Monthly Archives: January 2013
Hedge funds bet British retailers’ troubles will deepen
Reuters – Hedge funds are betting that a prolonged consumer squeeze and a further shift to online shopping could spell trouble for Britain’s retail chains, and are targeting some of its best-known electrical, clothes and supermarket stores. With the economic […]
Top 10 Trends in Institutional Securities & Investments, 2013
User Contributed News – A new report from Aite Group reveals the top 10 trends that will shape the institutional securities & investments industry in 2013. While regulation will remain a dominant concern and industry driver, it is in a more mature […]
Hedge Fund Fraud: Wireless Analyst Sentenced to 4+ Years
New York (HedgeCo.Net) – The securities research analyst who had publicly refused in 2010 to wear a wire in a hedge fund insider trading trading probe was sentenced yesterday to over four years in prison, Bloomberg’s HedgeWorld reports. John Kinnucan […]
Hedge Fund People – BTIG Hires Three Knight Capital Traders
New York (HedgeCo.Net) – Global institutional trading and related brokerage services firm BTIG LLC, has added three hedge fund veteran traders: Matt Biety, Matt Krebs and Peter Murphy, to its Chicago office. Peter Murphy joins BTIG as a Managing Director. He is […]
Kid Sends Perfectly Blunt Cover Letter For Wall Street Internship, And Now Tons Of People Are Trying To Hire Him
Business Insider – Sometimes we get forwarded applications for summer internships on Wall Street that are extremely embarrassing because the applicant is totally full of themselves or completely clueless. What happens is the letters go viral and the Street passes […]
GFI Group Introduces GFI Direct – its Multi-Bank Trading Platform
User Contributed News – GFI Group Inc. (NYSE:GFIG) announced today that the FENICS FX options multi-bank trading platform “FENICS TraderSM“ will now be operated by regulated subsidiaries of GFI Group Inc. and renamed GFI Direct. This repositioning of the Request for […]
Louisiana pension funds cut ties with consultant after hedge fund investment hits snags
NOLA – All five Louisiana retirement systems that have relied on the controversial Memphis-based investment firm Consulting Services Group have taken recent steps to distance themselves from the firm, with two selecting new outfits and the others in various stages […]
Arena Pharma Investors: DEA, Hedge Funds Conspiring To Destroy Belviq
TheStreet – Some of Arena Pharmaceuticals’ retail-investor shareholders accuse the U.S. Drug Enforcement Agency of conspiring with Wall Street hedge funds to delay the commercial launch of the company’s weight-loss pill Belviq. The DEA is collecting public comments on its […]
Mariner absorbs Concordia as hedge fund consolidation gathers pace
Hedge Funds Review – Advisors, which manages around $1 billion in relative value-oriented interest rate, credit and equity strategies, is to merge with $10 billion hedge fund Mariner Investment Group. Mariner Investment Group is taking over the investment teams and […]
SEC Settlements Reach Highest Level Since 2007
Reuters – U.S. securities regulators reached 714 settlements with defendants in civil cases in the 2012 fiscal year, the highest number since 2007, a report released on Monday [Jan. 14] showed. The biannual report by NERA Economic Consulting found that […]
Paladyne Invests in Senior Buy-side Talent, Expands Sales Team
User Contributed News – Paladyne Systems, a Broadridge Financial Solutions company (NYSE:BR) and a leading provider of next-generation investment management solutions, today announced the appointment of Jim Feingold as Global Head of Sales. In addition, joining the sales and business […]
Conifer Launches Cloud-Based Hedge Fund PF Solution
New York (HedgeCo.Net) – Hedge fund administrator The Conifer Group LLC, has launched a cloud-based Form PF solution. The technology will allow Conifer’s fund administration clients and other funds to complete, file and revise Form PF, an in-depth document which […]