Monthly Archives: January 2009

Grand jury: Ind. man deliberately crashed plane

January 21, 2009 : Permalink

Philadelphia Inquirer – A federal grand jury indicted an Indiana investment adviser Tuesday on charges of deliberately crashing his small airplane in the Florida Panhandle to try to fake his own death as part of a plan to escape financial […]

Schools re-evaluate after Madoff losses

January 21, 2009 : Permalink

The Brown Daily Herald – Several colleges and universities are sustaining large financial losses in the aftermath of Bernard Madoff’s $50 billion hedge fund scam. Madoff defrauded investors by using money collected from new investors to pay off existing ones […]

Deutsche Bank Says Had No Losses on Two Hedge Funds

January 21, 2009 : Permalink

Bloomberg –  Deutsche Bank AG, Germany’s biggest bank, said it suffered no losses from its U.S. hedge funds CQ Capital and Distressed Opportunities. The Frankfurt-based company invested no capital in the hedge funds, which are for institutional asset management clients, […]

Worries over hedge funds send LSE to four-year low

January 21, 2009 : Permalink

Times Online – Shares in the London Stock Exchange dropped nearly 10 per cent or 50½p to a four-year low of 463½p amid fears that its trading update tomorrow will show another dramatic slump in the value of equities traded […]

Mace Security says it’s owed $2M by missing hedge fund manager

January 21, 2009 : Permalink

MSN MoneyCentral – Mace Security International Inc. said Tuesday it has only received $1 million of a little more than $3.2 million owed it by a hedge fund managed by missing Florida money manager Arthur Nadel. The Horsham, Pa., maker […]

Authorities think money manager planned to vanish

January 21, 2009 : Permalink

Arlington Heights Daily Herald – A missing hedge fund manager who owed investors a $50 million payout told his wife in a note he felt guilty about mismanaging people’s money, and threatened to kill himself, according to a sheriff’s report […]

Hedge funds may have missed out on bank share slump

January 21, 2009 : Permalink

LONDON (Reuters) – Hedge funds may have missed out on sharp falls in banks’ shares in recent days because few rushed in after the UK’s ban on short selling financial stocks expired on Friday, data shows. According to figures from […]

Another Florida Ponzi-Scheme?

January 21, 2009 : Permalink

New York (HedgeCo.Net) – Investors in South Florida are fearing the worst, with all eyes turned to Michael Riolo, a Boca Raton resident who may have bilked over $50 million out of investors. Riolo regularly distributed performance reports to his […]

Hedge Fund Manager sees ‘outstanding’ value opportunities in 2009

January 20, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Beijing-based fund manager, Lowes Wealth Management (LWM), has announced a bullish programme of stock acquisition, building on the opportunities thrown up by the global downturn. LWM, which runs the recently launched Elite East-West Value Fund, […]

Third Party Administrators to Improve Hedge Fund Transparency

January 20, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In an example of how hedge funds and CTAs are turning to third-party administrators with an eye on offering their investors improved transparency, hedge fund and FoHF provider Spectrum Global Fund Administration has teamed up […]

Hopes high as Obama takes office

January 20, 2009 : Permalink

Reuters – Barack Obama takes over as U.S. president on Tuesday with hopes riding high he can conjure up a rescue that will jolt the world’s biggest economy back to life and contain the financial crisis ravaging global markets. The […]

Don’t ask what Obama can do for Wall Street….

January 20, 2009 : Permalink

Market Watch – No new president in the modern era, save for Franklin Roosevelt, has been handed an opportunity to remake the almost every part of the market. Barack Obama and his administration will decide everything from who lives and […]