Category Archives: Syndicated

Venezuelan workers caught up in Conn. Ponzi scheme

BusinessWeek – The fallout from the biggest white-collar federal prosecution in Connecticut is being felt a continent away in Venezuela, where the government had invested hundreds of millions of dollars from a state oil workers’ pension fund with a now […]

Citadel Said to Shut $200 Million Fund After Manager Leaves

Bloomberg – Citadel LLC, the $11 billion hedge fund run by Ken Griffin, is shutting one of its residential mortgage funds after Bill King, the portfolio manager, left the Chicago-based firm, according to three people familiar with the situation. King, […]

IMS Group calls time for compliance for US based hedge funds

Opalesque Exclusive – A timely reminder that the SEC deadline for hedge fund registration is creeping upon us comes from Jon Wilson, director of project consulting, at compliance consultancy and professional financial services firm, The IMS Group. Based in London […]

Activist hedge fund wins Ameron board seat

MarketWatch – Activist hedge fund firm Barington Capital Group won a seat on the board of industrial company Ameron International Corp. on Wednesday, ending a heated proxy battle that began more than a year ago. James Mitarotonda, head of Barington, […]

Warren Buffett’s Berkshire Hathaway rocked after heir apparent resigns

Guardian – David Sokol, long considered the most likely candidate to succeed the billionaire investor as the head of Buffett’s Berkshire Hathaway, resigned after purchasing shares in an oil company that he suggested Buffett should buy. But Buffett moved to scotch […]

SEC to watch hedge funds that beat the market

Marketplace – The Securities and Exchange Commission has been trying to get its hands on hedge funds for years, bring them inside the regulated world that most other traders and markets have to live in. That hasn’t worked out so […]

Currency Hedge Funds Flat In February

WSJ – Foreign-exchange hedge funds’ performance was flat during February, data from the Parker FX index showed Wednesday. — Foreign-exchange hedge funds post 0.06% return in February — 36 of 65 funds reported positive returns — Data indicate funds were […]

Hedge funds turn in poor first quarter results

Investment International – Hedge funds are ending the first quarter of 2011 giving investors less than they would have got from simply buying stocks and hanging on to them, belying their reputation as being at the cutting edge of money […]

Hedge fund investor pushes for changes at National Express

Guardian – American hedge fund Elliott Advisors is demanding a boardroom shakeup at transport group National Express, where it has built a 17% stake. The activist investor has written to shareholders of the British transport group asking them to vote for […]

Man Group client exodus ends after two years with acquisition of GLG

Telegraph – The world’s largest listed hedge fund said it expects to post net inflows of $700m (£438m) during the period ending March 31 – boosted by about $5.3bn worth of sales. Of these inflows, more than half are likely […]

Hedge funds find India toughest BRIC to crack

Economic Times – Hedge funds are finding India the toughest BRIC country to beat consistently in falling stock markets, raising questions if the high fees they charge for all-weather outperformance is justified. Profiting from short-selling, or when share prices fall, […]

Connecticut Hedge Fund Manager Charged In $3.5 Billion Ponzi Scheme

Hartford Courant – Federal securities regulators blocked a Connecticut hedge fund manager from diverting $14 million Monday after charging him with defrauding investors as part of a $3.5 billion Ponzi scheme headed by a Minnesota businessman. Hedge fund manager Marlon […]