Tag Archives: trades


Citadel marketing new fund with lower fees

March 6, 2009 : Permalink

Reuters –  U.S. hedge fund Citadel Investment Group LLC plans to roll out several new funds, including one with lower fees that will aim to make money on currencies, interest rates and other trades based on broad economic trends, the […]

New Jersey bars ex-Merrill brokers for market timing

February 3, 2009 : Permalink

Forbes – New Jersey’s Bureau of Securities permanently barred three former Merrill Lynch brokers accused of helping a hedge fund make tens of thousands of improper trades in mutual funds. Christopher Chung, Kevin Brunnock and William Savino will collectively pay […]

Outsourcing at hedge funds on the march

January 9, 2009 : Permalink

International Herald Tribune – It used to be that if you wanted a job done properly, you did it yourself. That no longer holds for the administration of hedge funds. The practice of doing middle- and back-office administrative work in-house, especially […]

Universal banks winning battle for hedge business

January 8, 2009 : Permalink

Reuters – Broker-dealers such as Morgan Stanley and Goldman Sachs are losing out in the battle for hedge funds’ dwindling pool of assets, as funds seek out banks with diverse sources of funding in a major shake-up of prime broking. […]

Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades

January 2, 2009 : Permalink

Bloomberg – Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in […]