Forbes – Damn, here we go again. On June 27, 2012, a federal grand jury in Newark, NJ indicted George Sepero, 39, Glen Rock, NJ on one count of wire fraud conspiracy and 16 counts of wire fraud involving for […]

Reuters – Two former hedge fund portfolio managers and an analyst charged in a $62 million insider trading scheme will go to trial together in October, a U.S. judge ruled on Thursday [June 29]. Lawyers for each of the defendants […]

Washington Post – On a scorching April morning in Monterrey, Mexico, Enrique Garcia, Vitro’s local plant manager, crosses under a mural that commemorates the 100th anniversary of the company’s first glass factory. He points to brick structures from the original […]

Bloomberg – Tudor Investment Corp. opened a $500 million hedge fund, its first new fund to bet on macroeconomic trends in a decade, according to four investors briefed on the matter. Founder Paul Tudor Jones won’t be among the 14 […]

HedgeWorld – The Financial Industry Regulatory Authority, the U.S. securities industry’s self-funded regulator, lost $84 million last year because of weak industry trading volume and low returns on its investment portfolio. FINRA, whose top five executives received $6.86 million in […]

Guardian – Marcus Agius has quit as chairman of Barclays, saying he was “truly sorry” for the interest rate-rigging scandal that has dealt a “devastating blow” to the bank’s reputation. But Monday’s resignation did not puncture the political pressure on the bank […]

Reuters – Bernard Madoff’s younger brother pleaded guilty to criminal charges that he helped advance the multibillion-dollar Ponzi scheme, but denied knowing about the epic, decades-long fraud. With his guilty plea in Manhattan federal court on Friday [June 29], Peter […]

Opalesque – According to Magnum U.S. Investments, Inc, a fund of hedge funds manager and hedge fund sponsor, Jericho Tax Lien Offshore Investments Ltd and Jericho 2010 Tax Lien Fund LP have returned capital to investors and are no longer […]

Business Report – European regulators published draft rules on Thursday to crack down on excessive bonuses for managers of hedge funds, a sector politicians have blamed for worsening euro zone debt problems. Policymakers have already clamped down on bankers’ bonuses, […]

Canadian Business – U.S. hedge fund Mason Capital Management has asked Telus Corp. (TSX:T) to address uncertainty that has been raised about the telecom company’s compliance with foreign ownership rules. Mason Capital said Thursday that a complaint by small Canadian […]

Reuters – London-based hedge fund firm Adelante Asset Management has bought a position in the cut-price bonds of debt-laden Greece, betting that efforts by European politicians to restructure its debt mountain will provide a short-term boost to bond prices. The […]

NYT – His wireless dreams all but dashed, billions of dollars lost and investors swearing him off, Philip A. Falcone has been a colorful exhibit of how quickly fortunes can turn in the hedge fund world. Adding to Mr. Falcone’s […]