Monthly Archives: May 2009
Boston Globe could file shutdown notice Monday
Reuters – Talks between The Boston Globe and its unions to prevent the U.S. newspaper from shutting down stopped early Monday morning after a midnight deadline passed, and it was unclear when they would resume. An hour after the midnight […]
Is there a bull market around the corner?
Telegraph.co.uk – The stockmarket bulls have been very quiet of late, but that might be about to change. The FTSE100, made of up Britain’s biggest companies closed last week at an 11-week high at 4,243 and some fund managers are […]
Speedo-Wearing Bankers Descend on Perfect Beach
Bloomberg – An Indonesian beach isn’t the first place you’d look for clues about the trajectory of Asia’s economies. Here on the island of Bali, there are myriad ones. They are bankers, many of American and European origin. The financiers […]
Schultheis Says Leave Money in Index Funds, Ignore Wall Street
Bloomberg – Bill Schultheis, amateur mountaineer and investment adviser, says there’s more to life than staring at stock market screens. His new book, “The New Coffehouse Investor,” says the path to success consists of the following: Get a game plan […]
NY fund makeover sneaks under radar
Pensions & Investments – While every move of the New York State Common Retirement Fund is in the spotlight these days, what the bright lights don’t reveal are the dramatic improvements in the fund during the past two years. An […]
Hedge fund profits bloom in tough economic times
The Australian – Australian managed equity-based hedge funds posted their strongest performance in March since the global financial crisis began in late 2007, but underperformed the market overall. Data from Australian Fund Monitors showed that while the Australian equity market […]
Hedge fund rebuts Galvin complaint
Fairfield Greenwich Group, a New York hedge fund that lost $7.2 billion to Bernard Madoff, fired back at Massachusetts Secretary of State William F. Galvin yesterday, saying fraud allegations by Galvin were ‘‘so filled with errors and factual distortions as […]
Bronte Capital exposes rogue Hedge Fund Marketers who Link the Biden family to Hedge Fund Fraud
West Palm Beach (HedgeCo.net) – On the 18 of March, the Australian Hedge Fund & Research team at Bronte Capital began dropping hints regarding an un-named $60 million dollar Ponzi Scheme. In a blog entry named "Curiouser and Curiouser" Bronte […]
Overstock.com Stalking Victim Exposes Creepy Hedge Fund
The press has been agog recently about Paradigm Capital, a fund-of-hedge-funds run by members of Joe Biden’s family, and its apparent connection with a hedge fund shut by the SEC called Ponta Negra. CJR’s Audit column has the full details […]
Beverley Hills hedge fund fraud halted
A hedge fund fraud that involved a pair of funds claiming to hold more than $800 million in assets has been halted, according to the US Securities and Exchange Commission. In a statement, the regulatory body said the two funds […]
In Chrysler Saga, Hedge Funds Cast As Prime Villain
President Obama’s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker’s debt. Hedge funds and investment managers were irate […]
Cranwood Capital Announces Launch of Fixed Income Arbitrage Fund
HedgeCo.Net – Cranwood Capital Management LLC has announced the launch of their new fund, the Cranwood Fixed Income Arbitrage Fund. The fund seeks to generate high, absolute returns by using Treasury futures to arbitrage temporary discrepancies occurring along the U.S. […]