Tag Archives: united-states


Citadel fund files $470 mln claim against Lehman

August 24, 2009 : Permalink

Reuters – Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week. Citadel, which manages around $12 billion […]

U.S. Confirms Criminal Cases Against UBS Clients

August 19, 2009 : Permalink

New York Times – The United States is building criminal cases against more than 150 American clients of UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information. U.S. […]

Swiss Hedge Fund Buy-Back Program Equalises Share Price With NAV

July 15, 2009 : Permalink

HedgeCo.net (West Palm Beach) – In order to achieve capital reduction, Swiss alternative investment company ALTIN AG has launched a share buyback program as part of a broader range of measures to reduce share price discount. The hedge fund company […]

Obama readies stricter rules on financial institutions

June 15, 2009 : Permalink

Detroit News – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America’s troubled financial institutions, proposing the most ambitious revision since the Great Depression. The goal is to prevent a […]

US fund manager agrees extradition from HK

June 5, 2009 : Permalink

Forbes – A Silicon Valley hedge fund manager accused of bilking investors out of at least $5 million has agreed to be extradited from Hong Kong to the United States, a government lawyer said Friday. Fund manager Albert Hu, an […]

Bill omits Guantánamo closure funds

May 5, 2009 : Permalink

Miami Herald – The Obama administration’s bid for $50 million to move prisoners from the Guantánamo Bay detention facility was left out of the Democratic-authored emergency war spending bill unveiled Monday. Defense Secretary Robert Gates had sought the funds in […]

‘The Undesirable Effects of Banning Short Sales’

April 20, 2009 : Permalink

Here Is The City – According to recently published data (for the United States in particular), a large majority of short sellers are market makers who are hedging their bets on the options markets. They were not affected by the […]

Stanford whereabouts unknown after charges: SEC

February 19, 2009 : Permalink

Reuters – Federal regulators said on Wednesday they do not know the whereabouts of billionaire Texas banker Allen Stanford, charged with a "massive" $8 billion international financial fraud. "We are unaware of his whereabouts," Securities and Exchange Commission spokeswoman Kimberly […]

Merrill Pushing Bad Debt for Petty Prices

September 5, 2008 : Permalink

New York (HedgeCo.Net) – Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt.  Talks have been stagnant because of recent disputes over prices, but some […]