Tag Archives: sister-sites


Government Considering GM Debt/Equity Swap

New York (HedgeCo.Net) – The Obama administration is considering a deal in which they would forgive part of the $13.4 billion owed to them from General Motors Corp. in exchange for an equity stake in the company, according to a […]

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 […]

Former Florida Hedge Fund Manager Awaits Trial

New York (HedgeCo.Net) – Won Sok Lee will face a U.S. trial after fleeing for three years following the discovery of his bogus Florida hedge fund.  The KL Group allegedly defrauded about $200 million out of investors over the course […]

IRS Offers Deal to Tax Evaders

New York (HedgeCo.Net) – Wealthy Americans who have been hoarding cash overseas and failing to pay Uncle Sam are getting a break, as the Internal Revenue Service unveils a plan that will greatly reduce their penalties. The idea comes a […]

Peter Madoff’s Assets Frozen In Investor Lawsuit

New York (HedgeCo.Net) – Peter Madoff, brother of convicted Ponzi schemer Bernard Madoff, had his assets temporarily frozen by a New York State Judge yesterday.  The Chief Compliance Officer of Bernard L. Madoff Investment Securities LLC was sued by an […]

Hedge Fund Assets Plunged to $1.8 Trillion in 2008

New York (HedgeCo.Net) – Hedge fund assets, which were once estimated to reach almost $3 trillion, finished the year at around $1.8 trillion, according to research conducted by London-based HedgeFund Intelligence. The report contends the fall in assets happened almost […]

Australia Extends Short-Selling Ban, Fears Hedge Funds

New York (HedgeCo.Net) – Australian regulators have extended the ban on short-selling, saying the move was in the “national interest” of the country. As large national banks prepare to release their profits in the wake of more write-downs and rising […]

Hedge Fund Manager Looking to Shake Up Target Board

New York (HedgeCo.Net) – Hedge fund manager William Ackman of Pershing Square Capital Management is in talks with discount retailer Target to nominate some potential members to their board of directors, according to a recent Securities and Exchange Commission filing. […]

Citadel Hedge Fund Manager to Step Down

New York (HedgeCo.Net) – Misha Malyshev, a trader for Citadel Investment Group who headed two of the firm’s hedge funds, has resigned according to a report by Bloomberg News. Malyshev seemingly had a successful run with Citadel, working for the […]

UBS to Pay $200 Million to Settle SEC Charges

New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]

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