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Category Archives: Syndicated

SEC Charges Former BP Employee with Insider Trading During the Deepwater Horizon Oil Spill

The Securities and Exchange Commission today charged a former 20-year employee of BP p.l.c. and a senior responder during the 2010 Deepwater Horizon oil spill with insider trading in BP securities based on confidential information about the magnitude of the […]

Insider Convictions Seen Too Easy in Chiasson Appeal

Bloomberg – Level Global Investors LP co-founder Anthony Chiasson and ex-Diamondback Capital Management LLC portfolio manager Todd Newman claim they were wrongfully convicted because jurors at their trial were told they only had to find that the defendants knew tips […]

Hedge Funds Wounded in “Diabolical” Stock Market

EliottWave – Many big hedge funds have invested heavily in high-flying technology stocks like Twitter, Yahoo!, Priceline and Netflix. And as the price of those shares has fallen recently, hedge fund losses have been sizeable. The technology-heavy Nasdaq Composite index […]

HS Group to invest in new Hong Kong hedge fund Pleiad

VC Post – HS Group Ltd (HSG) will be making its first investment in Hong Kong-based hedge fund Pleiad Investment Advisors. Although the exact amount to be invested is unconfirmed, Pleiad received a total commitment of over $150 million from […]

Hedge Funds Shake Financial System More Than Banks During Crises: Study

Think Advisor – Hedge funds may play an even bigger role than banks in transmitting financial shocks to the rest of the market, and thus may intensify systemic risk more than previously thought, according to new research. An economic letter issued last […]

Hedge fund king Bill Ackman and his wife give $17 million to Harvard

Biz Journals – Hedge fund manager Bill Ackman and his wife Karen have donated $17 million to Harvard University through their Pershing Square Foundation. The gift will go to Harvard’s Foundations of Human Behavior Initiative and endow three professorships and create a […]

Argentina Asks Supreme Court to Protect It From ‘Vulture’ Hedge Fund

BusinessWeek – It’s hard to decide which is the less sympathetic party appearing before the U.S. Supreme Court today. Is it Argentina, which has repeatedly defaulted on foreign debt? Or is it a hedge fund controlled by billionaire Paul Singer, […]

Allegations of Fraud Plague Hedge Fund of Democratic Super-Donor

The former hedge fund of one of the Democratic Party’s most important donors was allegedly involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital […]

2 Hedge Fund Titans Agree to Buy the Milwaukee Bucks

Dealbook – Two Wall Street bigwigs, Marc Lasry and Wesley Edens, have a taste for distressed assets. So the Milwaukee Bucks, the basketball team that currently holds the worst record in the N.B.A., is right up their alley. Read Complete […]

Influence of banks, hedge funds on commodities lowest since 2008

Reuters – United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008. In a 2012 report for the […]

Indian hedge funds outperform peers in Q1

The Hindu Business Lone – Indian hedge funds outperformed many of their global peers during the January-March quarter of 2014, rising 5.4 per cent. According to the latest data from independent financial data and research firm Eurekahedge, hedge funds focused […]

SA hedge fund regulations published

Johannesburg – Draft regulations and a related explanatory memorandum for hedge funds were published for public comment on Thursday, the Financial Services Board (FSB) and Treasury said. “The intention is to still finalise the regulations by the second quarter of […]

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