Category Archives: Syndicated
Galleon generates gains in October as it unwinds
Market Watch – Galleon Group, the hedge-fund firm at the center of the industry’s largest insider-trading case, generated gains last month as it unwound most of its positions, according to a letter sent to investors Wednesday. Galleon, founded by Raj […]
Hedge fund buys CanWest bonds
Globe And Mail – One of the biggest U.S. hedge funds is building a stake in the bonds of CanWest Global Communication Corp., fuelling speculation that the fight with Goldman Sachs over the future of CanWest’s lucrative specialty channels is […]
Scipion Capital Launches Africa Mining Hedge Fund
NASDAQ – Scipion Capital Wednesday said it has launched a new?fund to invest in African mining and natural resources companies, after raising $15 million in investor commitments. The fund, called Scipion Mining & Resources Fund, is targeting annual returns above […]
Ex-Tudor Fund Manager Mathews Said to Plan Commodity Hedge Fund
Bloomberg – Steve Mathews, former head of commodities research and fund manager at Tudor Investment Corp., plans to start a commodity hedge fund as investor appetite for risk returns. Flintlock Commodity Opportunity Partners LP starts in January, two people familiar […]
Hedge fund manager from Colma pleads guilty in fraud
The Oakland Tribune – A hedge fund manager from Colma pleaded guilty Tuesday to running a scam that cost investors at least $8.3 million over nearly a decade, federal prosecutors said. Alexander Trabulse, 62, who managed San Francisco-based hedge funds […]
Hedge funds face investor war on fees
Reuters – Institutional investors are going to gang up on “arrogant” hedge funds, a pension fund chairman warned, as investors increasingly press for changes that would link lucrative fees more closely to genuine outperformance. A key complaint of investors has […]
Healthcare sector boom, predicts, Oracle hedge fund chief
Benzinga – All hospital, biopharmaceutical and drug companies are likely to benefit from the U.S. healthcare reform, said the Barron’s weekly on Sunday. Larry Feindberg, chief of Oracle Partners of Greenwich, Connecticut stated that the infusion of money into the […]
Activist hedge fund TCI closes down in Asia
Reuters – Activist investor, The Children’s Investment fund (TCI), has closed down in Asia following the departure of its regional head earlier this year, sources familiar with the matter said on Tuesday. The UK-based fund had approached other global hedge […]
The Treasury hedge fund
BBC – HM Treasury today becomes perhaps the biggest hedge fund in the UK: it is investing £25.5bn in Royal Bank of Scotland shares and £5.7bn in Lloyds shares, financed almost exclusively by borrowing. If we’re past the nadir for […]
NY broker pleads guilty in hedge fund fraud
AP – A former securities broker has pleaded guilty to charges he helped a prominent Manhattan lawyer dupe hedge funds into making bogus investments. The broker, Kosta Kovachev, entered the plea to conspiracy to commit securities fraud Monday in federal […]
Small and imperfectly formed
Business Standard – China’s wannabe Nasdaq: China’s new growth-stock market has made quite an entrance. Shares of the 28 companies on Chinext, Shenzhen’s answer to the US Nasdaq, all at least doubled during their first half-day of trading. They were […]
Former Fund Exec Charged With Insider Trades
New York Times – A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom. Ronald Yee, who had been the San Francisco-based hedge fund firm’s chief financial […]