
Reuters – The Cayman Islands are promising immigration incentives to keep foreign firms from quitting the Caribbean hedge fund hub, but locals want a bigger share of jobs in the lucrative financial sector. The British overseas territory, a beach-lined island […]
Mystery deepens over Trio’s missing $118m
Sydney Morning Herald – On June 30, managers acting for Trio Capital poured $47 million of their investments into a fund that is now being investigated for the whereabouts of $118 million in hedge fund investments. Administrators called in before […]
Fund Boss Built Empire on Charm, Smarts and Information
WSJ – Raj Rajaratnam liked to tell people that his first name meant “king” in Hindi, and, coupled with his last name, that made him “king of kings.” He told the story with the broad, toothy smile that had ingratiated […]
Lawsuit Says Harbinger Had Private Word on Bid
WSJ – An aggrieved suitor in a 2006 bid to buy an appliance firm alleges that Harbinger Capital Partners, a prominent hedge fund that won the takeover battle, received nonpublic information about the rival bid and accumulated a big stake […]