Monthly Archives: May 2012
Hedge fund seeding platform IMQubator launches capital introduction network
Opalesque – IMQubator, Europe’s biggest seeding platform, has launched its innovative Capital Introduction Network. The IMQ Capital Introduction Network is a platform with its members connecting potential investors to the IMQubator funds through independent ‘agents’ – third party and private […]
Hedge Fund Philanthropy: 10th Annual Chicago Open Your Heart to the Children Benefit
New York (HedgeCo.net) – Hedge Funds Care is today holding a silent auction at it’s 2012 Midwest Gala. Prizes include a seven days/Six night vacation for two in the fabulous Oyster Bay Beach Resort in St. Maarten, 4 VIP Tickets to Opening Bell […]
Ex-Societe Generale commodity traders plan discretionary hedge fund for end of 2012
Hedge Funds Review – Former Société Générale commodity traders plan to launch a hedge fund in Q4 to take advantage of an expected increase in investor appetite for commodities. The fund will combine three strategies. Three former Société Générale executives are launching […]
Witness ties ex-P&G board member to NY fund boss
AP – A former board member for Goldman Sachs and Procter & Gamble on trial on insider trading charges and two men and a woman already criminally convicted were on a list of 10 “important people” who could interrupt a […]
President Obama raised most from private equity, hedge funds in 2008
The Hill – President Obama raised far more cash from hedge fund and private equity donors than any other candidate in the 2008 election cycle. According to an analysis by the nonprofit group Open Secrets, Obama took in nearly $3.5 […]
“Mini-Madoff” ordered to pay ex-partners $35 mln
Reuters – The founder of a hedge fund was found on Tuesday to have defrauded his former partners and was ordered to pay them $35 million in a case described by one lawyer as a “mini-Madoff.” James Crombie, a one-time […]
U.S. SEC, FINRA Call For Facebook Review, Pressure Builds
Reuters – Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday’s [May 18] nearly flat close […]
Rajat Gupta: Twin portrayals of ex-Goldman director at his trading trial
Economic Times – “He’s not an insider trader. He never defrauded anybody. He never cheated anybody,” said a lawyer for Rajat K. Gupta, once one of America’s most prominent businessmen. “He doesn’t belong in this courtroom.” Yet there was Gupta, sitting […]
Hedge Funds Circle as Japan’s Asset Bubble Grows
Bloomberg – It’s limbo, Japanese-style: How low can bond yields go without triggering a meltdown? This question gains urgency as 10-year government yields disappear before the world’s eyes. At 0.83 percent, the lowest level since 2003, they hardly compensate investors for […]
Did Hedge Funds Steal The Facebook IPO Pop?
Forbes – Facebook‘s 10% decline today has turned the initial public offering of the century into the bust of the century, but consider this: A decade ago, the company probably would have gone public much earlier, say in May 2009 […]
Hedge funds cut bets to lowest in 2012
Economic Times – Hedge funds reduced wagers on a rally in commodities to the lowest this year on mounting speculation that Greece will leave the euro, slowing global growth and curbing demand for everything from copper to soybeans. Money managers […]
Hedge Funds Rebuild Euro Bear Bets on Greek Exit Banks Weigh
Bloomberg – The euro has weathered the worst financial crisis since the Great Depression, bailouts of Greece, Ireland and Portugal, and falling interest rates. Now, investors are betting like never before that a Greek exit would be too much to […]