Yearly Archives: 2010
Jury convicts ex-Jefferies manager of insider trading
Money Control – A US jury convicted a former portfolio manager at a Jefferies Group Inc affiliate of conspiracy and securities fraud on Wednesday, one of several prosecutions brought last year over allegations of insider trading at hedge funds. Joseph […]
Geithner warns EU on hedge-fund law
Reuters – U.S. Treasury Secretary Timothy Geithner has written to French economy minister Christine Lagarde warning her against curbing foreign hedge funds in Europe as a row with Washington over new EU controls escalated. The correspondence, sent late on Tuesday […]
HCN Hedge Fund Indices Inflows Through August 2010
New York, October 6th, 2010 (HedgeCo.net) – The HedgeCo.Net (HCN) Hedge Fund Aggregate Index showed an average annual return of +7.14%, through July 2010, compared to the S&P500 which showed an average of +4.08%. Some of the key findings include: The […]
Liberal Democrats call for draconian tax on bank bonuses
Guardian – A new, more draconian tax on bonuses should be slapped on banks, a leading Liberal Democrat said tonight after the Royal Bank of Scotland chairman admitted that regulation was the only way to restrain the annual bonanza for bankers. […]
Hedge Fund Launch: Opal Fund
New York (HedgeCo.net) – Emeralt Investments is launching the Opal Fund 1 September 2010 to add to its range of Eastern Europe hedge funds. With significant seed capital from a Swedish investment company, Opal will take liquid long and short positions […]
Rogers’ CFO caught in frozen Spork fund
Financial Post – Bill Linton, the chief financial officer of cable giant Rogers Communications Inc., is among more than 200 Canadian investors who lost access to millions of dollars when regulators stepped in with accusations of investment fraud at high-flying […]
Bloomberg Convenes Top Financial Minds at Asia Hedge Funds Summit
KansasCity.com – As growth in Asia outpaces the rest of the world and its economy continues to be a vibrant economic hub, Bloomberg LINK is set to bring together key investors and financial experts to discuss the rapidly changing hedge […]
Minnetonka hedge fund faces $5.1B clawback in Petters case
Star Tribune – A Minnetonka-based hedge fund could be on the hook for up to $5.1 billion in so-called “fraudulent transfers” it received for more than a decade from Petters Co. Inc. (PCI), the vehicle for the $3.65 billion Petters […]
Paulson’s Flagship Fund up 12 Percent
Reuters – Bolstered by a surprising September stock-market rally, billionaire hedge fund manager John Paulson’s flagship Advantage Plus fund jumped more than 12 percent last month, recovering this year’s losses, according to a person familiar with the fund. Paulson’s other […]
Hedge Fund Industry Rejects Fears of U.K. Exodus
WSJ – Senior figures within the hedge fund industry have poured cold water on the idea that as many as a quarter of employees have left the U.K. for Switzerland, but they warn that the number of departures is on […]
Hedge Funds Post Year’s Biggest Gain as Stock Market Rebounds
Bloomberg – Hedge funds probably recorded their highest monthly return of the year in September, Credit Suisse Group AG said, as the benchmark gauge for U.S. equities posted its biggest rally for the month since World War II. The Credit Suisse Liquid […]
