Monthly Archives: April 2011
The Conifer Group and InvestCloud to Create InvestCloud Solutions
The Conifer Group, LLC today announced the creation of a joint venture with InvestCloud LLC, a Cloud portal and interactive data repository design company. The new company will be known as InvestCloud Solutions, a Conifer Group Company. The partnership will […]
Kiener Says He Manipulated Funds, Lacked Courage to Close K1
Bloomberg – K1 Group founder Helmut Kiener, accused of running a 345 million-euro ($500 million) Ponzi schme, told a court he manipulated accounts and lacked the “courage” to shut down his hedge fund when the scale of his losses became […]
Should Insider Trading Become Legal?
Advanced Trading – Everyday it seems like someone on Wall Street is being charged with insider trading. From the trial of Raj Rajaratnam, to the largest insider trading scandal in New Jersey history, the government has been cracking down hard […]
Money managers in China brew own hedge fund industry
Reuters – China is taking baby steps to develop its hedge fund industry as domestic money managers rush to roll out products armed with the country’s one-year-old derivatives market, creating a fertile ground for its own version of industry legends […]
‘Waiting for Superman’ Hero Defends Hedge Fund Boss in Insider Trader Trial
WNYC – Renowned educator Geoffrey Canada, who played a key role in the 2010 documentary “Waiting for Superman,” testified Wednesday on behalf of hedge fund manager Raj Rajaratnam, who is on trial in Manhattan for alleged insider trading. A high profile […]
Marketing hedge funds to Australian investors
Opalesque – In a presentation on how to market hedge funds to institutional investors in Australia, Steven Hall, CEO of Australian based third party marketing firm Brookvine noted that it is well worth marketing hedge funds to this investor group, as […]
Avoca ‘recasts business model’ with €100m hedge fund expansion
Independent – Irish investment giant Avoca Capital has closed a deal to buy a €100m UK hedge fund business from Liontrust Asset Management. The deal sees Avoca taking control of two high-yield bond hedge funds that manage contracts worth €100m. Read […]
Hedge fund manager charged with insider trading in Human Genome Sciences case
Washington Post – In April 2008, a Morgan Stanley hedge fund manager named Joseph F. “Chip” Skowron III allegedly met a consultant to a Rockville biotech company at a hotel bar in Milan and slipped him an envelope containing at […]
FrontPoint Partners’ Skowron Is Charged With Securities Fraud, Obstruction
Bloomberg – Ex-FrontPoint Partners LLC portfolio manager Chip Skowron joined those accused in a U.S. crackdown on insider trading of hedge funds when he was charged with conspiracy, securities fraud and obstruction. Skowron, 41, of Greenwich, Connecticut, surrendered yesterday to agents […]
Steve Cohen bidding for minority stake in New York Mets: report
Bloomberg – Billionaire hedge-fund manager Steven Cohen is bidding for a minority stake in the New York Mets baseball team as it tries to raise about $200 million to cover losses and pay down debt, the Wall Street Journal reported, […]