Monthly Archives: February 2013
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 […]
Audio: Implementation of AIFM directive delayed by UK government agency as hedge funds scramble to meet new rules
Hedge Funds Review – While the UK has decided to delay implementation of the AIFM directive, managers need to consider the impact of the rules and decide how they will be able to market and distribute hedge funds in Europe. European-based […]
Suit reveals new details of Paulson’s role in Goldman Abacus CDO
Thompson Reuters – Ever since Goldman Sachs agreed to pay $550 million to resolve claims by the Securities and Exchange Commission that it deceived investors in the Abacus collateralized debt obligation, there’s been a giant question mark hovering over the […]
Paulson hedge fund conspired with Goldman in Abacus: lawsuit
Reuters – John Paulson’s hedge fund will have to defend claims that his firm conspired with Goldman Sachs Group Inc to fraudulently induce a bond insurer to guarantee payments on risky debt, court papers show. Bond insurer ACA Financial on […]
Icahn Domain Pops Up After Herbalife Hedge Fund Fight
Bloomberg – First, hedge fund titans Bill Ackman, Carl Icahn and Daniel Loeb tussled publicly over whether Herbalife Ltd. (HLF) is a pyramid scheme. Now their names are popping up online in ominous-sounding domain names, including “therealcarlicahn.com” and “therealdanielloeb.com.” While […]
Why CitiGroup Hid Its Hedge Fund Numbers
New York (HedgeCo.net) – This coming April issue of Bloomberg Markets magazine reports that four of Citi’s seven biggest hedge funds have underperformed their indexes since they started, according to investors. Five of the seven lost money in 2011. The […]
FBI enlists ‘Gordon Gekko’ in financial crimes campaign
CNN – The FBI on Monday unveiled a videotaped message from the actor who played the infamous fictional insider trader Gordon Gekko to help bolster a wide-ranging attack on financial crimes. At an FBI headquarters briefing on the stepped-up fight […]