Monthly Archives: May 2009

Barron’s Top 100 Ranking Hedge Funds for 2009

May 19, 2009 : Permalink

Barron’s is out with its annual hedge fund 100 list and we wanted to post up all the media relating to it. Barron’s mentions that hedge fund assets plummeted from $1.9 trillion to $1.4 trillion throughout the course of 2008. […]

Hedge Fund Manager Swiped $44M, Feds Say

May 18, 2009 : Permalink

Courthouse News Service – A Beverly Hills man defrauded his family and friends of $44 million by persuading them to invest in his two nearly worthless hedge funds and spent the money on a Malibu Beach home, Porsches, and poker, […]

Hunt for Madoff money to drag on for years

May 18, 2009 : Permalink

Reuters UK – Five months after Bernard Madoff’s massive fraud was revealed, little of his victims’ money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, […]

SEC lawyers probed for insider trading

May 18, 2009 : Permalink

Reuters – Two U.S. Securities and Exchange Commission enforcement lawyers are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a report by the SEC’s internal watchdog said. The Federal Bureau of Investigation and U.S. […]

GLG Partners Sells $214 Million Of Notes

May 18, 2009 : Permalink

West Palm Beach (HedgeCo.Net) – Hedge fund GLG Partners has completed its private offering of $214 million aggregate of dollar-denominated convertible subordinated notes due 2014. The notes bear interest at a rate of 5.00% per year and rank junior in […]

2 face Macon hearing on fraud charges

May 18, 2009 : Permalink

Macon Telegraph – In Macon, 56-year-old Gary Sheldon Hutcheson and 52-year-old Saundra McKinney Pyles are expected to enter pleas Monday on charges of defrauding more than four dozen investors out of $2.11 million. The list of victims include well-known names […]

Properties Searched in UK/Cayman Hedge Fund Investigation

May 18, 2009 : Permalink

West Palm Beach (HedgeCo.net) – The UK Serious Fraud Office, (SFO) Friday conducted searches on two residential properties (one in Kent, the other in Surrey) assisted by the City of London Police, in connection with its investigation into an alleged […]

Why Isn’t There A Hedge Fund Bailout?

May 18, 2009 : Permalink

Atlantic Online – For all the talk these last few years about the risks to investors of "secretive, unregulated" hedge funds, they certainly haven’t turned out to be the big problem, have they? Thousands of hedge funds lost, in the […]

A Hedge Fund Manager’s Farewell

May 18, 2009 : Permalink

New York Times – Two weeks from now, a seven-year-old hedge fund called Alson Capital Partners will return around $800 million to its investors, and shut its doors for good. The fund was founded and managed by Neil Barsky, 51, […]

Hedge Fund Backed Korean-American for Boston Mayor?

May 18, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Hedge fund and non-local donors are behind political activist Sam Yoon, candidate for mayor of Boston, according to the Boston Globe. South Korea born, Yoon is already among the most prominent Korean-Americans in elected office, […]

Barakett sold most of fund’s U.S. stocks as markets declined

May 18, 2009 : Permalink

Tehran Times – Atticus Capital LP sold 23 of the 25 U.S.-listed stocks it owned in the first quarter as the New York-based hedge-fund firm run by Timothy Barakett put more money into cash while equity markets fell. Atticus sold […]

Credit Suisse/Tremont Hedge Fund Index White Paper Review

May 15, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Convertible Arbitrage: Shifting Gears (more found here at HedgeCo/blogs) discusses the strategy’s ability to generate positive returns both during the declines in equity markets in January and February, as well as during the global market […]