Monthly Archives: January 2012
Ex-Lawyer Rothstein Testifies Fund Managers Aided Ponzi Scheme
Bloomberg – Scott Rothstein, the Florida lawyer sentenced to 50 years in prison for running a $1.2 billion Ponzi scheme, said officials at three Manhattan hedge funds helped him prop up the fraud in its final months, according to transcripts […]
High-end doggy day care: No downsizing for Fido
USA Today – Drafted by the Carolina Panthers after an Ivy League education, Mitch Marrow had planned on a career playing in the National Football League. But a serious back injury cut short his dream. Now, after more than a […]
European banks’ exposure to India may add up to 15% of GDP
India Express – Policy-makers in New Delhi and Mumbai are not convinced, but global investment banks and hedge funds with significant interests in India, are deeply concerned that a blowing over of the European sovereign debt crises will adversely impact […]
Cable refuses to back knighthood for Tory hedge fund millionaire who made money from fall of Northern Rock
Daily Mail – The row over the honour for hedge fund trader and Tory donor Paul Ruddock intensified last night after Business Secretary Vince Cable refused to endorse the award. Asked if he supported David Cameron’s decision to approve Mr […]
Comment: The Alternative Investment Management Association On Hedge Fund Regulation
New York (HedgeCo.net) – The global hedge fund industry is not ‘un-regulated’ or lightly-regulated. Hedge fund managers are already rigorously regulated in all the main jurisdictions in which they operate, and significant new regulation is being introduced internationally. That’s according […]
The Tribune, other papers, in hedge fund’s hands
The Salt Lake Tribune – The newspaper industry knows little about the inner workings of Alden, a hedge fund that has been quietly making investments in distressed media companies for three years, while its representatives repeatedly ignore requests for interviews. […]
Bonus pressure helps hedge funds poach IT talent
Recruiter – Pressure on banks to limit and defer bonuses and pay only a small percentage in cash enabling hedge fund start-ups to poach key IT staff from the banking sector, according to technology staffing specialist ReThink Recruitment. ReThink Recruitment […]
MAN Group to exploit brokers’ tips through ETF launch
Reuters – Hedge fund giant Man Group is to enter the ETF market with the launch of an innovative fund designed to exploit brokers’ tips. According to the Financial Times, Man GLG Europe Plus Source ETF, will trade brokers’ tips […]
Hedge Funds Reduce Bullish Copper Bets by Most Since August
Bloomberg – Hedge funds reduced their bullish bets on copper futures by the most in five months on concern that China, the world’s largest buyer, may take more steps to restrain its economy. Hedge funds and money managers cut net-long positions, […]
Barai Capital hedge fund under U.S. government scanner
Reuters – The founder of U.S. hedge fund firm Barai Capital Management has been drawn into the government’s insider trading probe that involves “expert network” firms, the Wall Street Journal said, citing people familiar with the matter. Samir Barai, the […]
Connecticut Hedge Fund Manager Charged By The SEC In $53 Million Fraud
New York (HedgeCo.net) – The SEC has obtained a court order freezing the assets of a Stamford, Conn.-based investment adviser and its principal, Francisco Illarramendi, charging that they misappropriated at least $53 million in investor funds and used the money […]