Monthly Archives: January 2009

Novices Given $1 Million to Start a Hedge Fund on TV

January 22, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Avanta is making its UK television debut with Million Dollar Traders on BBC2. Aired for 3 weeks in January, the series will play out at Avanta’s Austin Friars business centre in London. The program gives […]

Dreier Claims His Son Was Promised Property, Prosecutors Say

January 22, 2009 : Permalink

Bloomberg – Marc Dreier, the New York lawyer accused of cheating hedge funds, said he told his 19-year-old son he could have properties worth $12.5 million after the teenager agreed to spend the summer with him, prosecutors said. Assistant U.S. Attorney […]

Morningstar Reviews 2008’s Losses and Gains

January 22, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In their summary of hedge fund performance for the fourth quarter and full year of 2008, Morningstar reported that 2008’s low returns wiped out the last two years gains. Investors lost their appetite for hedge […]

Suspected NYSE insider trading rose in 2008

January 22, 2009 : Permalink

Reuters – Suspected insider trading cases reached an all-time high last year, driven less by hedge funds and more by pillow talk between relatives and friends, the head of surveillance at the New York Stock Exchange said on Wednesday. In […]

Fidelity Launches Indian Fund of Hedge Funds

January 22, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Fidelity International is launching the Fidelity Wealth Builder Fund through it’s Indian asset management arm, the new fund is an open ended fund of funds scheme offering asset allocation options with three plans. The investment […]

Hedge funds see $155 billion of withdrawals

January 22, 2009 : Permalink

ArabianBusiness.com – A record $155 billion was pulled out of hedge funds last year, punishing the once red-hot asset class for delivering its worst-ever returns, according to numbers released on Wednesday. Chicago-based tracking firm Hedge Fund Research said hedge funds […]

SEC charges missing money manager Nadel with fraud

January 22, 2009 : Permalink

PR Inside – Federal regulators on Wednesday charged a missing hedge fund manager with fraud, saying he misled investors and overstated the value of investments in the six funds by about $300 million. The Securities and Exchange Commission won a court […]

Hedge Funds Not Behind Sell-Off In Banks Say Experts

January 21, 2009 : Permalink

Wall Street Journal – Experts say hedge funds are not responsible for the wholesale selloff in U.K. financial stocks which saw shares in the four remaining major banks dive to record lows earlier this week and prompted renewed calls to […]

Hedge Funds Care to Host 11th Annual New York Open Your Heart to the Children Benefit

January 21, 2009 : Permalink

NEW YORK, January 21, 2008 – Hedge Funds Care, a global non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced today that it will hold its […]

GLG Partners Adds Pendragon Hedge Fund Managers

January 21, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian Harvey Wood, to focus on event driven strategies. In […]

Short-sellers are back with sharpened tools

January 21, 2009 : Permalink

WalesOnline – Last week saw the return of the credit crunch’s bogey product: short selling. The practice was banned by the Financial Services Authority last September after it was blamed for wiping millions off the value of bank shares, betting […]

Renewed fears as Lloyds shares crash

January 21, 2009 : Permalink

nebusiness.co.uk – LLOYDS Banking Group became the latest casualty of the bank sector sell-off yesterday as its shares plunged as much as 47%. Royal Bank of Scotland steadied a little after Monday’s mammoth 67% fall, but doubts over the Government’s […]