Tag Archives: 5-million
Wisdom of Japan Hedge Fund Returns 2% on Taiyo Yuden, Nipponkoa
Bloomberg – Tadashi Mukai, returning to run his own his hedge fund after being the nation’s top performer in 2007, posted a 2.1 percent gain in March for his Wisdom of Japan Fund by betting on rising and falling stock […]
$100 million recovered in hedge-fund fraud case
Seattle Times – An official appointed to recover the assets of a prominent Manhattan lawyer accused of defrauding hedge funds of at least $400 million says he has safeguarded more than $100 million in assets, including an $18.5 million yacht. […]
US fund manager challenges extradition from HK
The Associated Press – A Silicon Valley hedge fund manager wanted in the U.S. on charges he duped investors out of at least $5 million challenged his extradition from Hong Kong on Wednesday. Fund manager Albert Hu, an American citizen, […]
Placer County supervisors hedge bets on stimulus solving sewer woes
Auburn Journal – Placer County is pumping money into a North Auburn sewer treatment plant upgrade while seeking federal funding for a pricey regional wastewater pipeline from North Auburn to Lincoln. No decision has been made to commit to either […]
Connecticut To Raise Accredited Hedge Fund Investor Standard
West Palm Beach (HedgeCo.net) – The Banks Committee of the Connecticut General Assembly voted yesterday to pass a bill that will raise the minimum financial qualifications for hedge fund investors to $2.5 million, and for institutional investors, $5 million. If […]
Mrs. Madoff Has Assets “Unrelated” to Husband’s Scam
New York (HedgeCo.Net) – While authorities are trying to locate and freeze all of the assets of admitted Ponzi schemer Bernard Madoff, lawyers representing his wife, Ruth, claim that she has millions in assets, all independent of her husband’s scam. […]
Art Show Opens in NY With Less Hedge-Fund Money for Picasso
Bloomberg – At the Art Show last year, dealer Richard L. Feigen offered an $8.5 million Pablo Picasso still life. This year, he’s highlighting less expensive art, including a $90,000 purple teapot painting by Georges Braque. “The guys with the […]
Hedge fund Yorkville spies gap in loans market
Reuters – Yorkville Advisors, a $1 billion hedge fund, said it is stepping into the lending vacuum left by banks as it provides struggling firms with loans for up to two years, typically in the $5 million to $40 million […]
U.S. accuses three in insider trading scheme
Reuters – A hedge fund manager, a brokerage trader and a financial adviser were charged on Thursday with insider trading in the stock of supermarket chain Albertsons Inc, reaping total profits of about $7.5 million, according to court documents. The […]
Judge extends freeze on Nadel
Herald Tribune – A federal judge extended a freeze on the assets of Sarasota’s Arthur G. Nadel on Tuesday, but failed to include other partners — a measure some investors with the accused hedge fund swindler have been pushing for […]
Dreier Claims His Son Was Promised Property, Prosecutors Say
Bloomberg – Marc Dreier, the New York lawyer accused of cheating hedge funds, said he told his 19-year-old son he could have properties worth $12.5 million after the teenager agreed to spend the summer with him, prosecutors said. Assistant U.S. Attorney […]
