Category Archives: Syndicated
Dimon Faces Senators Over JPMorgan’s ‘Hedge Fund’-Style Trading
Bloomberg – U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses and will be looking closely […]
Hedge fund Capula’s Spanish bank bets pay poorly – sources
Reuters – A hedge fund set up to speculate on the poor health of Spain’s banks has so far failed to cash in on slumping confidence in the country’s financial system, sources said, showing just how tough it is for […]
Former hedge fund boss’s returns questioned
Money Web – On the face of it, former hedge fund boss Herman Pretorius and his company, Abante, have delivered excellent returns for his investors – in the region of 20% a year for the past five years. This would […]
Ex-Fund Manager Sues Saying RBS Ignored Fraud Warnings
Bloomberg – A former hedge-fund manager sued Royal Bank of Scotland Group Plc (RBS)’s NatWest unit claiming the bank ignored evidence its accounts were used to conduct what may be one of Britain’s biggest Ponzi schemes, in which he lost […]
Hedge Fund Industry Assets to More than Double in 5 Years: Citi Prime Finance Survey
FP – Assets invested with hedge fund firms could more than double by 2016, according to a just-released survey from Citi Prime Finance. The study finds that pension funds, endowments, foundations and other institutional investors are increasingly embracing the risk management […]
Joyce says hedge funds contributed to Qantas’s share price collapse
The Australian – Alan Joyce blamed short-selling by hedge funds for exacerbating the collapse in Qantas’s share price last week that wiped more than $1 billion off the airline’s value. Speaking on the sidelines of the International Air Transport Association’s […]
Hedge Fund Charity Group Funding African Education
HFN – London-based organization Absolute Return for Kids has helped open two schools in the African country of Uganda. The Financial News reported that the charity, also known as ARK, has worked with the non-profit group Promoting Equality in African […]
Hedge assets to gain $1trn each year for next five
World Finance – The predictions come as the trade evolves beyond its entrepreneurial, private roots to meet investor and regulator demands for greater transparency and more robust operations. A recent Citigroup survey predicted that hedge funds could lure $2trn in […]
Gupta Loses Bid on Wiretaps of Goldman’s Loeb, Rajaratnam
BusinessWeek – Rajat Gupta, the former Goldman Sachs Group Inc. director accused of insider trading, lost a bid to have a jury hear wiretaps of Goldman Sachs executive David Loeb tipping Galleon Group LLC co-founder Raj Rajaratnam. Gupta, who has pleaded not […]
Goldman Sachs Hires Schwartz Back To Run Asia Pacific
Bloomberg – Goldman Sachs Group Inc. (GS) brought back Mark Schwartz to run its Asian business from Beijing, after an 11-year hiatus during which he ran George Soros’s hedge-fund group and started an investment firm with Raj Rajaratnam. Schwartz, 57, will also be vice chairman […]
Insider Trading Case Focuses On Defendant’s Character
DealBook – The federal judge overseeing the insider trading trial of Rajat K. Gupta made it clear from the outset that he would limit evidence related to the defendant’s extensive charitable works and humanitarian acts. “If Mother Teresa were here and charged […]
Qantas chief Alan Joyce blames hedge funds for share collapse
The Telegraph – Speaking on the sidelines of the International Air Transport Association’s annual general meeting in Beijing on Monday, Alan Joyce said: “It was a surprise because we didn’t expect certainly hedge funds to come in and to play […]