Author Archives: Editor
Manhattan Attorney Charges 14 With Over $20 Million in Hedge Fund Insider Trading
New York (HedgeCo.net) – Allegations against 14 Wall Street professionals have emerged from the SEC’s ongoing investigation of insider trading at hedge funds and stock trading firms. The charged defendants include hedge fund managers and trading firm executives, lawyers and […]
‘Tyranny of Distance’ Hampers Australian Hedge Fund Revival
Bloomberg – After a decade running Sydney-based hedge fund Commodity Strategies Ltd., founder Rob Holroyd is planning a move to New York or Switzerland in search of cash. Investors have increased due-diligence after Bernard Madoff’s Ponzi scheme, and scrutiny is […]
EU hedge fund plan may choke investment-UK minister
Reuters – European Union plans to tighten regulation of hedge funds and private equity managers could choke off investments and deepen the credit crunch, British Business Secretary Peter Mandelson said in the text of a speech to be delivered on […]
Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says
NYT – Citigroup is preparing to relaunch its hedge fund business operations, after months of debate on the unit’s future, The Financial Times reported. The move comes after two years of performance problems and investor unrest at the unit, Citi […]
Four Indians among 20 charged in hedge fund scam
PTI News – The FBI has charged a further 14 people, including two Indians and Wall Street professionals, in a widening USD 53 million insider trading scam, the largest ever such case in the United States. The latest action brings […]
Hedge Fund Registration is Likely to be Required by the End of 2009 – How to Prepare Your Fund
New York (HedgeCo.net) – There are currently several proposals on the floor of Congress that would affect the future of hedge fund regulatory requirements. The proposals call for increased transparency and accountability of hedge funds in a governmental mission to […]
India shows hedge-fund savvy with gold grab
Business Day – India is going its own way with a $US6.7 billion ($7.4 billion) gold purchase. The transaction turned heads in markets. While India’s people are major gold hoarders, the government hasn’t been a big one. India really did […]
Weston Capital Management and Harcourt AG Launch an Incubation Joint Venture Hedge Fund
New York (HedgeCo.net) – Independent alternative investment group, Weston Capital Management LLC and Zurich-based Harcourt Investment Consulting AG, have joined in a strategic alliance to seed and develop new hedge fund businesses via Weston Capital’s incubation platform. The alliance will […]
State Oversight of Some Hedge Funds Raises Flags
WSJ – Pending legislation aimed at tightening regulation of financial services would give state authorities significant clout in overseeing hedge funds, a move some regulators fear could undermine Congress’s goal. The House Financial Services Committee passed a bill Wednesday that […]
What the SEC Should Learn from Galleon
Seeking Alpha – The government’s case against Raj Rajaratnam, founder of hedge fund Galleon Group, on the charge of insider trading, alleges that the hedge fund manager’s primary competitive advantage for investors was a web of connections close to or […]
Galleon generates gains in October as it unwinds
Market Watch – Galleon Group, the hedge-fund firm at the center of the industry’s largest insider-trading case, generated gains last month as it unwound most of its positions, according to a letter sent to investors Wednesday. Galleon, founded by Raj […]
Close of $12.2 Million Financing For Renewable Hedge Funds
New York (HedgeCo.net) – Renewable Funding, a U.S. financier of Property Assessed Clean Energy (PACE) programs, announced the close of a $12.2 million Series A round of financing. The investment was led by NGEN Partners LLC and Draper Fisher Jurvetson. […]