Category Archives: Syndicated
Singapore hedge fund sector set to shrink on tighter regs
Reuters – Singapore’s $53 billion (33.8 billion pounds) hedge fund industry is set for a shakeout as the city-state’s planned new regulations are expected to raise costs for scores of already stretched smaller funds, threatening their survival. The move would […]
Appeals court rejects hedge fund founder’s effort to remain free pending appeal in NYC
Washington Post – A hedge fund founder’s long-shot bid to remain free pending appeals of his insider trading conviction and 11-year prison sentence was rejected Thursday by a federal appeals court. The 2nd U.S. Circuit Court of Appeals in Manhattan […]
Hedge funds on red alert for bank leverage squeeze
Reuters – Hedge funds are steering clear of the big bets they are famous for, rattled by worries that the lenders who bankroll their most lucrative plays will soon turn the taps off. With memories of sudden margin calls at […]
Hedge Funds Cutting Bearish Gas Bets Fuel Rally
Bloomberg – Hedge funds slashed bets on falling natural gas prices from record levels last week, triggering the longest rally since July on speculation that cold weather will bolster heating demand and reduce brimming stockpiles. The funds and other large […]
Hedge fund veteran teams up with Deutsche Bank for fund launch
CityWire – Deutsche Bank has teamed with Omega Advisors to launch a Ucits-compliant long/short equity hedge fund on its dbalternatives platform. The fund, which is called DB Platinum Omega and is due to be launched officially in December, will be managed […]
Hedge funds fear Italy, Spain default
Reuters – Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, […]
More charges coming in US insider probe – sources
Reuters – A year after four hedge funds were raided as part of a sweeping probe into insider trading, U.S. agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the […]
NY court hears hedge fund boss’ bail arguments
Boston Globe – A federal appeals court did not immediately rule Wednesday whether hedge fund founder Raj Rajaratnam must report to prison next week for an 11-year sentence for insider trading, the longest term ever given for the crime. Attorney […]
BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&P
Bloomberg – Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest […]
Funds, refiners ponder oil Armageddon: war on Iran
Reuters – Oil consuming nations, hedge funds and big oil refineries are quietly preparing for a Doomsday scenario: An attack on Iran that would halt oil supplies from OPEC’s second-largest producer. Most political analysts and oil traders say the probability […]
Hedge funds fear Italy, Spain default
Reuters – Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, collectively representing […]
Ex-Goldman, Mizuho Bankers to Start Global Macro Hedge Fund
Bloomberg – Edgebell Capital Co., run by former bankers at Goldman Sachs Group Inc. and Mizuho Corporate Bank Ltd., aims to start a global macro hedge fund in February that will wager on trends in stocks, bonds and currencies. The […]