Tag Archives: investors
Madoff gets 150 years for massive fraud
Reuters – Bernard Madoff was sentenced on Monday to 150 years in prison — the maximum penalty the judge could give him for "extraordinarily evil" crimes in Wall Street’s biggest and most brazen investment fraud. Fleeced investors in the courtroom […]
UK fund manager settles US market-timing case
Houston Chronicle – A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators’ allegations that one of its funds defrauded U.S. mutual funds and investors through trading practices such […]
M&G’s Dobell blasts ‘selfish’ hedge funds
Times Online – One of the most senior fund managers at Prudential has attacked hedge funds as selfish and devious and blasted derivatives as “the scourge of the modern age”. Tom Dobell, who manages the £3 billion Recovery Fund for […]
Hedge fund returns are up, redemptions down
Reuters India – Hedge funds are living up to their high-flying reputation again with strong returns in the last three months, but many investors burned by last year’s losses are clamoring for reforms before committing new money. Final June quarter […]
Ex-Lehman Trader to Start Credit Hedge Fund as Banks Pare Risks
Assan Din, a former Lehman Brothers Holdings Inc. credit trader, is setting up a hedge fund to trade corporate bonds and derivatives in Asia. SaKa Capital’s fund, which will have a capacity of more than $500 million, will start in […]
Hedge funds head for bumper first half
Times Online – Hedge funds are on course to deliver their best first-half performance in a decade, as investors renew their faith in the sector in the wake of last year’s calamitous losses. Hedge funds worldwide returned 5.63 per cent […]
Hedge funds, private equity brace for U.S. reports
Reuters India – Hedge funds, private equity firms and other investors are scrambling to meet a looming deadline to report their offshore income, as U.S. tax collectors boost efforts to track foreign holdings. The reports will give authorities a glimpse […]
Monier lenders approve restructuring deal
Reuters India – Lenders to French roofing company Monier Group have approved a restructuring deal that sees a group of debt investors take control of the company, a source with knowledge of the situation said on Thursday. The deal is […]
Hedge fund tosses Tibco for memory virtualization startup
SearchDataCenter.com – A large, worldwide hedge fund company needed to reduce its server memory latency to keep investors from experiencing costly trading delays. It found the answer from the small Oregon-based software startup RNA Networks and is using their technology […]
Hedge fund tosses Tibco for memory virtualization startup
SearchDataCenter.com – A large, worldwide hedge fund company needed to reduce its server memory latency to keep investors from experiencing costly trading delays. It found the answer from the small Oregon-based software startup RNA Networks and, in the process, is […]
Switzerland Investigates Santander
Wealth Bulletin – Geneva’s public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA’s hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff’s Ponzi scheme. The formal investigation was opened following […]
