Monthly Archives: April 2011
Obama love on Wall Street
Politico – Though the Wall Street Journal reported this morning on some hedge fund managers’ flight from President Obama, a Democrat tells me that next quarter’s fundraising numbers may tell a different story. President Obama headlined a Harlem dinner March […]
Diamond Lake Hedge Fund Founder Kim Sued Over $2 Million in Compensation
Bloomberg – Dow Kim, a former Merrill Lynch & Co. head of trading and investment banking, was sued over $2 million in compensation claimed against the Diamond Lake Investment Group hedge fund venture that he started and dropped. Namuk Cho, […]
Rajaratnam Trial: The Long Odds of an Acquittal for Hedge Fund Millionaire
New York (HedgeCo.net) – After nearly seven weeks of testimony, the high-stakes insider trading trial of hedge fund manager Raj Rajaratnam has been handed to a federal jury in New York’s Southern District. Although there was no conclusion on the […]
Hedge Fund People: Deloitte Appoints Bob Contri as US Head
New York (HedgeCo.net) – Hedge fund industry group Deloitte has appointed Bob Contri as leader of its financial services industry group in the United States. Contri currently serves as Deloitte’s leader to the banking and securities sector. “We are in […]
Madoff Said Picower May Have Suspected Fraud, Henriques Writes
Bloomberg – Bernard L. Madoff believed that one of his billionaire investors, Jeffry Picower, may have suspected him of running a Ponzi scheme, according to a book by Diana B. Henriques. Madoff, serving a 150-year term for the largest Ponzi […]
Museum to boost math by adding fun, subtracting bore
Washington Times – Former hedge-fund quantitative analyst Glen Whitney is planning to open the only museum in the United States dedicated to mathematics. MoMath, which will center on the wonders of mathematics and its connections with art, science and finance, is […]
The Warren Buffett-hedge fund bet tightens
CNN Money – We’re three years into Warren Buffett’s 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett’s horse in the contest — an S&P 500 index fund — […]
Rajaratnam Jury Begins Deliberations in Hedge Fund Insider-Trading Trial
Bloomberg – Galleon Group LLC co-founder Raj Rajaratnam’s fate rests with jurors including a retired bookkeeper, a nurse and a customer-service representative for the New York subway system, as the panel is scheduled for a second day of deliberations in […]
Hedge Fund Events: How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World
Nathaniel Baker, Editor, Bloomberg Hedge Funds Brief, Bloomberg L.P., will present at Golden Networking’s High-Frequency Trading Leaders Forum 2011, “How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World”, May 23, 24 & 25 in New York City. Building […]
SEC shuts down Beverly Hills hedge fund and wealth management business
LA Times – In an unusual move, the Securities and Exchange Commission has temporarily shut down a Beverly Hills hedge fund and wealth management business — which allegedly sought to defraud investors — before anyone actually invested. Elijah Bang and […]
Hedge Fund Mergers: Deminor/Athamas Launch Three Global Equity Funds
Leading European investor service provider, Deminor Investment Management B.V. and Luxemburg hedge fund, Athamas S.A.1 have joined forces to develop their asset management activities. “This collaboration and integration reflects the ongoing consolidation in the fragmented European asset management industry and […]
NY trial tapes seen as Wall Street wake-up call
AP – The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a one-time billionaire hedge fund boss, have given jurors a sometimes colorful dose of the go-big-or-go-home mentality at Wall Street firms. Now the jury must […]