Tag Archives: accountant


Inspector General investigating Boston and New York SEC offices in in wake of Markopolos allegations

Examiner.com – David Kotz, Securities and Exchange Commission Inspector General, told the U.S. House Committee on Financial Services last week he was determined to learn "the reasons for the SEC’s apparent failure to act" on repeated warnings about Bernard Madoff’s massive […]

Hedge Fund Trian Partners to Hold Over 50 Million Fast Food Shares

West Palm Beach (HedgeCo.net) – Hedge fund Trian Partners said that they will buy about 49.4 million shares of fast-food operator Wendy’s/Arby’s Group for $4.15 per share, or about $205 million.  The hedge fund and their affiliates now own about […]

Och-Ziff Funds Said to Have Eliminated at Least 10 Jobs in Asia

Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner Raaj Shah, said two people familiar with the matter. The cuts made last week, out […]

Look for Market to Soar When Hedge Funds Stop Selling

Seeking Alpha – A report making the rounds today detailed managers’ Form 13-F filings. This report shows what managers own. Their holdings of U.S. stocks by and large plummeted. The decline in the size of the positions could be from […]

Hedge Funds May Fall to $1 Trillion by Mid-2009, Citigroup Says

Bloomberg – Hedge-fund assets may fall to about $1 trillion by the middle of next year, a decline of almost 50 percent from their peak in June, because of market losses and client withdrawals, Citigroup Inc. said in a report. […]

Hedge funds turn in September to forget

Globe and Mail – Canadian hedge funds posted a brutal 11.2 per cent decline in September, losses that are likely to leave many investors questioning this expensive alternative asset strategy. The latest installment of the Scotia Capital Canadian Hedge Fund Performance […]

Marcial: How Four Pros Played the Stock Meltdown

BusinessWeek – What did investors do when the Dow Jones industrial average plunged 777.68 points, or 7%, on Sept. 29, to 10,365.45? Head for the nearest bar for a double? Or rush to double up, or down, on their stocks? […]

Wolver Hill Japan Hedge Fund Resists Slumping Topix

Bloomberg – Wolver Hill Japan Multi-Strategy Fund, run by Deutsche Bank AG’s former prime brokerage sales chief in Tokyo, resisted the worst month for the nation’s stocks in almost 15 years to be little changed in September. The $11 million […]

Hedge funds to hand back millions

Telegraph.co.uk – In the biggest-ever round of redemptions, funds around the world are braced to give back between 10pc and 50pc of their assets under management. Hedge funds were faced with a slew of redemption notices at the start of […]

Credit Derivatives Market Shrinks 12% as Dealers Reduce Trades

Bloomberg – Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on corporate creditworthiness. The volume of outstanding trades fell […]

Bernanke: ‘We have lost control': Economist recounts talk with Feds Chairman

TMCnet – Several months ago, economist David Hale had a private meeting with Federal Reserve Chairman Ben Bernanke, who was trying to ward off a recession by lowering interest rates and increasing the money supply in the economy. The problem […]

Hedge Funds Gone Wild

CNBC – Hedge funds have more control over stock prices than market and business fundamentals, Cramer said yesterday during Wednesday’s show, but now it looks like at least two companies are fighting back. Yesterday Cramer explained how massive hedge fund […]

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