Category Archives: Syndicated
Hedge-Fund Boxers Take Punches for Charity, Dodge Market Blows
Bloomberg – Benoit “La Tornade” Descourtieux, the second-oldest contender in Hong Kong’s third annual Hedge Fund Fight Night for charity, finds it easy to draw a link between managing money and martial arts. “As long as we do well most […]
Ex-Bear Stearns manager wins email ruling
Reuters – Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about […]
Cioffi ‘Upset’ When Told Bear Wouldn’t Permit Florida Loan Lien
Bloomberg – The head of Bear Stearns Cos. hedge funds testified that Ralph Cioffi got “upset” when told the company wouldn’t authorize him to pledge his $6 million holdings in the funds he managed to secure a line of credit […]
Palestinians plan to boost housing by investing in City hedge funds
Guardian.co.uk – Palestinian house builders on the West Bank could benefit from an influx of cash if plans by the $900m (£552m) Palestine sovereign wealth fund to invest in London-based hedge funds go ahead. The Palestine Investment Fund (PIF) is […]
In defence of accused hedge fund billionaire Raj Rajaratnam
Guardian.co.uk – My coverage of Raj Rajaratnam, the Wall Street hedge fund manager accused of orchestrating a sophisticated insider trading ring with tipsters at firms such as IBM and Intel, has prompted an email from an acquaintance of the accused […]
Hedge fund guru George Soros claims bonus anger is justified
City AM – Billionaire investor George Soros at the weekend became the latest high-profile financier to wade into the bonus debate as he claimed the backlash against banking fat cats on lucrative pay deals is justified. Speaking in an interview […]
Pucci, Credaris Veteran, Starts $100 Million Credit Hedge Fund
Bloomberg – Gennaro Pucci, formerly head of trading at credit manager Credaris, has started a $100 million hedge fund that will trade mostly European corporate debt, credit derivatives and asset-backed securities. Christian Evans and Rachel Barnard, both formerly at UBS […]
Touradji Beaten by Commodity Indexes; Funds Lose Edge
Bloomberg – Hedge fund managers are trailing benchmark commodity indexes by the widest margin in four years after copper doubled and oil surged 58 percent. Touradji Capital Management LP, the second-biggest in commodities, earned 7 percent in its largest fund […]
Galleon Wiretaps Rattle Hedge Funds as Insider Trading Targeted
Bloomberg – First came the biggest bear market since the 1930s, then Bernard Madoff’s $65 billion Ponzi scheme and the threat of increased regulation. Now hedge funds have a new concern: getting caught on tape as the government expands its […]
Terror Victims Sue Hedge-Fund Founder
WSJ – A group of victims of terror attacks by Sri Lanka’s Tamil Tigers rebels filed suit against Raj Rajaratnam, the Galleon Group hedge-fund founder charged in an insider-trading case, accusing him of funding the Tigers’”crimes against humanity.” The suit […]
ECB warns on hedge-fund regulation
AFP – The European Central Bank has warned that European Union plans to regulate hedge funds and private equity groups could tilt the playing field against EU companies. The ECB’s position could influence the rewriting of proposed rules drafted by […]
Blackstone Is Said to Back Asian Hedge Fund Startup
Bloomberg – Nick Taylor, a former executive of Citadel Investment Group LLC, is preparing to open the largest Asia-focused hedge-fund startup since May 2007 after receiving the backing of Blackstone Group LP, said three people familiar with his plan. Senrigan […]