Tag Archives: hedge fund
BNY Mellon Wins Hedge Fund Admin. Award
New York (HedgeCo.net) – BNY Mellon was one of eight industry-leading companies to be nominated for the honor as part of HFMWeek’s 2009 U.S. Service Provider Awards, which were presented in New York on October 22. BNY Mellon’s Alternative Investment […]
Cioffi Told Investors Only ‘Couple Million’ Redemptions on Call
Bloomberg – Bear Stearns Cos. hedge fund manager Ralph Cioffi told investors in April 2007 that there had been a “couple of million” dollars in redemptions, days after being told an investor asked to withdraw $57 million. Evan Kerr, a […]
UK Hedge Funds Care Hosts Art Auction – Picasso, Dali, Matisse and Chagall
New York (HedgeCo.net) – Hedge Funds Care is holding its fifth London black tie event in Whitehall, London, on 3 December 2009. Esther Rantzen CBE, veteran journalist and TV presenter as well as founder of ChildLine has agreed to become […]
Hedge fund guru George Soros claims bonus anger is justified
City AM – Billionaire investor George Soros at the weekend became the latest high-profile financier to wade into the bonus debate as he claimed the backlash against banking fat cats on lucrative pay deals is justified. Speaking in an interview […]
ECB warns on hedge-fund regulation
AFP – The European Central Bank has warned that European Union plans to regulate hedge funds and private equity groups could tilt the playing field against EU companies. The ECB’s position could influence the rewriting of proposed rules drafted by […]
Hedge fund crackdown softened by Swedes
Guardian.co.uk – Sweden is trying to water down moves to toughen regulation of hedge funds and private equity firms before its EU presidency expires at the end of the year. In new proposals the Swedes have suggested withdrawing a cap […]
Rajaratnam Out On Bail, Winds Down Hedge Funds In Letter to Clients
New York (HedgeCo.net) – In a letter first made public by Reuters today to Galleon employees and clients, Raj Rajaratnam, who has been released on bail, said “I have decided that it is now in the best interest of our […]
Financial Woes Plagued Galleon Informant
New York Times – Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using […]
Hedge fund loses $130 mln on shares held by Lehman
Reuters – Hedge fund Harbinger Capital Partners said on Tuesday it had lost more than a quarter of its stake in sugar maker Tate & Lyle as it has been unable to reclaim them from collapsed bank Lehman Brothers. Harbinger […]
Galleon ‘Not Good News’ for Hedge Funds, Coleman Says
Bloomberg – The Galleon Group insider-trading investigation may sap investor confidence in the hedge-fund industry, already under scrutiny after Bernard Madoff’s Ponzi scheme, said Michael Coleman, chairman of the Singapore chapter of the Alternative Investment Management Association. “It’s obviously not […]
Galleon exec draws judge Rakoff
New York Post – The high-profile insider-trading case against hedge-fund king Raj Rajaratnam of Galleon Group is getting a high-profile judge who’s earned the nickname on Wall Street of Judge Dread. US District Court Judge Jed Rakoff is expected to […]
Hedge fund walls off 2 accused inside traders
Reuters – New Castle Partners LLC, a hedge fund swept up in the biggest insider-trading scandal in years, said co-founder Mark Kurland has taken a leave of absence and that Danielle Chiesi, a consultant, is no longer associated with the […]
