Category Archives: Syndicated
Paulson Hedge Fund Takes $1 Billion Stake in Hewlett-Packard
BusinessWeek – Paulson & Co., the $36 billion hedge fund founded by John Paulson, took a stake in Hewlett-Packard Co. and increased its holding of Transocean Ltd., adding companies undergoing transformations to its bets on gold. Paulson bought 25 million […]
Citigroup’s Gain on Mortgage Hedge Fund Jumps as Volcker Trading Ban Looms
Bloomberg – Citigroup Inc. (C), which took a $45 billion U.S. bailout after losses on subprime home loans, is boosting profits from a hedge fund that bets the bank’s money on mortgage debt — a practice regulators plan to restrict. […]
Ex-Goldman trader’s $1 bln-plus fund makes modest start
Reuters – Former Goldman Sachs Group Inc star trader Morgan Sze’s multi-strategy hedge fund returned 0.3 percent in April, three sources familiar with the matter said, a modest start in the first month of its launch. By comparison, the Eurekahedge […]
Dominique Strauss-Kahn denied $1m bail on rape charge
Guardian – Dominique Strauss-Kahn, the head of the International Monetary Fund, is in Rikers Island prison in New York after he was refused bail on charges of attempting to rape a hotel maid, as prosecutors said they were looking into […]
Goldman planning to bankroll new hedge funds
San Francisco Chronicle – Goldman Sachs Group Inc. is seeking money to bankroll fledgling hedge funds, its second attempt since 2008 to break into a business now dominated by Blackstone Group LP, according to three people with knowledge of the plan. The bank […]
Gupta Secretly Defied McKinsey Before Accusation
Bloomberg – On a sunny Friday afternoon in June 2003, Rajat Gupta was greeted at his waterfront home in Westport, Connecticut, by scores of his McKinsey & Co. partners. They had come from London, Frankfurt, New Delhi and other cities around the […]
SEC Charges Another Adviser In Ponzi Scheme Tied To Venezuela
The Wall Street Journal – A second Stamford, Conn. financial advisory firm has been added to a list of defendants in a civil case brought up by the U.S. Securities and Exchange Commission in connection with a Ponzi scheme uncovered […]
Citigroup Sold by Hedge Funds Eton Park, Viking as Banking Revenue Slumps
Bloomberg – Eton Park Capital Management LP and Viking Global Investors LP were among at least five hedge funds that exited theirCitigroup Inc. (C) stakes in the first quarter as investors shied away from U.S. banks facing revenue declines. Eton Park, […]
Rajaratnam’s voice to be heard at next insider trial
Reuters – Convicted hedge fund tycoon Raj Rajaratnam is no longer on trial, but his voice is going to be heard again in court on at least one phone tap in the trial of his former employee, Zvi Goffer, potential […]
California Extends IA Exemption For Hedge Fund Managers
iStockAnalyst – California currently has an exemption from the registration requirements for certain fund managers with more than $25M of AUM (Rule 260.204.9). Back in March California requested input from the investment management community on how they might change the […]
Goldman Sachs Said to Ready Blackstone Challenge for Hedge-Fund Startups
Bloomberg – Goldman Sachs Group Inc. (GS) is seeking money to bankroll fledgling hedge funds, its second attempt since 2008 to break into a business now dominated by Blackstone Group LP (BX), according to three people with knowledge of the plan. […]
Fear and Loathing (at Industry Conference) in Las Vegas
WSJ – It was the big news hedge funds had been waiting for. And it conveniently broke when some 1,700 people in the business happened to be gathered here to size up what it meant for their industry. “It’s bad […]