Monthly Archives: January 2011
Wall Street Warms to China Story
WSJ – China has been important to global economic growth for years, of course. The country likely emerged as the world’s second-largest economy in 2010. It is expected to show close to 10% growth in both 2010 and 2011. Until […]
John Paulson stages a dramatic last-minute rally
FierceFinance – Earlier this year, there was plenty of reason to think hedge fund honcho John Paulson’s funds would take a beating for all of 2010. Most of his funds were lagging, with the exception of his gold fund. But now […]
Hedge fund manager gives up rat race to follow vineyard dream
Telegraph – “I know it will be a lot of hard work,” he said. “It’s a total life change. I know nothing about wine. I’ve just drunk a lot of it. But I have an opportunity to do something totally […]
Hedge fund boss John Paulson to collect £800million
The Daily Mail – Multi-billionaire US hedge fund manager John Paulson, who pulled off one of the biggest coups in Wall Street history when he made £2.3bn by betting against the sub-prime housing market, is showing the Midas touch again […]
Hedge Funds Extend Gains, but Insider Probe Swirls
WSJ – Hedge funds notched another run of gains in 2010. But as the year closed, a wide-ranging insider-trading investigation spooked the industry and cast a cloud that will loom in the months ahead. In 2010, hedge funds on average […]
Two Hedge Funds Charged Under SEC Rule Prohibiting Short-Selling
In one case this week, the SEC charged Los Angeles-based AGB Partners LLC and its principals Gregory A. Bied of Boise, Idaho, and Andrew J. Goldberger of Santa Monica, Calif., finding that they netted thousands of dollars in improper profits […]
Intel Manager Linked to Galleon Case Has Left Company
Bloomberg – Intel Corp. said Rajiv Goel, a defendant in the Galleon Group LLC insider-trading case, is no longer an employee at the chipmaker. Chuck Mulloy, a spokesman for Intel, the world’s biggest chipmaker, said he can’t comment on the […]
Hedge Fund Manager Salus Alpha Launches UCITS III Commodity Arbitrage Fund
New York (HedgeCo.net) – UCITS III hedge fund manager Salus Alpha has launched a new Commodity Arbitrage fund which the company believes is an innovation both in the UCITS III and in the hedge fund world. The investment approach of […]
The Forecast for Financials
Fund Observer – In Wednesday’s State of the Union address, President Obama reiterated his plans to propose a tax on some of the country’s largest banks and legislation that could limit their size and restrict certain types of trading. A […]
Wall Street 2: Weee! Hedge Fund Greed Run Amok (trailer)
Movie Review – Michael Douglas is back as Gordon Gekko (in a new trailer), just in time to catch the latest wave of Wall Street greed in the sequel to his 1987 movie. This time, hedge funds are the instruments […]
BlackRock’s Profit Jumps Five-Fold on BGI, Inflows
Business Week – BlackRock Inc., the world’s biggest money manager, said fourth-quarter net income rose almost five- fold as the purchase of Barclays Global Investors lifted fee revenue and investors poured money into stock and bond funds. Earnings rose to […]
They’re back: sovereign funds want to be heard
Reuters – Last year, with most of the world mired in the “Great Recession,” those outsized sovereign wealth funds amassed by governments from the likes of Abu Dhabi, Singapore and China went missing in action. Now they’re back, and ready […]