Monthly Archives: February 2011
Introduction Capital Announces 1st Canadian Hedge Fund Forum
Introduction Capital announces the 1st Canadian Alternative Investment Forum, a day-long event taking place on Thursday, April 7th, 2011, that will showcase some of Canada’s best alternative managers as well as a select group of sophisticated family offices. Sponsored thus […]
Fugitive Kim used Bernie M.O.
New York Post – Fugitive hedge-fund manager Brian Kim, who stands accused of cheating investors out of $4 million, appears to have scrambled to cover a telltale sign of his alleged fraud on the heels of Bernie Madoff’s massive Ponzi […]
Brooklyn rabbi sentenced to four years for extorting $4 million from hedge fund
New York Daily News – A Brooklyn rabbi convicted of extorting $4 million from a hedge fund was sentenced Friday to four years in prison. Milton Balkany, 64, who headed a religious day school for girls in Borough Park, faced up […]
Bush Hedge Fund Bid Under Scrutiny
New York (HedgeCo.net) – A hedge fund managed by Marvin Bush, the brother of former President George W. Bush, failed to disclose previous litigation against its founding partner. The Nashville legal department, according to news source The Tennessean, is looking […]
Cayman hedge fund service firm expands into Asia
Cayman News Service – Local hedge fund firm dms Management Ltd has opened an office in the Asia-Pacific region. The firm said the dms Management (Hong Kong) Limited ensures real-time service for DMS’ Asia-Pacific clientele and solidifies the global strength […]
Woman’s touch helps hedge funds retain their value
Guardian – Hedge funds run by women have fallen only half as much during the financial crisis as those managed by men, research shows. The value of female-managed funds dropped by 9.6% in the past year, compared with a plunge […]
European Hedge Funds Get Hammered By Euro, Emerging Markets
WSJ – Some of Europe’s largest hedge funds are limping this year after making bad bets on investments like the euro and emerging markets. A $2.7 billion fund run by Brevan Howard Asset Management LLP in London, called the Emerging […]
Bernanke: Crisis Taught Us To Be Very Aggressive With Banks
Dow Jones – The financial crisis has taught regulators to be more aggressive with big financial firms, Federal Reserve Chairman Ben Bernanke said Thursday. Speaking to a Senate panel together with other senior regulators, Bernanke said: “We’ve all learnt lessons […]
Hedge Fund Owns 24 Texas Shopping Centers
New York (HedgeCo.net) – Hedge fund manager Investcorp’s US-based real estate arm has made over $100 million in acquisitions in the past 30 days. The most recent of three purchases made by Investcorp over the past 30 days was the […]
Disney Leaker Should Get 10 Months, U.S. Says
Bloomberg – Bonnie Hoxie, the former Walt Disney Co. employee who pleaded guilty to trying to sell confidential earnings information, should get a term of as long as 10 months in prison, U.S. prosecutors said. Hoxie, the former assistant to Disney […]
Falcone’s LightSquared Said to Be Near $585 Million Loan Accord
Bloomberg – Philip Falcone’s LightSquared Inc. venture is close to securing a $585 million loan to build its wireless network, as it negotiates a wholesale deal with a nationwide carrier, said two people familiar with the plans. An official announcement […]
Hedge fund manager files for bankruptcy
Tampa Bay Business Journal – Hedge fund manager Terry D. Rawstern estimates the combined value of his 2000 Pontiac Firebird and 2001 Explorer at $6,000. His house in Greyhawk Landing, valued at $335,000 for tax purposes, is in foreclosure. He has […]