Tag Archives: bear-stearns


A test case for Wall Street justice

CNN Money – Ralph Cioffi and Matthew Tannin, both former hedge fund managers at Bear Stearns, are accused of painting a rosy picture of their portfolios, even though “the defendants believed that the funds were in grave condition and at […]

U.S. and accused Bear managers battle over evidence

Forbes – U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government’s access to documentary evidence. Lawyers for one of the accused, Ralph Cioffi, described […]

Case will throw light on funds before Bear Stearns collapsed

Daily Telegraph – The funds collapsed as billions of dollars of bets made on mortgage-backed bonds and collateralised debt obligations (CDOs) unravelled, and when the time came to try to sell some of the funds’ sub-prime mortgages, no one wanted […]

Ex-Bear Hedge Manager Allegedly Sought to Use Funds for Condo

Bloomberg – Former Bear Stearns Cos. hedge fund manager Ralph Cioffi, indicted for an alleged fraud that helped bring down the securities firm, attempted to use his $2 million redemption from a fund he supervised as collateral for a condominium, […]

JPMorgan’s future in hedge funds

FierceFinance – Not too long ago we were lamenting the trend by top investment banks to move into hedge funds and alternative investments in general. Buying hedge fund firms and launching them internally didn’t work out so well for Citigroup. It […]

BTIG to Expand, Hires 4 High Yield Experts

West Palm Beach (HedgeCo.net) – Institutional brokerage and hedge fund services company BTIG LLC, announced the further expansion of its Global Fixed Income Group with four new hires. The Global Fixed Income Group was launched in February of this year […]

Bank ‘oligopoly’ slows CDS clearing-BlueMountain

Reuters – Large dealers in the $26 trillion credit default swap market are blocking CME Group’s CME.N efforts to clear trades, in a bid to retain their "oligopoly" over the market, hedge fund BlueMountain Capital Management said on Monday. Central […]

Hedge funds wary of US govt

Straits Times – Hedge fund executives at the conference said Mr Obama’s deal undercut bankruptcy court rules that have long given priority to secured lenders. The White House move and its combative stance with hedge funds may keep some managers […]

Geithner Wants Federal Supervision of Hedge Funds, Private Equity Firms

New York (HedgeCo.Net) – If Treasury Secretary Timothy Geithner gets his way, hedge funds and private equity firms will be placed under the supervision of the federal government.   “Over the past 18 months, we have faced the most severe […]

Treasury chief seeking power over hedge funds

Houston Chronicle – Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules. The Treasury chief will […]

Barclays Dismisses Hedge-Fund Suit Against Bear Stearns

Am Law Litigation Daily – Remember how Linklaters’ representation of Barclays in a suit against Bear Stearns cost the firm its client relationship with JPMorgan Chase? It now looks like Linklaters sacrificed its JPMorgan work for nothing. Bloomberg is reporting […]

James Chanos Says Hedge Funds Face Regulation: Year in Review

BloombergThe financial wreckage of 2008 has left no part of our country untouched. It exposed the bankruptcy of business models employed by mortgage companies, investment banks, and rating agencies as well as the flaws of innovations such as structured finance […]

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