Tag Archives: investors
Hennessee Group and co-founder settle with SEC over due diligence on Bayou hedge funds
Los Angeles Times – When a well-known investment advisor gave the Securities and Exchange Commission some unsolicited advice this week about protecting investors in hedge funds, he had already been talking to the agency about his own behavior. About half […]
GLOBAL MARKETS-Investors lift stocks, look past banking worry
Alibaba News Channel – Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen. Mixed earnings plagued European markets, however, with Credit […]
Bayou Hedge Fund Exec Sentenced
North Country Gazette – The brother of the former chief financial officer of the bankrupt hedge fund firm Bayou Group LLC has been sentenced to 21 months in federal prison of his role in concealing a $400 million fraud. […]
Investors continue to withdraw from hedge funds in Q1
English Eastday – Investors continued to withdraw capital from hedge funds in the first quarter of 2009, redeeming nearly 103 billion U.S. dollars, according to data released on Tuesday. The redemption figure, about 7.3 percent of overall hedge fund assets, […]
Return of the Nineties fund superstar
This is Money – A star fund manager who made thousands of pounds for investors in the Nineties is set for a comeback. William Littlewood was at the helm of the Jupiter Income fund which increased investors’ savings by 600%. This week, […]
Bill Miller Not Dead Yet With Value Funds Burying Quants in ’09
Bloomberg – Companies with the most debt and lowest returns on assets are turning the biggest six-week rally in stocks since 1938 into a bloodbath for last year’s best- performing trading strategy. Investors in so-called quantitative momentum funds — which […]
World stocks head for 6th week of gains
Reuters – World stocks steadied on Friday but were still on track for a sixth consecutive week of gains, while the euro fell on worries about the region’s prospects. MSCI‘s main world stock index was flat despite modest gains in […]
Gold, Little Changed in London, May Fall on Lower Hedge Demand
Bloomberg – Gold, little changed in London, may drop on lower demand for an inflation hedge after U.S. consumer prices posted their first annual decline since 1955. The consumer price index fell 0.4 percent in March from a year earlier, […]
A Fund Manager Wins, and Moves On
New York Times – William A. Ackman makes a lot of noise for someone in the hush-hush business of hedge funds. He harangues executives, goads boards, talks this stock up and that one down — all in search of profit. […]
Leaders of New York City church with Kenhorst branch charged in hedge hedge-fund scam
Reading Eagle – Five leaders of a New York City church with a branch in Kenhorst have been accused of defrauding worshippers and other investors of more than $10 million in a hedge fund scam. Federal authorities claim the men, […]
DragonBack Reopens Fund to Investors as Redemptions Cut Assets
Bloomberg – DragonBack Capital Ltd., a Hong Kong-based manager co-founded by a former Lehman Brothers Holdings Inc. executive, reopened its flagship hedge fund to investors after redemptions cut assets in the fund. Assets in the Asia-Pacific Equity Multistrategy Fund fell […]
Former hedge fund manager remains held
Miami Herald – A former hedge fund manager accused of swindling investors of nearly $200 million will remain held in federal custody. An attorney for Won Sok Lee sought a continuance for his arraignment Friday so Lee can obtain a […]
