Tag Archives: lengthy-prison-terms


Florida Hedge Fund Fraudster Remains in Federal Custody

New York (HedgeCo.Net) – A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk.  Attorneys for Won-Sok Lee were seeking a continuance for […]

Goldman’s Hedge Funds Business A Bright Spot In Down Year

CNN Money – Hedge funds may be struggling and closing up shop in the current market environment, but Goldman Sachs Group Inc. (GS) was able to make more money tending to the funds’ needs this year than last. The company, […]

Hedge Funds Lower Fees, Lengthen Investor Lockups

Bloomberg – Artradis Fund Management Pte, RAB Capital Plc’s Northwest unit and Cannizaro (Hong Kong) Ltd. are cutting fees and locking up investors’ money for longer in new hedge funds that will buy bonds after prices fell in Asia. Merrill […]

Hedge Funds Lower Fees, Lengthen Lockups on New Bond Funds

Bloomberg – Artradis Fund Management Pte, RAB Capital Plc’s Northwest unit and Cannizaro (Hong Kong) Ltd. are cutting fees and locking up investors’ money for longer in new hedge funds that will buy bonds after prices fell in Asia. Merrill Lynch & […]

Hedge Fund Investors Demanding More Control

New York Post – The days of hedge funds operating behind a curtain may soon be over. Bruised and bloodied by unprecedented losses, hedge-fund investors are rebelling, demanding lower fees, greater transparency and, in a growing number of cases, unfettered […]

Citi Prime Brokerage Singapore Head Leaves Co-Sources

CNN Money – In another sign the financial crisis is hitting Asia’s once booming hedge-fund industry, Alexis Fosler, the head of Citigroup Inc.’s ( C) prime brokerage team in Singapore has left the company, two people familiar with the situation […]

M. Stanley Asia prime broker head leaves-source

CNBC – The head of Morgan Stanley’s prime brokerage arm in Asia, Kurt Baker, has left the firm amid the slump in Asia’s hedge fund industry, a source with direct knowledge of the situation said on Wednesday. A spokesman for […]

BNP Paribas Wins Prime Brokerage Business With Hedge Fund CQS

Bloomberg – BNP Paribas SA, France’s biggest bank, won prime brokerage business in Asia with hedge fund CQS (U.K.) LLP as it seeks to lure clients in the region from rivals. The new contract with CQS, a London-based hedge fund […]

Former Citigroup Manager Joins RFA

West Palm Beach (HedgeCo.net) – Hedge fund IT provider, Richard Fleischman & Associates, announced that Colin Moe has joined the firm as account manager. The appointment furthers RFA’s unprecedented growth and commitment to serve its client base of 400-plus alternative […]

VW squeeze may hit hedge funds frozen by Lehman

Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close. While no money has yet been demanded by the […]

Hedge Fund Service Team Launched by BNP Paribas

West Palm Beach (HedgeCo.net) – BNP Paribas has launched a global, transversal, multi-asset, hedge fund client service team. The team will be a single point of entry for Hedge Funds for all inquiry, according to BNP, leveraging the bank’s capabilities […]

Morgan Stanley prime broker woes seen lasting

guardian.co.uk – Morgan Stanley survived the recent panic in financial markets, but its prime brokerage business may never fully recover. More than a third of Morgan’s prime brokerage assets went out the door during the past month — some rivals […]

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