Monthly Archives: February 2012
Survey: Hedge Fund Allocations to Increase in 2012
New York (HedgeCo.net) – A new survey by AlphaMetrix Global Marketplace found that a majority of investors in hedge funds, commodity trading advisors and private equity funds expect to increase their allocations to those private investments in 2012. More than […]
Shuttered UK hedge fund Pentagon Capital fined $78.6m by SEC for late trading
Opalesque – On Tuesday, U.S. District Judge Robert W. Sweet issued his final ruling, in favor of the Securities and Exchange Commission (SEC) on the case Securities and Exchange Commission v. Pentagon Capital Management PLC, 08-cv-3324, U.S. District Court, Southern District […]
SEC Dismisses Chartwell Case; Charges Hedge Fund Manager Tied to Galleon
Advisor One – On Friday the SEC voluntarily dismissed civil insider trading claims against Chartwell Asset Management and, in a separate case, charged a hedge fund manager tied to the Galleon with insider trading. Chartwell Asset Management Service saw the […]
Hedge fund managers looked to tech in 4th quarter
Reuters – Last year was a dismal one for many U.S. hedge fund managers, but based on their year-end stock holdings, some managers were well positioned to take advantage of this year’s strong start in the equity markets. Thomas Steyer’s […]
CI Financial buys stake in hedge fund
Globe & Mail – CI Financial Corp. is venturing further into the Canadian hedge fund arena, saying it has bought a “significant minority interest” in fledgling firm Lawrence Park Capital Partners Ltd. It is the second equity investment by the […]
Special situations and convertible bonds boost hedge fund performance
Investment Europe – The Lyxor Global Hedge Fund index was up 1.3% in January, reversing its downwards trend in 2011 thanks to special situations, equity long bias and convertible bond strategies. According to Hedge Fund Research, hedge funds recorded their […]
Hedge funds see treasure in new public players
Reuters – Hedge fund managers bought shares of several of last year’s hot IPOs in the fourth quarter, including upscale retailer Michael Kors and online networking site LinkedIn. Another company with an initial public offering that was a hedge fund […]
Morgan Stanley’s David Darst To Headline at Brazil Hedge Fund Forum
New York (HedgeCo.net) – The second annual Hedge Fund Brazil Forum, a South America focused international meeting of hedge fund managers and investors, is being held this year at the Copacabana Palace Hotel in Rio de Janeiro between the 6th-7th March. As […]
Judge urges perjury counts in fraud case be dismissed
StarTribune – A federal magistrate judge recommended Monday that three perjury counts against former hedge fund operator James Fry be dismissed. Fry, whose hedge fund invested in the Tom Petters Ponzi scheme, still faces five counts of securities fraud and […]
Conn. fraud lawsuit details bribery in Venezuela
AP – A Connecticut hedge fund adviser carried out a $500 million fraud scheme with help from people in Venezuela, including a manager at the state-owned oil company, according to lawsuits seeking the return of tens of millions of dollars […]
Ex-Bear Stearns Managers Cioffi, Tannin to Pay $1.05 Million in SEC Suit
Bloomberg – Former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin, acquitted in 2009 of criminal charges they misled investors, agreed to pay $1.05 million to settle a related civil case brought by the U.S. Securities and Exchange Commission. Cioffi agreed to pay […]