Monthly Archives: April 2010
Time to start betting on hedge funds again?
Globe And Mail – Do hedge funds need a new name? Hedging is a way of reducing risk, but many hedge funds proved to be hyper-risky after the experience of 2008. We use the term hedge fund all the time […]
Sadis & Goldberg Congratulates SkyBridge Capital on Purchase of Citigroup’s Hedge Fund Business
New York (HedgeCo.net) – When SkyBridge Capital announced the purchase of Citigroup’s Hedge Fund Business on April 14, Paul Fasciano, who headed up the acquisition team from Sadis & Goldberg, stated. “We are pleased that SkyBridge selected us to represent […]
Lehman subpoenas hedge funds Greenlight, SAC
Reuters – Lehman Brothers Holdings Inc wants to investigate David Einhorn’s Greenlight Capital, Steven Cohen’s SAC Capital Advisors and other hedge funds over whether they took improper actions that damaged Lehman’s business ahead of its collapse, court documents show. On […]
FBI: “Hedge Fund Hotel” Manager Arrested For $1.6 Million Fraud
New York (HedgeCo.net) – Hedge fund manager and owner and President of New York Financial Company (NYFC), was arrested in an FBI operation on allegations of wire and hedge fund fraud in an alleged $1.6 million investment fraud scheme, according […]
People Moves: UK Hedge Fund Provider Beefs Up Tax Offering
New York (HedgeCo.net) – Throgmorton, one of the UK’s largest specialist accountancy and professional services providers to the hedge fund, private equity and corporate finance industries, has added two senior tax industry practitioners to its growing team. The company also […]
Goldman Case Won’t Prompt Hedge Fund Gold Sales, Superfund Says
BusinessWeek – A fraud suit by U.S. regulators against Goldman Sachs Group Inc. is unlikely to send hedge funds scrambling to reduce gold holdings, according to Superfund Financial Singapore Pte. Any retreat in prices will present investors, especially central banks, […]
Centaur Group Launches Sports Betting Hedge Fund
New York (HedgeCo.net) – Hedge fund Centaur Group has launched the Centaur Galileo fund in London, investing in football (soccer), tennis and horse racing, The Los Angeles Times reported on Sunday. The hedge fund claims to have a number-crunching betting […]
Investor Who Made Billions Is Not Target of S.E.C.
NYT – Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street, The New York Times’s Gretchen Morgenson and Louise Story report. Eager to […]
Deutsche Bank Shares Pressured By Goldman, Real Estate Funds
WSJ – Shares of Germany’s Deutsche Bank AG (DB) remained pressured Monday, as fears of new woes for investment banks hit the market after fraud allegations were raised in the U.S. against Goldman Sachs (GS). “The market is likely to […]
How the Goldman Case Sheds Light on Hedge Funds
Time – In late 2008, when five top hedge-fund managers testified before Congress at the height of the financial crisis, the result was, by the standards of receptions Wall Streeters and auto executives were getting in Washington at the time, […]
SEC Probes Other Soured Deals
WSJ – The Securities and Exchange Commission, after having hit Goldman Sachs Group Inc. with a civil fraud charge, is investigating whether other mortgage deals arranged by some of Wall Street’s biggest firms may have crossed the line into misleading […]
Hilltop launches London-based FoHFs business and All Weather Fund
Opalesque – Independent fund management firm, Hilltop Fund Management (“Hilltop”), today announced the launch of its London-based business and its alternative fund of hedge funds approach. The All Weather Fund, managed by Rory Hills, is a fund of hedge funds […]