Tag Archives: 10-million


Man team backs Bayswater hedge fund relaunch

The Guardian – Bayswater Asset Management, a computer-driven hedge fund shut down last year after big losses during the credit crisis, has relaunched after revamping its risk management controls, its new backers said on Wednesday. San Francisco-based Bayswater had initially […]

At Nadel hearing, new fund surfaces

Herald Tribune – At a bail hearing in which Arthur G. Nadel was sent back to his cell to come up with better co-signers, a federal judge heard from the receiver in the case about a previously unknown multimillion-dollar hedge […]

CDC Invests $10 Million In Rabo Equity Advisors’ Agri Fund

VC Circle – UK fund of funds CDC Group Plc has committed $10 million to Rabo Equity Advisors’ India Agri Business Fund. This investment is part of CDC’s new investment policy which came into effect on January1, 2009, according to […]

New FDA Chief Must Divest Several Stock, Fund Holdings

Wall Street Journal – The new commissioner of the Food and Drug Administration is among the wealthiest Obama administration appointees, with income of at least $10 million in 2008 thanks mostly to her husband, a hedge-fund executive, according to financial […]

UK’s biz tycoons to flee high-taxed Britain

Indopia – Britain’s leading entrepreneurs are considering to leave the country as a mark of protest against UK Chancellor Alistair Darling’s new 50 per cent tax rate, a media report says. " Hugh Osmond, the pubs to insurance entrepreneur, is […]

Leaders of New York City church with Kenhorst branch charged in hedge hedge-fund scam

Reading Eagle – Five leaders of a New York City church with a branch in Kenhorst have been accused of defrauding worshippers and other investors of more than $10 million in a hedge fund scam. Federal authorities claim the men, […]

Ponzi Funds Said Missing

Wall Street Journal – Prosecutors said $160 million is unaccounted for in a Ponzi scheme allegedly run by hedge-fund manager James Nicholson. At a bail hearing Thursday, Assistant U.S. Attorney Maria E. Douvas said the government’s investigation showed that $293 […]

Fund at Covenant Capital rebounds as market sags

Charlotte Business Journal – In early 2008, Jim Morgan and his partners at Covenant Capital sent a gloomy letter to their investors. After a couple of disappointing years, the letter said, the hedge-fund firm was preparing to close. It told […]

Fortress Investment has bigger quarterly loss

Reuters – Fortress Investment Group LLC , one of the few publicly traded U.S. alternative asset managers, said on Monday its quarterly loss more than quadrupled, hurt by writedowns in some private equity funds. The net loss was $140 million, […]

CSX says $11M shareholder settlement approved

Forbes – CSX Corp. said a New York Federal Court has approved a settlement in which the railroad operator will be paid $11 million by two activist shareholder hedge funds over alleged securities law violations. CSX said late Friday it […]

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