Category Archives: Syndicated
Rajaratnam Said to Have Planned Sri Lanka Fund Before Arrest
Bloomberg – Raj Rajaratnam, the founder of Galleon Group, planned to gauge interest in a $200 million Sri Lanka fund with a trip to London before he was arrested, said two people with knowledge of the matter. The Sri Lankan-born […]
Meltdown 101: How does a hedge fund work?
AP – The arrest of a billionaire in an insider trading case last week drew new attention to hedge funds — investment firms that, for many, evoke an exclusive world where the super rich use exotic investing techniques to grow […]
ECB says EU hedge fund plans could spark exodus
Reuters – The European Central Bank has warned that EU plans to tighten regulation of hedge funds and other alternative investors risk creating a two-tier playing field that could drive the industry out of Europe. European governments and the European […]
Hedge fund crackdown softened by Swedes
Guardian.co.uk – Sweden is trying to water down moves to toughen regulation of hedge funds and private equity firms before its EU presidency expires at the end of the year. In new proposals the Swedes have suggested withdrawing a cap […]
Hedge-Fund Assets Rose $34 Billion in September on Market Gains
Bloomberg – Hedge-fund assets increased by about $34 billion in September, a fifth straight monthly gain, helped by improved investor confidence and global stock market gains, Eurekahedge Pte said. Net inflows into hedge funds totaled $15.1 billion in September, while […]
New Castle Set Back by Galleon Liquidation, Loss of UBP Deal
Bloomberg – New Castle Funds LLC’s efforts to survive the arrest of its co-founder in the Raj Rajaratnam insider-trading case were set back as a Swiss bank ended a partnership and Rajaratnam decided to liquidate his funds. Union Bancaire Privée […]
Financial Woes Plagued Galleon Informant
New York Times – Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using […]
Watchdogs tell hedge funds: we are on to your game
The Independant – Insiders at the Securities and Exchange Commission, the Wall Street watchdog, and at the Justice Department say that there are more civil charges and more criminal prosecutions in the offing. Hedge fund managers need to learn to […]
Hedge fund loses $130 mln on shares held by Lehman
Reuters – Hedge fund Harbinger Capital Partners said on Tuesday it had lost more than a quarter of its stake in sugar maker Tate & Lyle as it has been unable to reclaim them from collapsed bank Lehman Brothers. Harbinger […]
Galleon ‘Not Good News’ for Hedge Funds, Coleman Says
Bloomberg – The Galleon Group insider-trading investigation may sap investor confidence in the hedge-fund industry, already under scrutiny after Bernard Madoff’s Ponzi scheme, said Michael Coleman, chairman of the Singapore chapter of the Alternative Investment Management Association. “It’s obviously not […]
Galleon exec draws judge Rakoff
New York Post – The high-profile insider-trading case against hedge-fund king Raj Rajaratnam of Galleon Group is getting a high-profile judge who’s earned the nickname on Wall Street of Judge Dread. US District Court Judge Jed Rakoff is expected to […]
Hedge fund walls off 2 accused inside traders
Reuters – New Castle Partners LLC, a hedge fund swept up in the biggest insider-trading scandal in years, said co-founder Mark Kurland has taken a leave of absence and that Danielle Chiesi, a consultant, is no longer associated with the […]