Category Archives: Syndicated
Madoff Red Flags Could Have Been Raised by Santander’s Software
Bloomberg – Banco Santander SA’s hedge fund unit used risk software that according to its developer may have “waved red flags” about Bernard Madoff investments. “You definitely would have seen it,” Riskdata SA Chief Executive Officer Ingmar Adlerberg said in a […]
Ex-Citadel Manager Returns 18% With Atom Japan Fund
Bloomberg – Atsuko Tsuchiya, the Japanese hedge- fund adviser who left Merrill Lynch & Co. to found her own firm, led Atom Japan Equity Fund to an 18 percent return in 2008, beating rivals who suffered the worst year on record. […]
Hedge fund Steel Partners seeks to dismiss Icahn suit
Reuters – Steel Partners this week asked a Delaware court to dismiss a lawsuit filed against the hedge fund firm by billionaire investor Carl Icahn, saying he is "looking for a scapegoat" for investment losses that happened as the financial […]
Investors play safe, park funds in gold
Economic Times – Gold, the traditional safe haven in times of economic turmoil, proved to be more a commodity that everyone loved to hate last year even amid the turbulence that engulfed world markets. But as 2009 gets under way the […]
Judges refuse Yorkshire plea on assets freeze
YorkshirePost – High Court judges yesterday refused an appeal brought by a man from Yorkshire whose assets were frozen in connection with an investigation by American financial regulators. Glenn Manterfield, from Sheffield, is under investigation by the United States Securities […]
Education endowments put more with hedge funds
Reuters – Universities and schools put more money into alternative investments like hedge funds in fiscal 2008, researchers reported on Tuesday. The Commonfund Institute, a group that polled 628 educational endowments on their investment tastes, found their appetite for alternatives […]
OPEC Calls for Curbing Speculators, Blames Hedge Funds for Rout
Bloomberg – OPEC wants U.S. regulators to curtail oil trading by hedge funds and speculators who helped make last year the most volatile in crude oil trading. Abdalla el-Badri, secretary-general of the Organization of Petroleum Exporting Countries, is seeking rules […]
Paulson Fund Makes at Least $420 Million Shorting RBS
Bloomberg – Paulson & Co., the hedge fund run by billionaire John Paulson, made at least 295 million pounds ($420 million) since September by short selling Royal Bank of Scotland Group Plc. Paulson held a short position of 0.87 percent […]
FACTBOX-Companies exposed to Madoff
Forbes – Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff: * AUSTIN CAPITAL MANAGEMENT – The company managed money for the Massachusetts state pension fund, which lost […]