Monthly Archives: April 2011
Gov’t: Evidence overwhelming in NY hedge fund case
AP – Federal prosecutors told a jury on Wednesday that exhaustive wiretap evidence proves a Wall Street heavyweight routinely used a cadre of “corporate spies” to get rich off inside trades, while the defense insisted he was merely one of […]
Hedge fund managers more upbeat for 2011-survey
Reuters – Hedge fund managers are finally breathing a sigh of relief. Newly confident that investment opportunities will improve in 2011 as the global economy recovers, more than half said they have a generally positive outlook for the industry, a […]
When Hedge Fund Owners Invest in Sports Teams
Bloomberg – John W. Henry, founder of futures trader John W. Henry & Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years […]
Closing Arguments Begin in Hedge Fund Boss Rajaratnam Insider Trading Trial
WNYC – Six weeks after it began, the trial of hedge fund manager Raj Rajaratnam will enter its final phase Wednesday in a Manhattan courtroom. Government lawyers will try to convince the jury that the former billionaire hedge fund boss […]
Hedge Fund Adviser Launches Seven New Alternative Mutual Funds in First Quarter
New York – (HedgeCo.net) – Hedge fund adviser Gemini Fund Services, LLC (Gemini), announced the launch of seven alternative mutual funds in the first quarter of 2011. “Gemini partners with advisors to develop the investment product that meets their specific vision […]
Texas University Endowment Buys $1 Billion in Gold
Bloomberg – The University of Texas Investment Management Company, which manages the endowment of the University of Texas system and Texas A&M University, has purchased $1 billion worth of gold bullion recently as a hedge against inflation, according to an April […]
Annual Survey of Global Compliance and Risk Professionals
New York (HedgeCo.net) – The Annual Global Accelus Survey by Thomson Reuters GRC, released today, polled more than two thousand senior governance professionals, compliance officers and legal counsel who manage risk everyday for their companies, and survey data indicate that today’s […]
31-Year Old Brett Icahn’s Hedge Fund Returned 50% Last Year
Business Insider – The 31-year old son of Carl Icahn, Brett Icahn, runs a hedge fund that returned 50% last year, according to the New York Times. His father announced his retirement from managing money for outside investors in fall 2010, […]
Iron Mountain to Return Cash, Sell Unit After Elliott Proposal
Bloomberg – Iron Mountain Inc. (IRM), the world’s largest document storage company, said it will return cash to shareholders and sell its digital unit after pressure from hedge fund investor Elliott Management Corp. Iron Mountain also agreed to consider converting […]
Lawyer unraveling Ponzi scheme seeks extension
AP – The attorney assigned to unravel a Connecticut-based investment pyramid scheme says it will take longer than expected to account for the money, including hundreds of millions of dollars invested on behalf of a pension fund for Venezuelan state […]
Hedge Funds Have ‘Outperformed the Market’ for 10 Years: Consultant
CNBC – During the last 10 years the hedge fund industry has outperformed the market with less volatility, Simon Fludgate, partner at Aksia, a hedge fund research and advisory firm, told CNBC Tuesday. The key is for investors to be diligent and make […]
Hedge funds oversee $2.02 trillion, hit new record
Reuters – Hedge funds are back and bigger than ever. Fueled by fresh investor demand, these loosely regulated portfolios now manage $2.02 trillion, marking an all-time high for the industry, data released on Tuesday by Hedge Fund Research (HFR) show. The […]