Monthly Archives: February 2013
Bridgewater to launch new hedge fund
Fox Business News – The world’s largest hedge fund, Bridgewater Associates, told investors it will launch a new hedge fund this year, and that it had sold a minor equity stake in the firm to an unidentified buyer, the Wall […]
Hedge Funds Are Selling These 3 Dividend Paying Consumer Stocks
Are you an active investor in consumer stocks? Are you encouraged by the improving macro environment, the stock market rally, and a positive U.S. job report? If you think this will translate into an improved spending environment, the consumer sector […]
Petters-Linked Hedge Fund Manager’s Trial Delayed After Surprise Guilty Plea
Finalternatives – The chief fundraiser for convicted Ponzi schemer Thomas Petters unexpectedly pleaded guilty to fraud charges Friday, putting a halt to the trial of a hedge fund manager charged with aiding the scam. Frank Vennes, who has repeatedly denied […]
Hedge Funds Racing Oil Refiners to $100 a Barrel: Energy Markets
Bloomberg: Hedge funds and refiners vied to buy oil futures last month, pushing crude to the highest level since September, as the U.S. added jobs and expanded manufacturing while the government said fuel demand will rebound this year. Money managers […]
Cameron Demands Risk U.K. Becoming Hedge Fund Island for Merkel
Bloomberg – U.K. Prime Minister David Cameron and German Chancellor Angela Merkel are both talking up competitiveness — in two incompatible languages. Cameron’s determination to protect the financial-services powerhouse in London and tame what he sees as the bureaucratic leviathan known as the European Union risks […]
Hedge funds up bets against Italy’s Monte Paschi
Reuters – Big-name London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses. Italy’s third-biggest bank is […]
Asian families shunning hedge funds
Asian Investor – Rich Asian families did not make major changes to their portfolios following the 2008 crisis, but one thing they are doing is dialling down their exposure to hedge funds, said family office executives during a recent discussion […]
Witness in Rajaratnam Hedge Fund Insider Trading Case Gets One Year Behind Bars
New York (HedgeCo.Net) – Roomy Khan, a government co-operator in the biggest hedge fund insider trading conspiracy in US history, has been sentenced to one year in prison. Khan has pleaded guilty to passing inside information to Galleon Group fund […]
BCM Hedge Fund Analyst Sentenced in Manhattan
New York (HedgeCo.Net) – Jason Pflaum, a former research analyst with the hedge fund Barai Capital Management (BCM), was sentenced to time served, followed by two years of supervised release, for his participation in an insider trading scheme in which […]
Hedge Fund Backs Spider-Man Lawsuit Against Disney
For the last few years Michael Wolk has quietly worked to advance the multi-billion dollar copyright infringement lawsuit that claims Walt Disney Co. does not own the rights to iconic Stan Lee-created superhero characters it acquired from Marvel Entertainment, like […]
Porsche SE Agrees with Hedge Funds to End N.Y. Litigation
4Traders – Porsche Automobil Holding SE said Thursday it and plaintiffs in a case before the New York State Supreme Court have entered into an agreement to terminate all proceedings before the court. As part of the agreement, the plaintiffs will […]