Category Archives: Syndicated
Rajat Gupta secretly served Rajaratnam’s hedge fund: Prosecution
Daily News India – Prosecutors in the insider-trading trial of Rajat Gupta have suggested he leaked information about Goldman Sachs to convicted hedge fund billionaire Raj Rajaratnam because he was secretly serving as an executive of his Galleon Group. Indian-American […]
Insight – Gains that funds made on bets by JPMorgan whale may be limited
Reuters – JPMorgan Chase & Co’s losing bets in credit derivatives were so huge that one of its traders was known as “the London whale” and the hedge funds that attacked him have often been portrayed as harpooners who made […]
With Megadonations for Both Parties, a Hedge Fund Hedges Its Political Bets
MJ – Among the 15 top donors to outside political groups this election cycle, only two happen to work for the same company: James Simons, the billionaire founder and chairman of the hedge fund Renaissance Technologies is a prominent Democrat. […]
Ontario Power Authority offers U.S. hedge fund $82.3 million to settle Mississauga power plant dispute
The Star – The Ontario Power Authority offered to pay a U.S. hedge fund $82.3 million to settle a lawsuit over the province’s decision to cancel construction of a gas-fired power plant in Mississauga. But the hedge fund rejected the […]
Busson’s EIM considers merger plan
Telegraph – EIM, the fund-of-hedge funds founded by the flamboyant Arpad Busson, has held merger talks with rival asset managers after suffering a spate of client withdrawals. Mr Busson, better known for his relationships with supermodel Elle Macpherson and actress […]
Ex-Credit Suisse Trader’s Asia Macro Hedge Fund Returns 20%
Bloomberg – Splendid Asia Macro Fund, run by a former Credit Suisse Group AG trader, returned 20 percent this year through April as it bought Asian currencies, fixed income and equities, and sold the yen amid the European crisis. The fund, whose trades focus […]
Name-Dropping at Gupta Trial
DealBook – The insider trading trial of Rajat K. Gupta has featured testimony about some of America’s most prominent businessmen — including Warren E. Buffett, the billionaire investor, and Lloyd C. Blankfein, the chief executive of Goldman Sachs. On Wednesday at Federal District […]
Weavering boss Magnus Peterson guilty of fraud
The Independent – Magnus Peterson, the head of the collapsed hedge fund business Weavering, has been found in the High Court to have defrauded investors and ordered to pay hundreds of millions of dollars in damages. Mrs Justice Proudman ruled that Peterson, […]
Hedge Fund ETF Weapons Turn Dangerous for Solo Investors
Business Week – If you are convinced, really convinced, the price of crude oil will rise today and U.S. stocks will fall, Factor Advisors LLC has an exchange-traded fund for you. The FactorShares 2X: Oil Bull/S&P500 Bearoffered by the New York-based […]
Hedge fund boss found guilty in $600 million fraud
Reuters – Magnus Peterson, the boss of collapsed hedge fund business Weavering, has been found guilty of defrauding investors and ordered to pay hundreds of millions of dollars in damages. London’s High Court ruled that Peterson, manager of the Weavering […]
FSA bans hedge fund manager over $500m bond scandal
Guardian – A hedge fund manager embroiled in a $500m (£319m) international bond scandal has been banned by the City regulator and given a £3m fine. Alberto Micalizzi is accused of trying to conceal “catastrophic losses” of more than $390m […]
Hedge fund lied about its principals’ having ‘skin in the game’: SEC
Investment News – The SEC has settled charges against investment adviser Quantek Asset Management LLC and two managers who told investors in two Latin American alternative investment funds that the executives had invested large portions of their own money in […]