Tag Archives: chief-executive
Hedge Fund Fraudster Manhunt Comes to an End
New York (HedgeCo.Net) – The international man hunt for Sam Israel came to an end yesterday when the hedge fund fraudster turned himself over to authorities. Israel turned himself into the Southwick, Mass., police station around 9:30 a.m., said […]
Moody’s to Launch Internal Investigation Following Ratings Errors
New York (HedgeCo.Net) – Credit rating agency Moody’s said on Tuesday that it would probe deeper into why its staff incorrectly rated approximately $1 billion of complex debt securities. While it was thought to be a computer error that caused […]
Hedge funds to back £4.5bn Barclays issue
Financial Times- Several of London’s largest hedge funds are backing Barclays’ £4.5bn ($8.9bn) capital increase, underscoring the complex roles they are playing in the recapitalisation of the UK banking sector. GLG Partners, Lansdowne, CQS and Och-Ziff have all agreed to […]
Hedge Fund Ritchie Capital Drops Suit Against Benchmark
New York (HedgeCo.Net) – The legal battles that ensued between Ritchie and investors who once tried to force an involuntary bankruptcy upon them are slowing simmering down. Chicago based Ritchie Capital has dismissed a complaint it brought against Benchmark Plus […]
The last-minute surprise that is ‘maintaining consumer confidence’
Times Online- Proper consultation is the rock upon which good regulation is founded. And for the Financial Services Authority, consultation is in its DNA. So when it does the unthinkable and drops a bombshell without warning or discussion — as […]
Harneys announces merger with Cayman Islands firm
Legal Business Online- Offshore law firm Harney Westwood & Riegels has announced a merger with Cayman Islands firm CS Gill & Co. The merged firm, trading under the Harneys banner, will open in CS Gill’s existing premises in the Genesis […]
2008 Hedge Fund Award Nominees
West Palm Beach (HedgeCo.net)- AdultVest was nominated among others for the ‘Hedge Fund Launch of the Year’ Award, the alternative investment fund is the world’s first Investment Community designed specifically for the Adult Industry. Other nominees include, Brevan Howard Asset Management, […]
Shareholders Approve $7.2 Billion WaMu Bailout
New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company, says the Seattle Times. Not that […]
Iraq Hedge Fund Up In May, Considers Soft Close
FINalternatives- Godvig Capital’s Iraq-focused Babylon Fund finished May up 2.7%, bringing its year-to-date gains to 5.2%. The fund’s portfolio included stakes in hotels, banks and breweries last month, according to portfolio manager Björn Englund, who said he has been solicited […]
Hedge fund lobby asks for more time to accommodate short-selling rules
Times Online- The hedge fund industry’s lobby group mounted a last-ditch attempt yesterday to persuade the City regulator to delay its controversial rules on short-selling, which are due to come into force tomorrow. The Alternative Investment Management Association sent a […]
Bear Hedge Fund Managers Will Face Criminal Charges
New York (HedgeCo.Net) – The two managers behind Bear Stearns’ infamous failed hedge funds have surrendered to face charges, in what will be the first criminal lawsuit stemming from the subprime mortgage fallout. Ralph Cioffi, 52, and Matthew Tannin, 46, […]
TRS Official May Leave For Fund Of Hedge Funds
FINalternatives- An Illinois pension fund official caught up in the trial of a prominent supporter of Sen. Barack Obama (D-Ill.) may be joining a new hedge fund. Jon Bauman, executive director of the $38.7 billion Teachers’ Retirement System of Illinois, […]
