Category Archives: Syndicated
SEC begins investigation into US hedge fund Magnetar
The Bureau Of Investigative Journalism – The hedge fund Magnetar helped create billions of dollars’ worth of risky deals called collateralized debt obligations, many of which failed spectacularly in the financial crisis. Magnetar, meanwhile, had taken positions that allowed the firm […]
Ex-MD in equity capital markets: ‘It’s a bit like insurance fraud’
Guardian – “Much of investment banking is not about being a brilliant fisherman. It’s about muscling into a spot on that riverbank where you can throw your net out. Getting into the money flow. Have you watched the Sopranos? Making […]
SEC looking at hedge fund as part of CDO inquiry
Reuters – U.S. securities regulators are investigating the hedge fund Magnetar Capital for its role in putting together packages of consumer loans that big banks sold as bonds before the financial crisis, sources confirmed on Thursday. The Wall Street Journal […]
Slam dunk: How high will Facebook take Chris Hansen’s hedge fund?
CrossCut – When Facebook goes public Friday morning, one large beneficiary will be San Francisco hedge fund founder Chris Hansen, who is also negotiating with Seattle and King County to obtain $200 million of low-interest and presumably tax-free public financing […]
Hedge Fund Stars Gundlach and Einhorn Have a Sixth Sense
Forbes – At the Ira Sohn conference Wednesday, rock star investors gave their best picks to a well-dressed group of 2000 attendees from hedge funds and mutual funds around the world. At the 17th Annual Conference, where proceeds go to […]
Watchdogs ‘too slow’ to expose Trio fraud
Hume Weekly – The superannuation watchdog’s repeated failure to recognise fraud in Trio Capital – which went on to become Australia’s largest superannuation theft – has been criticised by a parliamentary committee. The committee today announced 14 wide-ranging recommendations aimed […]
Rajat Gupta trial: The charges and arguments
Business Today – Former Goldman Sachs director Rajat Gupta faces one count of conspiracy to commit securities fraud and five counts of securities fraud. The trial by jury begins in New York on May 21. On March 12, 2007 Gupta […]
Nicola Horlick: From hedge funds to Hollywood
The Independent – Readers of the financial pages will be well aware of Nicola Horlick, the superstar fund manager who landed the nickname “superwoman” as she juggled a high-powered career with raising six children. She appears less regularly in the […]
Hedge Funds, Beware Of Using Your Phones, They Might Be Tapped
Forbes – During the past decade, hedge funds emerged from obscurity as the darlings of Wall Street. The industry’s outsized remuneration attracted the most talented financiers. And the ability to repeatedly earn hefty returns even in down markets allowed the […]
Apple Loses Favor With Hedge Funds SAC Capital, Viking
Bloomberg – SAC Capital Advisors LP and Viking Global Investors LP were among hedge funds that sold a net 6.1 million shares of Apple Inc. (AAPL) last quarter, taking advantage of the 48 percent jump in the iPhone maker’s stock. Hedge funds accounted for […]
Hedge funds celebrate as Greece pays up
City AM – Opportunistic hedge funds were celebrating the “trade of the century” yesterday as Greek authorities agreed to pay out €435m (£346m) of bonds that were not included in recent haircuts. Owners of euro-denominated Greek bonds have taken a […]
Contractor Is Accused of Stealing $1.2 Million From Hedge Fund by Inflating Costs
NYT – Alex Getelman was still in his 20s when he turned his nascent company into what he called “New York City’s fastest-growing general contracting and construction management firm.” He had a list of blue-chip clients, a plush office on […]