Monthly Archives: January 2010
S.E.C. Cites 2 Funds for Short-Sale Violations
NYT – The Securities and Exchange Commission announced on Tuesday two enforcement actions against hedge funds that had profited by shorting stocks just before they bought shares of the same stock in a public offering. The agency said they were […]
Gottex says hedge fund outflows to reverse in ’10
Reuters – Alternative asset manager Gottex Fund Management Holdings said it expected solid inflows from institutional investors into its hedge funds this year despite assets slipping in the fourth quarter. The company also said its market neutral funds, which attempt […]
UK hedge funds unlikely to sue Porsche
Reuters – UK hedge funds are unlikely to follow U.S. funds in suing Porsche, because they are striving to reach a compromise in Europe over tough new rules for the industry, industry sources said. On Monday a group of U.S. […]
Nearly All Financial Pros Take Home Bonus
New York (Press Release) – Nearly every Wall Street professional will receive a year-end bonus – and for those collecting more, the amounts are double the previous year’s payouts, according to a survey on the bonus season’s early results by […]
Hedge funds’ $1bn lawsuit says Porsche lied on VW ambition
Times Online – American hedge fund managers sued Porsche and two of its former top managers yesterday for more than $1 billion (£620 million), in what may be one of the biggest damages claims ever received by a German company. […]
U.K. Economy Exits Recession
WSJ – The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008. However, growth in the latest quarter was far less than expected, […]
Spherix Capital Founder Far, Ex-Pres Lee Agree To Settle SEC Insider Case
WSJ – The Wall Street Journal reports: The founder of California hedge fund Spherix Capital LLC and its former president will pay more than $2 million to settle a civil insider-trading lawsuit brought by the U.S. Securities & Exchange Commission, […]
Hedge fund ‘survivors’ see thawing in investor activity
Cleveland Business – After a brutal two years filled with the closure of many hedge funds, the managers of those that remain said they’ve proven both their worth and their staying power. While less volatility may mean more modest returns […]
“Volcker Rule” Socks Bank Trading, Funding for Hedge funds and Private Equity
Money Morning – The fallout from the “Volcker Rule,” President Barack Obama’s proposal to ban banks from making speculative investments that do not benefit their customers, rattled stock and bond markets last week as analysts panicked over the possible repercussions. […]
SEC May Approve Restrictions on Short Sales When Stocks Plunge
Bloomberg – Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging. The regulation would require the trades be executed above the […]