Tag Archives: boston globe
Hedge funds soar in ’09, most still in the red
The Boston Globe – Hedge funds are having their best year since 1998, yet most fund managers still are well below their peaks before the market’s meltdown last year, industry analysts said. Hedge fund assets rose 2.5 percent in July, […]
Hedge fund best practices event
Examiner – There is a global movement towards the harmonization of best practices and standards in the hedge fund industry amongst investors, hedge funds, funds of hedge funds, policymakers, service providers and regulatory authorities. In response to the global financial […]
Fixed income unit boosts BNP Paribas CIB revenues
Boston Globe – French bank BNP Paribas’s revenues from corporate and investment banking nearly doubled in the second quarter as robust investor demand boosted revenues from the bank’s fixed income business unit. BNP Paribas’s CIB revenues totaled 3.351 billion euros […]
Facing suits, Merkin sells art trove
Boston Globe – It’s been a bad few months for New York financier J. Ezra Merkin. First, his hedge funds lost $2.4 billion in the Bernard Madoff swindle. Then, he lost his post as chairman of GMAC Financial Services. Now, […]
Barclays sees $50 billion hedge fund inflows this year
Reuters – Improving markets and a need to recoup 2008 losses will prompt investors to pour $50 billion (30 billion pounds) into hedge funds this year and slow redemptions, Barclays Capital said in a report on Tuesday. More than 300 […]
Hedge fund Pequot closing as probe back in spotlight
Boston Globe – Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down because of a reopened government probe into possible insider trading. "Public disclosures about the continuing investigation have cast a cloud over the firm […]
Cahill ally brokered pension fund deal
Boston Globe – He is a close political ally and prodigious fund-raiser for state Treasurer Timothy P. Cahill. When a blue-chip New York financial firm was trying to persuade Cahill and his staff to award it a lucrative contract to […]
Trustee sues Fairfield Greenwich funds for $3.54b
Boston Globe – The trustee liquidating Bernard Madoff’s defunct money-management firm sued three Fairfield Greenwich Group hedge funds, seeking the return of $3.54 billion withdrawn before Madoff’s massive fraud unraveled. The trustee, Irving Picard, filed the so-called clawback lawsuit yesterday […]
MassMutual unit told to return funds from Madoff
Boston Globe – The trustee in the bankruptcy case of swindler Bernard L. Madoff has told a hedge fund business owned by Massachusetts Mutual Life Insurance Co. to return money that it received from Madoff over the past six years. […]
Fund firm behavior faces state scrutiny
Boston Globe – Secretary of State William F. Galvin is investigating Massachusetts Mutual Life Insurance Co.’s relationship with a hedge fund operation that lost $3.3 billion to admitted swindler Bernard L. Madoff. Galvin, who oversees the state Securities Division, said […]
