Tag Archives: chicago tribune
Highland Park-based hedge fund manager granted bail
Chicago Tribune – Illinois hedge-fund manager Gregory Bell, who was charged with wire fraud for his role in an alleged Ponzi scheme, was granted $1.5 million bail and required to wear an electronic monitor, a federal judge in Minnesota ruled […]
Judge could give hedge swindler more than 18 months for skipping out on prison
Chicago Tribune – The judge who is sentencing hedge-fund swindler Samuel Israel III for skipping out on prison may want to make an example of him. Israel admitted in March that he faked his suicide and jumped bail last year […]
Lake Shore Asset Management chief Philip J. Baker indicted
Chicago Tribune – Federal prosecutors have unsealed a wide-ranging indictment against Philip J. Baker, accusing the head of Chicago-based hedge fund Lake Shore Asset Management Ltd. of defrauding hundreds of investors out of roughly $312 million. U.S. Atty. Patrick Fitzgerald […]
Goldman Sachs’ Lloyd Blankfein: Wall Street needs new compensation, hedge fund standards
Chicago Tribune – The chief executive of Goldman Sachs Group Inc. called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds. Lloyd Blankfein said lessons from the financial crisis […]
CME Group’s trading volumes could hinge on government rescue efforts
Chicago Tribune – Government attempts to revive the economy could decide what happens to trading volumes at CME Group Inc. A $1 trillion federal deficit could flood the market with enough government bonds to stabilize volumes, while a Federal Reserve […]
Debt Crisis for New York Times Hedge Fund Shareholders
West Palm Beach (HedgeCo.net) – Some analysts are saying that the mighty New York Times might be headed down the same path as the bankrupt Tribune Company, owner of the Chicago Tribune and Los Angeles Times. Hedge fund shareholders, Harbinger […]
Success of managed futures is a mixed bag
Chicago Tribune – Strong returns are a mixed blessing this year for investment funds that specialize in trading futures contracts. While the stock market plunged about 35 percent, managed futures funds posted annual returns of about 16 percent, according to […]
