Category Archives: Syndicated
G30 says broken financial system badly needs repair
Reuters – The G30, a group of high-profile economists and policy-makers, on Thursday called for changes in international financial regulation to help avoid future meltdowns, but its recommendations were vague and non-binding. In findings that made no reference to the […]
Inquiry started of financier who invested with Madoff
International Herald Tribune – J. Ezra Merkin, a New York financier, wrote his investors last month that he too was shocked by the news that Bernard Madoff’s hedge fund was an elaborate Ponzi scheme. But not everyone sees him as a […]
Hedge funds’ unlikely leader
CNNMoney.com – When the headhunter first called Richard Baker in late 2007 and asked him if he was interested in becoming president and CEO of the Managed Funds Association – the hedge fund trade group – Baker thought it was […]
Girlfriend of hedge fund swindler Samuel Israel, accused of trying to send him money in jail
Union-News & Sunday Republican – The girlfriend of hedge fund swindler Samuel Israel III, already accused of helping him skip out on a prison sentence, tried to send him $300 in jail, officials said Wednesday. The cash was "secreted in […]
Asia hedge funds face another rough ride in 2009
Reuters – Asia-focused funds suffered their worst ever year in 2008, underperforming their peers in the West, as markets cratered and investors demanded their money back. This year will be marked by consolidation around more established players and a more […]
Hedge Fund Portfolio Tracking: SAC Capital
Seekingalpha.com – Since inception, its funds have returned on average 40% annually, which explains how they can charge a 50% performance fee to investors, compared to the normal 20% that most hedge funds charge. They are very active traders and […]
Hedge funds ‘encourage bankruptcies’ for profit
Guardian.co.uk – "Parts of the current complexity arises from the existence of distressed debt investors who sometimes see commercial advantage from using an insolvency process to organise the sale of the viable part of a business to a solvent buyer […]
Israel Girlfriend Pleads Not Guilty to Aiding Escape
Bloomberg – Debra Ryan, the girlfriend of Samuel Israel, the convicted founder of hedge-fund firm Bayou Group LLC charged with bail jumping, pleaded not guilty to helping him escape. Israel, 49, is accused of faking his suicide and fleeing the day […]
Shapiro a Madoff Victim
HorseRaceInsider.com – Richard Shapiro, former chairman of the Califorinia Horse Racing Board, has been "devastated" financially by the $50-billion Ponzi scheme that was engineered by Bernard Madoff, according to a letter that Shapiro wrote to a U.S. Congressman. "Nearly all […]
Apple’s Jobs takes medical leave, shares tumble
Yahoo News – Apple Inc chief and tech visionary Steve Jobs will take a leave of absence till end-June because of health problems "more complex" than thought, backtracking on reassurances, stunning investors and sending its shares skidding 10 percent on Wednesday. […]