Author Archives: Editor
K1 Hedge Fund Manager Helmut Kiener Held Under Arrest
Bloomberg – Helmut Kiener, the K1 Group hedge- fund firm founder who was arrested yesterday, must remain in custody after a court’s ruling, said a spokesman for prosecutors in Wuerzburg, Germany. The German court made its ruling today after a […]
Hedge Fund Expert To Launch a Quant Equity Market Neutral Fund
New York (HedgeCo.net) –CEO at QuantZ Capital Management, Milind Sharma, is in the process of launching his own hedge fund, sources say. The hedge fund manager is reportedly in talks to raise $500 million for the QuantZ Quark Market Neutral […]
Another High Ranking Executive named in the Galleon Scandal
BNT – Another high ranking executive in the computer industry has become entangled in the Galleon hedge fund scandal that is sending tremors through Wall Street. Former Advanced Micro Devices Inc (AMD), chairman and chief Hector Ruiz is alleged to […]
Over Half a Billion Dollars Advanced to Madoff Customers
New York (HedgeCo.net) – The total amount of Securities Investor Protection Corporation (SIPC) advances committed to customers in the Securities Investor Protection Act (SIPA) liquidation proceeding for Bernard L. Madoff Investment Securities LLC (BLMIS) has topped half a billion dollars […]
Exotic Bets to Hedge a Portfolio
New York Times – When the global markets plummeted after Lehman Brothers declared bankruptcy in September last year, a handful of alternative investments remained stable or even made money for investors. Among them were “managed futures,” which are not for […]
Galleon paid Wall Street banks millions for “edge”: report
Reuters – Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times […]
Ad Salesman-Turned-Hedge Manager at Center of Loss
Bloomberg – Helmut Kiener went from selling advertising for telephone books and getting paid by the ad to starting a German hedge-fund firm that would eventually make bets using millions borrowed from such banks as Barclays Plc, JPMorgan Chase & […]
BNY Mellon Wins Hedge Fund Admin. Award
New York (HedgeCo.net) – BNY Mellon was one of eight industry-leading companies to be nominated for the honor as part of HFMWeek’s 2009 U.S. Service Provider Awards, which were presented in New York on October 22. BNY Mellon’s Alternative Investment […]
More brokers look to ETFs to replace hedge funds
Reuters – As wealthy investors stream out of hedge funds this year, Wall Street is trying to lure them back with a much simpler product: exchange-traded funds. Most of the new programs, like one introduced by Barclays Wealth last week, […]
OakRun Hedge Fund Registers in Singapore
New York (HedgeCo.net) – Hedge fund manager OakRun Capital celebrated their one year anniversary at the same time as registering its flag ship fund OakRun Income Plus Fund with Monetary Authority of Singapore (MAS). Through a distribution partnership in Asia, […]
Galleon Wind-Down Of Hedge Funds Is ‘Largely Complete’ -Source
WSJ – Galleon Group’s liquidation of its hedge funds’ portfolios is “largely complete,” a person familiar with the matter told Dow Jones Newswires on Tuesday. The person said that the liquidation was done under “very difficult conditions,” considering Raj Rajaratnam’s […]
Cioffi Told Investors Only ‘Couple Million’ Redemptions on Call
Bloomberg – Bear Stearns Cos. hedge fund manager Ralph Cioffi told investors in April 2007 that there had been a “couple of million” dollars in redemptions, days after being told an investor asked to withdraw $57 million. Evan Kerr, a […]