Monthly Archives: April 2011
Palm Beach Hedge Fund Managers Plead Guilty In Petters Case
New York (HedgeCo.net) – Two Florida hedge fund managers, David William Harrold and Bruce Francis Prevost, pleaded guilty at the end of last week to four counts of securities fraud. The FBI has accused the two of misrepresenting their hedge […]
Hedge funds may form a significantly larger part of pension assets
Times Live – The Treasury has decided to allow institutional and retail investors to invest up to 10% of their assets in hedge funds. Previously, hedge-fund investments had to slot into a meagre 2.5% allocation for a collection of “alternative” […]
Jacksonville council looking at hedge fund use in pension system
Florida Times – Jacksonville’s City Council could vote Tuesday to let the city’s main pension system make hedge fund investments and other deals the city used to consider too risky. Backers say they’re asking now because those deals are safer […]
How do absolute returns stack up against hedge funds?
CityWire – Absolute return funds continue to garner assets at a rapid rate and many wealth managers now actually favour Ucits III portfolios over the traditional offshore hedge funds they are so often designed to mirror. With so much uncertainty […]
Oil Rises a Fourth Day; Hedge Funds Buy Gas
Bloomberg – Hedge funds increased bullish bets on natural gas for the sixth time in seven weeks as a drop in U.S. nuclear power output to the lowest level in more than four years raised speculation that utilities will boost […]
Special Report: From Hannibal Lecter to Bernie Madoff
Reuters – Bernard Madoff, the architect of history’s biggest Ponzi scheme — and Gary Ridgway – the Green River killer — would seem to have little in common aside from being branded as “monsters” in the tabloids. But a team […]
CFO Survey: Increased Optimism For U.S. Economy and Hiring But Serious Inflation Concerns
New York (HedgeCo.net) – In a national survey of U.S. Chief Financial Officers (CFOs) and senior comptrollers conducted by global audit, tax and advisory organization Grant Thornton LLP, there is growing optimism about the U.S. economy as 48% say it will […]
Hedge Fund Launched: GAM Star Dynamic Global Bond
New York (HedgeCo.net) – The Star Dynamic Global Bond was launched on the 11th April 2011. The new fixed income – developed markets UCITS hedge fund aims to produce consistent total returns and outperform an index of developed global bond markets over a market […]
State seeks rules for ‘expert’ networks
Boston Globe – Secretary of State William F. Galvin proposed new regulation yesterday to crack down on hedge funds that use so-called expert networks to illegally obtain information on companies for stock trades. Under the new rule, the Massachusetts Securities […]
Ex-Nomura Trader Overcomes Japan Quake as Hedge Fund Returns 5% in March
Bloomberg – Go Horiuchi, a former trader at Nomura Holdings Inc. (8604), led a 5 percent return with his hedge fund that invests in Nikkei 225 Stock Average options in March, weathering losses caused from Japan’s record earthquake. The Developed Asia Gamma […]
3 Fla. men indicted in wake of $3.7B Ponzi scheme
AP – A former associate of fallen Minnesota businessman Tom Petters and two hedge fund managers were indicted Wednesday in federal court on fraud charges. Frank Vennes, David Harrold and Bruce Prevost were each charged with four counts of securities […]