Monthly Archives: April 2013
Hedge Fund Fraud: Man Employee Arrested
New York (HedgeCo.Net) – An unidentified employee in hedge fund giant Man Group’s GLG division was arrested on suspicion of insider trading. The UK Financial Services Authority (FSA) announced the arrest of three fund management employees in London. “The investigation concerned the employee’s […]
Hedge Fund Managers: AIFMD To Be Implemented on July 22
New York (HedgeCo.Net) – The Alternative Investment Fund Managers Directive (the “Directive”) will be implemented on July 22, 2013 and will impact the reporting requirements of alternative investment fund managers (“AIFMs”) covered by the Directive, including hedge funds based in […]
Hong Kong Hedge Fund Industry Picks up Pieces for Worlds Rich Club
Forex Magnates – The hedge fund industry is finally the talk of ‘good news’ as hedge funds in Hong Kong have picked up pace for the investment managers of the rich and wealthy. Hedge funds in Hong Kong scored a 38% […]
The Daily Docket: Hedge Funds Want Trustee to Take Over Patriot Coal
Dow Jones – Two hedge funds are asking that an outsider take over Patriot Coal Corp . in order to extricate it from a bitter fight with its miners union. Aurelius Capital Management LP and Knighthead Capital Management LLC, which manage funds […]
The Cyprus Finance Minister Had Resigned
Business Insider – Just breaking now: The Finance Minister of Cyprus Michael Sarris has resigned. This comes in the wake of a very tumultuous bailout for the country, which saw large depositors at two large banks get slammed. Read Complete […]
All Hedge Funds May Not Be Bad — Here’s How to Suss Yours Out
Forbes – There’s a public debate raging about the pros and cons of hedge funds—not any individual hedge fund, mind you, but rather hedge funds in general. There’s been plenty of skeptical talk in my circles. As a whole, the […]
Ex-Morgan Stanley manager launches Japanese equity hedge fund
Reuters – A former fund manager at Morgan Stanley Asset and Investment Management launched a Japanese equity long-short hedge fund on Monday, betting on interest from overseas investors after a recent surge in Tokyo stocks. Tsukasa Shimoda, the founder and […]
Hedge Funds Are Crazy About Alcatel Lucent SA
Insider Monkey – In the eyes of most traders, hedge funds are perceived as slow, outdated investment tools of the past. While there are greater than 8000 funds in operation at present, we at Insider Monkey choose to focus on […]
Hedge fund titans post gains on contrasting Herbalife bets
efinancialnews – Hedge fund titan William Ackman, whose $12.5bn Pershing Square Capital Management has sold “short” more than 20 million shares of Herbalife for over $1bn, is understood to have notched a $200m-plus paper profit on the trade till date. […]
Judge Is Skeptical of S.E.C. Deal With Hedge Fund
NYTimes – A federal judge raised questions on Thursday about a settlement of more than $600 million between the hedge fund SAC Capital Advisors and securities regulators to resolve insider-trading accusations, expressing specific concerns over a provision that allows SAC […]
Ex-Morgan Stanley manager launches Japanese equity hedge fund
(Reuters) – A former fund manager at Morgan Stanley Asset and Investment Management launched a Japanese equity long-short hedge fund on Monday, betting on interest from overseas investors after a recent surge in Tokyo stocks. Tsukasa Shimoda, the founder and […]
All Hedge Funds May Not Be Bad — Here’s How to Suss Yours Out
Forbes – There’s a public debate raging about the pros and cons of hedge funds—not any individual hedge fund, mind you, but rather hedge funds in general. There’s been plenty of skeptical talk in my circles. As a whole, the […]