Futures Magazine – The Securities and Exchange Commission today announced it has obtained an emergency court order to halt an attempt by a Connecticut-based fund manager to divert to himself and others settlement funds intended for U.S. victims of a […]

Oil Price – The July 21 deadline for the hedge funds to register required by the one year anniversary of the Dodd-Frank bill is fast approaching, and the industry is roiling with turmoil. The net result for the rest of […]

Courthouse News Services – Two men who ran a fake hedge fund and scammed about six dozen investors out of at least $7 million were sentenced to seven years in prison by a Manhattan federal judge. Igor Levin, who sometimes […]

Bloomberg – Several big quantitative hedge funds, which employ mathematical strategies fed into computers, have suffered severe losses as a result of the Japanese earthquake and tsunami, the Financial Times reported. The $4 billion flagship fund of Connecticut-based Graham Capital Management […]

Seattle Times – Rajat Gupta, the former Goldman Sachs Group director accused of leaking insider information to Galleon Group founder Raj Rajaratnam, has resigned as an adviser to the Bill & Melinda Gates Foundation. “Rajat Gupta has stepped down from […]

AP – Venezuela’s energy minister says the country’s state oil company has no ties to a Connecticut hedge fund manager who has pleaded guilty to fraud in a scheme that could cost investors hundreds of millions of dollars. Rafael Ramirez […]

Business Week – Francisco Illarramendi, the majority owner of a holding company through which he managed several hedge funds, pleaded guilty to fraud in the U.S. on March 7 after investigators from the Securities and Exchange Commission uncovered what prosecutors […]

Minneapolis Star Tribune – A federal judge Friday froze a $14 million settlement between the bankruptcy estate of convicted businessman Tom Petters and the remnants of a Connecticut-based hedge fund once managed by a major participant in the Petters-run Ponzi […]

Bloomberg – Hedge funds raised bets on natural gas by the most in three months as colder-than-normal weather in the U.S. and expectations for increased demand from Japan stoked speculation that demand for the heating fuel will increase. Oil fell […]

Dow Jones -After getting hammered by a market slump the week after the Japan earthquake, hedge funds may be able to salvage what could have been one of the worst months for the industry since the global financial crisis. Japan’s […]

Bloomberg – A Connecticut hedge fund and its manager were sued by the Securities and Exchange Commission for disgorgement of gains made while sending hundreds of millions of investors’ dollars to fraud scheme operator Thomas Petters. The SEC complaint was filed […]

New York Post – Raj Rajaratnam, the New York hedge fund billionaire on trial in Manhattan federal court on insider trading charges, is such a jokester that friends, colleagues and business executives talking with him shouldn’t believe everything he says, […]