Category Archives: Syndicated
Hedge funds frustrated by Greek debt crisis
International Business Times – Hedge funds are struggling with the Greek debt crisis in 2011, according to industries sources who spoke to NYTimes. Hedge funds that were long European financial stocks have been hurt by fears that a Greek default would hurt […]
Brazil Hedge Funds Double Bets Against Pao de Acucar-Carrefour Merger
Bloomberg – Brazilian hedge funds doubled bets that shares of retailer Cia. Brasileira de Distribuicao Grupo Pao de Acucar will decline on speculation a proposed merger with Carrefour SA (CA)’s unit in Brazilmay fail to win approval. Pao de Acucar stocks on loan, […]
Rajaratnam’s Sentencing Rescheduled for Sept. 27, Judge Says
San Francisco Chronicle – Raj Rajaratnam’s sentencing on insider-trading charges was rescheduled to Sept. 27 from July by a federal judge in New York. Rajaratnam, 54, the co-founder of Galleon Group LLC, is at the center of one of the […]
Ex-Lawyer Cutillo Gets 30 Months in Prison in Galleon Insider-Trading Case
Bloomberg – Arthur Cutillo, a former Ropes & Gray LLP lawyer who pleaded guilty in the Galleon Group LLC insider-trading case, was sentenced to 2 1/2 years in prison. U.S. District Judge Richard Sullivan in New York imposed the sentence today […]
Former Expert-Network Consultant Pleads Guilty in Insider Probe
WSJ – A former consultant ensnared in a sprawling insider-trading investigation of “expert-network” firms pleaded guilty to criminal charges on Thursday. Mark Anthony Longoria, formerly a supply chain manager for Advanced Micro Devices Inc., admitted to providing inside information to […]
Hedge fund emissaries to get an audience with Gov. Malloy
GreenwichTime – Several major players in the hedge fund world — an industry said by insiders to be developing a chip on its shoulder in terms of its importance to the economic fortunes of Connecticut — are expected to get […]
Libyan Managers Sought to Cut Losing Hedge Fund Holdings, Document Shows
Bloomberg – Libya’s $64 billion sovereign wealth fund sought to cut holdings in hedge funds after losing on investments including bets with Millennium Global Investments Ltd., according to a document distributed by U.K. human-rights group Global Witness. The Libyan Investment […]
SFO Aiding SEC In Sovereign Wealth Fund Probe
WSJ: U.K. prosecutors are helping the U.S. Securities and Exchange Commission with inquiries into whether financial firms violated foreign bribery laws in their dealings with sovereign-wealth funds. “We’re talking to the Americans about various issues,” Richard Alderman, director of the […]
Why Barack Obama’s Hedge Fund Tax Hike Won’t Work
CNBC: Barack Obama’s plans to reduce the budget deficit by raising taxes on hedge fund managers show that he’s more interested in political theater than responsibly dealing with the budget. When Obama says he wants to end the “tax break” […]
New Investment Strategy: Preparing for End Times
Investment professionals have a new pitch: The sky could soon be falling. While Greece took a step back from the brink on Wednesday, the possibility of a default remains a fear. Europe’s debt crisis, as well as natural disasters and […]
Funds Slam WaMu Trading Investigation
WSJ: Washington Mutual equity investors have an “ample basis” to push ahead with allegations that major hedge funds engaged in improper trading during one of the largest bankruptcies in U.S. history, an attorney for WaMu shareholders said Wednesday. Appaloosa Management, […]
NY Teachers fund puts hedge funds on hold
HFMWeek: The $42.3bn Teachers’ Retirement System of New York has shelved plans to invest in the hedge fund space, HFMWeek has learned. The investment board, which has been discussing potential changes to the retirement system’s asset mix, had previously been […]