Category Archives: Syndicated
Goldman Sachs Facing a New Insider Trading Probe
Reuters – Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday [April 19]. The employee is suspected […]
Judge Orders Liquidation of a Fletcher Hedge Fund
NYT – A judge in the Cayman Islands ordered the liquidation of a hedge fund run by Fletcher Asset Management after three Louisiana public pension funds told the court they weren’t able to withdraw their money from the fund. The […]
Goldman Said in Talks to Sell Petershill Hedge-Fund Portfolio
Bloomberg – Goldman Sachs Group Inc. is in talks with a Credit Suisse Group AG unit to sell its Petershill fund that buys stakes in hedge funds, according to two people familiar with the matter. The negotiations with New York-based […]
Ex-Goldman exec moves to UBS hedge fund group
Reuters – Scott Molin, formerly an executive in Goldman Sachs Group’s hedge fund group, has joined UBS as a managing director, mostly focused on hedge funds, according to an internal memo obtained by Reuters. Molin, who has spent more than […]
Hedge Funds, Banks Can Avoid New Derivatives Rules
CNBC – U.S. securities regulators on Wednesday finalized long-awaited rules that will dictate which companies dealing in derivatives will be subject to costly capital, margin and business conduct requirements. The new rules will affect any company that manages more than […]
Why hedge funds are like the undead
CBS MoneyWatch – While reviewing the latest round of papers and articles on hedge funds, I was reminded of the film “Night of the Living Dead” — no matter how many zombies were killed, more kept coming back. In 2008, […]
Ex-Goldman Sachs Employee Spared Prison for Aiding Insider Probe
Bloomberg – A former Goldman Sachs Group Inc. employee who said he gave away “thousands” of dollars he received from an insider-trading scheme to New York’s homeless was sentenced to probation instead of prison. Gautham Shankar, 38, of New Canaan, […]
Bank Owing U.S. $935 Million Has CEO Family Bad Debts: Mortgages
Bloomberg – Popular Inc. (BPOP), the Puerto Rican bank that owes $935 million to the U.S. government, has surged 30 percent this year as more customers pay their debts on time. Popular has attracted hedge funds wagering on a rebound, including […]
U.S. Regulators Pull Back on Swap Dealer Crackdown
Reuters – U.S. regulators limited the number of market players that will be slapped with a pricey “swap dealer” tag, heeding warnings by swap users about getting too tough but dismaying advocates of greater oversight. The Commodity Futures Trading Commission […]
Senate candidate invests in bailout recipients
Post Crescent – U.S. Senate candidate Eric Hovde has purchased a bank that received federal bailout money, even though the Republican hedge fund manager says he remains staunchly opposed to the program. When announcing his candidacy last month, Hovde stressed […]
Video: Switzerland cracks down on hedge funds
FT – Switzerland is set to introduce sweeping regulation of its hedge fund industry. Sam Jones, hedge fund correspondent, talks to the FT’s Daniel Garrahan about how a country, once renowned for its light touch regulation of asset management, is […]
World’s Richest Worth $1 Trillion on Billionaires Index
Yahoo Finance – The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people. Saudi Prince Alwaleed bin Talal […]