Category Archives: Syndicated
Another Lawsuit Targets Valhalla Investment Partners
Herald Tribune – Two investors who lost $750,000 in the implosion of Scoop Management have filed a lawsuit against investment managers Neil and Chris Moody, who ran the Valhalla Investment Partners L.P. hedge fund. Bruce M. Bell and Richard G. […]
Calif. hedge fund manager pleads guilty to fraud
Riverside Press Enterprise – The founder and manager of two Beverly Hills hedge funds has pleaded guilty to federal fraud charges. Bradley Ruderman pleaded guilty Monday to two counts of wire fraud, two counts of investment adviser fraud and a […]
Pinpoint Funds Beat Peers With China Stocks, Bonds
Bloomberg – Pinpoint Investment Advisor Ltd., a hedge fund manager of $560 million, returned as much as four times its Asian peers this year through July with profits from a rebound in Chinese stocks and debt securities. The $70 million […]
Citadel fund files $470 mln claim against Lehman
Reuters – Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week. Citadel, which manages around $12 billion […]
$8.8 million paid to clients of former financial adviser
The Tribune – The more than $8.8 million judgment awarded to clients of Jeffrey Forrest has been paid, six months after a financial regulatory agency determined that the former San Luis Obispo investment adviser had misrepresented a risky hedge fund […]
After the Swiss tax deal, could hedge fund investors be next?
Marketwatch – The IRS last week reached an agreement with the Swiss government and UBS AG that will result in thousands of Americans who thought they had a secret Swiss bank account having their names and account details turned over […]
After the Swiss tax deal, could hedge fund investors be next?
Marketwatch – The IRS last week reached an agreement with the Swiss government and UBS AG that will result in thousands of Americans who thought they had a secret Swiss bank account having their names and account details turned over […]
Harvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]
T. Boone Pickens’ Hedge Fund Concentrates on Energy, Drops Basic Materials
BP Capital Management’s second quarter SEC filing shows that the hedge fund manager is focusing solely on energy companies these days. While the firm’s founder and Chief Investment Officer T. Boone Pickens has been publically supporting clean energy technologies, his […]
Now Pitching: A Hedge Fund
New York Post – Todd Stottlemyre, the former major league pitcher and the son of Yankees standout Mel Stottlemyre, is hoping to hit a home run moving from the diamond to the hedge-fund world. The 44-year old former member of […]
A Hedge Fund Roundtable
Forbes – Hedge fund managers Lloyd Khaner, Stephen Roseman and Ken Shubin Stein discuss changes in the industry post-Bernie Madoff. The next video will include a discussion between three hedge fund managers and Intelligent Investing assistant editor David Serchuk. In […]
Darling’s 50% tax sends tycoons to Switzerland
Evening Standard – London’s rich hedge fund managers and private equity executives will quit the UK in droves ahead of the 50% top tax rate next spring. That is the news from City tax advisers who say they have never […]