Category Archives: Syndicated
Why no hedge fund has made a killing out of the euro crisis
The Economist – Market turmoil usually spells good news for someone. When America’s housing market collapsed, the beneficiaries were hedge-fund managers such as John Paulson of Paulson & Co, who made $15 billion shorting subprime mortgages in 2007. Why, then, […]
New Century Hedge Fund’s Onsa Sentenced for Ponzi Scheme
Bloomberg – Former hedge-fund manager Ward Onsa was sentenced to 6 1/2 years in prison for using his firm, New Century Investment Management LLC, to run a Ponzi scheme. Onsa pleaded guilty in Brooklyn, New York, federal court in December […]
Investors demand hedge funds show clean hands on Libor
Reuters – Investors are pushing some of the world’s biggest hedge funds to show that their traders played no part in the interest rate rigging scandal plaguing major banks. These hedge funds have responded with in-depth internal probes which they […]
German govt wants to limit hedge funds to professionals
Reuters – German Finance Minister Wolfgang Schaeuble wants to limit direct investment in hedge funds to professionals in order to protect private investors from risky assets, via a new bill regulating alternative investment funds, his ministry said on Wednesday. “Interests […]
Broadband Research’s Kinnucan Pleads Guilty In Tip Case
Bloomberg – John Kinnucan, the Broadband Research LLC founder who earlier refused to cooperate in an FBI probe of insider trading, admitted passing illegal tips on companies to hedge-fund clients and obstructing justice. Kinnucan, 55, who was indicted in February, […]
Canyon Value Hedge Fund Up 10.4% Year to Date
Value Walk – Canyon Partners manages over $19 billion in assets. The firm was started by ex-Drexel Burnham traders; Josh Friedman , Mitchell Julis. The flagship hedge fund is the Canyon Value Realization Fund. According to sources with direct knowledge of the matter, […]
Ex-Goldman trader in Asia plans credit hedge fund
Reuters – Former Goldman Sachs managing director in Hong Kong Christopher Mikosh is preparing to launch a credit hedge fund by the fourth quarter of this year or early 2013, sources said on Thursday, lifting prospects for the $127 billion […]
Israel belatedly joins the global hedge fund boom
Harretz – Globally, hedge funds control about $2.3 trillion in assets, compared to $23.8 trillion for mutual funds at the end of 2011. While the latter are subject to ever-increasing supervision and growing transparency, regulation of hedge funds remains weak. […]
Major hedge fund dumps Best Buy
Hedge fund manager extraordinaire David Einhorn bet big on Best Buy stock. Then he lost big on Best Buy stock. In a letter to investors Monday, Einhorn’s Greenlight Capital said it sold off its 2.27 percent stake, or 7.7 million […]
German government wants to limit hedge funds to professionals
(Reuters) – German Finance Minister Wolfgang Schaeuble wants to limit direct investment in hedge funds to professionals in order to protect private investors from risky assets, via a new bill regulating alternative investment funds, his ministry said on Wednesday. “Interests […]
Technology Analyst Expected to Plead Guilty in Insider Case
New York Times – A technology research analyst who gained notoriety for taunting the federal government over its pursuit of insider trading is expected to plead guilty in United States District Court in Manhattan on Wednesday, according to people briefed […]
Stop Fiddling With Your Hedge Fund Strategy Allocation
aiCIO – “Don’t just do something, sit there” may be precisely the advice that hedge fund investors need to hear, according to an article published by the CFA Institute. Hedge fund investors should actively rebalance their portfolio within certain bounds […]