Category Archives: Syndicated
BofA shares jump after exec, hedge fund buy shares
The Associated Press – Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares. […]
Salida ‘back from the abyss’
Globe and Mail – When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back. Salida, the once […]
Report: Pequot Capital Management, founder Samberg receive SEC Wells notices
News1130.com – The Securities and Exchange Commission is continuing its investigation of possible insider trading involving hedge fund Pequot Capital Management and its founder Arthur Samberg, according to a letter to investors obtained by The Wall Street Journal. The SEC […]
Hedge Funds Tricked by Producer of Palin Porno Spoof, Says Suit
CBS News – Here’s a switch: a dozen hedge funds are accusing a California businessman of "playing dirty" with their money and even the name Sarah Palin is a "player" in the defendant’s prior ventures, according to the New York […]
U.S. agencies fine Amaranth hedge fund $15 million
Reuters UK – Amaranth Advisors, the largest collapsed hedge fund in history, has been ordered to pay $15 million in civil fines for attempting to manipulate natural gas markets, federal agencies said on Wednesday. The Commodity Futures Trading Commission said […]
Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis
Bloomberg – John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding […]
Atticus Chief Exits, Leaving High Water Mark Behind
CNBC – Another of the once giant hedge funds is all but closing its doors. Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital to his investors. The roughly […]
FSA bans long-term guaranteed bonuses
Forbes – Britain’s financial regulator on Wednesday banned guaranteed banker bonuses of more than one year, as it leads a global crackdown on a culture of excessive risk-taking that has destabilised economies. The Financial Services Athourity (FSA), which has been […]
UBS names Sclater to head Singapore prime broking
Reuters – UBS has named Alastair Sclater to the new post of head of its Singapore prime brokerage, as the Swiss bank aims to build that business in Asia’s second-biggest centre for hedge funds. Singapore, which competes with rival Asian […]
Newsletter writer’s lawyer seeks dismissal
HeraldTribune.com – An attorney representing newsletter writer Don Rowe, who strongly recommended Arthur G. Nadel’s hedge funds to some investors, is seeking to have a civil fraud suit against his client dismissed. In an Aug. 3 filing in circuit court […]
Banks, commods drag European stocks lower
Reuters – European shares closed lower on Tuesday in response to disappointing U.S. economic data, with banking and commodity stocks weighing the most on the main index. ”We have had a couple of macro figures which did not please the […]