Category Archives: Syndicated
For Hedge Fund Whistleblower, Waiting Was the Hardest Part
WSJ – When Frank Harrison decided in 2009 to go to the Federal Bureau of Investigation with allegations of fraud at hedge fund New Stream Capital LLC, he wasn’t prepared for one of the most nerve-wrecking aspects of being an […]
Your hedge fund landlord isn’t all that bad
Fortune – There’s nothing inherently wrong with investor-backed rental housing, despite what The New York Times and others suggest. Aside from Congress, perhaps, it’s hard to think of a group of people that Americans dislike more than financiers and landlords. […]
Hedge-Fund Liquidators Sell Manager’s House
WSJ – Liquidators of the collapsed hedge fund Weavering Capital have sold a house belonging to its manager Magnus Peterson for close to £1 million ($1.64 million), a small step in their efforts to recoup $450 million in damages that […]
Ackman taps Deutsche Bank, UBS for hedge fund portfolio IPO
Reuters – Billionaire investor William Ackman has tapped Deutsche Bank and UBS to handle the listing of one of his hedge fund portfolios in London later this year, three sources familiar with the matter said on Wednesday. Ackman had told […]
Loeb’s Reinsurer Slumps This Year as Hedge-Fund Investors Gain
Bloomberg – Dan Loeb’s foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd., a Bermuda-based firm that relies on the billionaire money manager to oversee its assets, rallied […]
New regulation ‘will increase access to hedge funds’
Business Day – New legislation by the end of the year is expected to attract more individual investors to the previously unregulated hedge fund industry. High net-worth South Africans have been able to access these funds, which are designed to […]
Scottish Vote Said to Push Hedge Fund to Brace for Turmoil
Bloomberg – East Lodge Capital Partners LLP is buying protection against losses on U.K. government debt and the pound before the Scottish independence vote in two weeks’ time, according to a person familiar with the matter. The London-based hedge fund […]
Court Orders Hearing on Citigroup Versus Hedge Fund Case On Argentina Threat
Wall Street PR – The diversified financial services provider Citigroup Inc (NYSE:C) has been advised to face a hearing by the U.S. judge on a subpoena of a hedge fund seeking proof of Argentina threat. The judge was also overseeing […]
Insider traders in U.S. face longer prison terms, Reuters analysis shows
Reuters – U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is […]
Rafferty Asset Management Closing Five Leveraged Exchange-Traded Funds
PRNewswire – The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter five exchange-traded funds (“the Funds”) based on the recommendation of Rafferty Asset Management, LLC, the Trust’s advisor. Due to the Funds’ inability […]
UCITS Alternative Index – August 2014 Performance
UAI Benchmarks The UAI Global index progresses by 0.51% in August and is now up 1.12% since the beginning of year. The best performing strategy this month is CTA with a progression of 2.56%. Coming next are FX and Emerging […]
Hedge-fund billionaire’s wife says she was coerced into signing pre-nup
Chicago Sun Times – It looks like the gloves are off in the divorce of one of Chicago’s wealthiest couples. In an explosive response to the divorce filing from her husband, billionaire investor Ken Griffin, Anne Dias Griffin filed a […]