Monthly Archives: July 2015
Hedge Fund Worker Jailed For Copying Code
(Financial Times) A London hedge fund analyst who admitted to accessing and copying “extremely valuable” computer code used in trading algorithms has been sentenced to four years in the klink for fraud. Ke Xu, a Chinese national, had been accused […]
Hedge Funds Like These Stocks For The Rest Of The Year
(Yahoo) Many individual investors are feeling less confident in light of uncertainties in Greece and China. But the smartest of the “smart money” — hedge funds — are weeding out the noise and making their picks. “Hedge funds in general […]
Warren Buffett Unleashes Another $2.8 Billion Donation
(Forbes) In what has become an annual summer tradition, Warren Buffett has once again donated a breathtaking sum of money to charity. This year: more than $2.8 billion. Buffett announced the gift of 20.64 million Berkshire Hathaway class b shares […]
RCA Panel Highlights Conflict Of Interest Affecting Fund Managers
(Hedge Fund Law Report) Regulators and investors have placed increased emphasis on the management of conflicts of interest by hedge fund managers. Fund managers must ensure conflicts are identified, mitigated and properly disclosed. In addition, fund managers must establish a […]
Wealth Managers Are Facing New Challenges
New York (HedgeCo.Net) One of the iconic lines from the movie Moneyball comes when Billy Beane (Brad Pitt) is being confronted by old-school scout Grady Fuson (Ken Medlock). Fuson is unhappy that the Oakland A’s are taking a new approach […]
Manager Profile and Insights: Adam Savin and Jeffrey Roney, Maxwell Thacher
New York (HedgeCo.Net) Maxwell Thacher was founded in early 2014 by Jeffrey Roney and Adam Savin who serve as the firm’s general partners and acting co-portfolio managers. The firm currently manages over $100 million in assets through two investment vehicles, […]
Not All Chinese Stocks Are Rallying
New York (HedgeCo.Net)The Chinese stock market has been all the rage for several months now and with good reason. Over the last year, the Shanghai Composite Index (SSEC) is up almost 150% over the last 12 months. This information is […]
Top Connecticut Hedge Fund Hits $180 Billion Mark:
(Hedgetracker.com)The rankings for the Top Connecticut Hedge Funds have been released, revealing that the top 50 hedge funds oversee a combined $183 billion in equity assets. Overall, the hedge funds on the list saw their assets increase by $6.3 billion, […]
A New York Judge Tosses Conviction of Ex-Goldman Programmer
(Reuters) A New York judge has thrown out the conviction of former Goldman Sachs Group Inc (GS.N) programmer Sergey Aleynikov, saying prosecutors failed to prove that he broke an “obscure” law by copying some of the bank’s high-frequency trading code. […]
Greek Finance Ministry Quits to Smooth Talks After Thunderous “No.”
(Reuters) Greece’s outspoken finance minister resigned on Monday, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Leftist Prime […]
Hedge Funds That Called Treasuries Wrong Now Getting It Right
(Bloomberg) Hedge funds, which proved to be experts on getting the Treasury market wrong earlier this year, are becoming better at getting it right. Large speculators including hedge funds trimmed their short positions in 10-year notes to almost zero last […]
Financial Advisors At Wirehouses Slowly Increasing Alternative Allocations
New York (HedgeCo.Net) – It may be at a snail’s pace, but the latest data suggests that financial advisors at wirehouse firms are slowly increasing their client allocations to alternative investments. In a report from the Money Management Institute and […]