Monthly Archives: May 2012
Commentary: Lance Auer on Implementing Title I of the Dodd-Frank Act
WASHINGTON – In the 2007-2008 financial crisis, financial distress at certain nonbank financial companies contributed to a broad seizing up of financial markets. These nonbank financial companies were not subject to the type of regulation and consolidated supervision applied to bank holding […]
Watchdogs ‘too slow’ to expose Trio fraud
Hume Weekly – The superannuation watchdog’s repeated failure to recognise fraud in Trio Capital – which went on to become Australia’s largest superannuation theft – has been criticised by a parliamentary committee. The committee today announced 14 wide-ranging recommendations aimed […]
Dow Jones Indexes Adds Three Size-Segment Indexes to the Dow Jones LSP Position Sizing Index Family
Dow Jones Indexes, a leading global index provider, today announced the expansion of the Dow Jones LSP Position Sizing Index family to include three new size-segment indexes: — Dow Jones LSP Position Sizing U.S. Large-Cap 250 Index — Dow Jones LSP Position […]
Rajat Gupta trial: The charges and arguments
Business Today – Former Goldman Sachs director Rajat Gupta faces one count of conspiracy to commit securities fraud and five counts of securities fraud. The trial by jury begins in New York on May 21. On March 12, 2007 Gupta […]
Nicola Horlick: From hedge funds to Hollywood
The Independent – Readers of the financial pages will be well aware of Nicola Horlick, the superstar fund manager who landed the nickname “superwoman” as she juggled a high-powered career with raising six children. She appears less regularly in the […]
Hedge Funds, Beware Of Using Your Phones, They Might Be Tapped
Forbes – During the past decade, hedge funds emerged from obscurity as the darlings of Wall Street. The industry’s outsized remuneration attracted the most talented financiers. And the ability to repeatedly earn hefty returns even in down markets allowed the […]
Apple Loses Favor With Hedge Funds SAC Capital, Viking
Bloomberg – SAC Capital Advisors LP and Viking Global Investors LP were among hedge funds that sold a net 6.1 million shares of Apple Inc. (AAPL) last quarter, taking advantage of the 48 percent jump in the iPhone maker’s stock. Hedge funds accounted for […]
Private Equity Invests $144 Billion in 1,702 U.S. Companies in 2011
Washington, D.C. – Private equity firms invested more than $144 billion in 1,702 U.S.-based companies in 2011, according to an analysis released today by the Private Equity Growth Capital Council. The top five states in terms of investment were Texas, […]
Agecroft Partners Hires Hedge Fund Veteran
New York (HedgeCo.net) – Agecroft Partners, a global hedge fund consulting and third party marketing firm, has hired hedge fund veteran Cara Fleckenstein as a Managing Director. Cara brings considerable institutional hedge fund experience to Agecroft Partners.Her experience includes marketing […]
Hedge funds celebrate as Greece pays up
City AM – Opportunistic hedge funds were celebrating the “trade of the century” yesterday as Greek authorities agreed to pay out €435m (£346m) of bonds that were not included in recent haircuts. Owners of euro-denominated Greek bonds have taken a […]
Contractor Is Accused of Stealing $1.2 Million From Hedge Fund by Inflating Costs
NYT – Alex Getelman was still in his 20s when he turned his nascent company into what he called “New York City’s fastest-growing general contracting and construction management firm.” He had a list of blue-chip clients, a plush office on […]