Category Archives: Syndicated
Hedge fund plans US-wide 4G data network
Electronista – Harbinger Capital Partners, a New York-based hedge fund, has last week revealed it plans to build a nationwide LTE network using terrestrial spectrum that is owned by satellite networks. The firm filed its plans with the FCC on […]
Investment manager gets 9 years in prison for fraud
CNN – A Beverly Hills, California, investment adviser who admitted to bilking clients of more than $8 million was sentenced Monday to nine years in prison for the fraud, according to the U.S. Department of Justice. In sentencing Michael McCready, […]
Talbots moves to negate hedge fund suit
BizJournals – Shrugging off a recently filed lawsuit that threatens to delay its pending merger, The Talbots Inc. has extended the deadline for a warrants-exchange offer originally slated to expire March 26. Last week the Hingham, Mass.-based clothing retailer said […]
Joe Bloggs Offered Hedge Fund Punt For £7k
SkyNews – A new hedge fund has been created which gives ordinary punters a chance to bet on the strength of the global economy. The computer-driven fund is the brainchild of star fund manager Dr Sushil Wadhwani, whose strategies people […]
Hedge fund group spent $1.1 million lobbying in 4Q
BusinessWeek – A trade group representing hedge funds spent nearly $1.1 million in the fourth quarter lobbying federal officials on proposed financial regulations, including a measure that would require hedge funds to register with the Securities and Exchange Commission. The […]
Hermitage Says Russia Seeks Arrest of Partner Ivan Cherkasov
Bloomberg – Hermitage Capital Management, a $1.2 billion hedge fund firm run by William Browder, said Russian authorities are seeking the arrest of Ivan Cherkasov, a Hermitage partner in London. Cherkasov, a 42-year-old Russian national, was named on March 5 […]
Hedge funds make millions from collapse of the pound
MailOnline – Britons visiting the U.S. are paying a heavy price for the fall in the pound, but not everybody is losing out. Three of Britain’s biggest hedge funds have scooped a windfall from the collapse in sterling. It was […]
Gam launches Ucits III version of quant hedge fund
Fund Strategy – The global quant fund is managed by Sushil Wadhwani, the founder of Wadhwani Asset Management. The portfolio is made up of managed futures, using directional fixed income and equity models with the aim of producing returns with […]
FSA insider dealing probe focuses on trades made ahead of cash calls
Telegraph – Investigators are looking into trades carried out ahead of capital raisings by Barclays, Segro and Taylor Wimpey. In all, it is examining suspicious trading in the shares of 15 firms. Last week the FSA arrested seven people after […]
S’pore hedge fund climbs down Mount Everest
The Financial Express – Singapore-based hedge fund Tree Line Asia Master Fund (Singapore) Pte has sold over 4% stake in Tata-controlled mountain water bottling company Mount Everest Mineral Water, owner of the Himalayan range of non-aerated beverages. The hedge fund […]
Deutsche Bank to Add Staff Targeting New Hedge Funds in Asia
Bloomberg – Deutsche Bank AG’s prime brokerage will hire more staff in Asia as it aims to lure business from hedge-fund startups in the region leading the global economic recovery, said Sean Capstick, head of capital introduction. Frankfurt-based Deutsche Bank […]
Paulson’s $32 Billion Funds Prompt Too-Big-to-Succeed Concerns
BusinessWeek – John Paulson started the year overseeing $32 billion in hedge funds, third in the world behind JPMorgan Chase & Co. and Bridgewater Associates LP. Unlike many of his biggest rivals, he’s taking in new cash, raising the question […]