Monthly Archives: February 2011
Galleon/Rajaratnam Hedge Fund Trial Phostponed Till March 2011
New York (HedgeCo.net) – U.S. District Court Judge Richard Holwell in New York has postponed hedge fund founder Raj Rajaratnam’s trial from February 28, to March 8th, according to Reuters. The judge did not provide a reason. Reuters reported that according to […]
Hedge fund managers look to institutional investors
HedgeStrategy – Nearly half of hedge fund managers plan to market specifically to institutional investors in the coming year, according to the latest study from Preqin. It has emerged that 61% of hedge fund capital now comes from institutional investors […]
Indicted hedge fund trader linked to Cohen, Druker
Reuters – Steven Cohen and Neil Druker are at opposite ends of the spectrum when it comes to hedge fund fame and trading prowess. But both wealthy hedge fund managers now find themselves linked to a U.S. insider trading investigation […]
Soros Joins Paulson Saying Fed Did Too Little to Prevent Financial Crisis
Bloomberg – George Soros and John Paulson, who oversee two of the world’s largest hedge funds, say the Federal Reserve helped cause the financial crisis through inaction and lack of oversight, according to interviews released yesterday. Paulson, whose Paulson & Co. made […]
SAC’s Trading Mimics Insider Dealings Identified by Prosecutors
Bloomberg – SAC Capital Advisors LP traded at least 11 stocks near the time of insider trading in the same shares that prosecutors have identified at other hedge funds, according to data compiled by Bloomberg. Former SAC portfolio managers Noah Freeman […]
Portuguese bond yields hit 10-year high
UPI – Portuguese debt went from buy to sell Wednesday, forcing yields to 10-year highs and renewing concern of a possible economic bailout, a rates strategist said. “Once again we’re back into this lull where they (EU policymakers) have promised […]
Hall’s Astenbeck fund beats rivals even as oil lags
Reuters – Andrew Hall’s ability to beat competitors with a 12 percent return on his flagship hedge fund and raise over $1.5 billion last year is probably unsurprising from a trader accustomed to outsmarting rivals. The surprise is that he […]
Bakrie Group’s Ridwan Plans Indonesia-Focused Stock Hedge Fund
Bloomberg – Edwin Ridwan, who helped set up the proprietary equity trading desk of Bakrie Group last year, is seeking capital to start an Indonesia-focused hedge fund that will bet on rising stocks. Ridwan, 41, is in talks with the […]
Fed says no leeway on Volcker Rule timing
Reuters – The U.S. Federal Reserve has denied requests from financial industry players to give them more leeway in the time they have to comply with the Volcker Rule, the agency announced on Wednesday. The Fed put out a final […]
Hedge Funds Care to Honor Anthony Scaramucci
New York (HedgeCo.net) – Hedge Funds Care, an international non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced that it will hold its 13th Annual New […]
Hedge Fund Mergers & Acquisitions: Alpha Theory/Axtell Consulting Group
New York (HedgeCo.net) – Alpha Theory announced the acquisition of hedge fund risk management consulting firm Axtell Consulting Group. The acquisition allows Alpha Theory to offer a more comprehensive set of risk and portfolio management consulting services to its clients. […]