Monthly Archives: July 2013
Sebi fixes borrowing limits for hedge funds
Economic Times – The Securities and Exchange Board of India (Sebi) on Monday allowed local hedge funds to borrow up to twice the fund’s net asset value, but lawyers say the move is restrictive compared with developed markets where leverage […]
Big Hedge Funds to Swoop on Start-Up Talent
MoneyBeat – Some of the world’s biggest hedge funds, including Marshall Wace, Millennium Management, CQS and BlueCrest Capital Management, are among firms that are capitalizing on a difficult environment for start-ups, hiring potential managers who might once have considered setting […]
Raimondo Got Donation from Hedge Fund Indicted for Fraud
Go Local – General Treasurer Gina Raimondo received a donation from a manager at a hedge fund that has been indicted for insider trading, along with several donations from the law firm now defending that fund against a five-count federal […]
CEO Has No Sympathy for Hedge Fund Indicted for Insider Trading
Atlantic Wire – One of the financial industry’s most successful firms is under the gun for alleged insider trading, and some of their rivals and enemies could not be more thrilled about it. So much so that one took out […]
Hedge Fund’s Suit on Fannie and Freddie May Spell Trouble for U.S.
Dealbook – The lawsuit brought by the hedge fund Perry Capital against the federal government over the Fannie Mae and Freddie Mac bailout may be the case that finally subjects the government’s bailout practices to closer outside scrutiny. The Fannie […]
GLG launches Total Return fund
Money Observer – Hedge fund firm GLG Partners has launched a ‘value driven’ Total Return fund for investors. The UK-domiciled Ucits fund will invest across a range of liquid asset classes, including equities, foreign exchange, sovereign bonds, currencies, credit, rates and commodities. […]
Is The SAC Indictment The First Shot in a War Against Outsize Hedge Funds?
New York (HedgeCo.Net) – Steve Cohen is getting squeezed from both ends. A federal grand jury just handed down a criminal indictment against Cohen’s hedge fund SAC Capital – on counts of wire fraud and securities fraud conspiracy. This follows […]
Pennsylvania Hedge Fund Manager Pleads Guilty
New York (HedgeCo.Net) – Pennsylvania hedge fund manager Lloyd Barringer pled guilty over the weekend to four counts of fraud: securities fraud, conspiracy to commit securities fraud, mail fraud, and conspiracy to commit mail fraud. The charges stem from his […]
Hedge Funds Raise Gold Bets as Goldman Sees Decline: Commodities
Bloomberg – Hedge funds raised wagers on a gold rally as speculation that the Federal Reserve will hold off on curbing stimulus drove prices toward the biggest gain in 18 months. Goldman Sachs Group Inc. expects the rally to reverse. […]
Herbalife surge costing hedge fund mogul $200 million
NY Post – Hedge fund mogul Bill Ackman likes to say short selling causes “brain damage” — and his $1 billion short on Herbalife is proving a case in point. Herbalife shares have surged in the past two weeks, pushing […]
When dealing with money, check hedge fund’s back office
Money – The lure of high returns that aren’t correlated to other markets has led to an explosion of global hedge fund money, to more than US$2 trillion. Unfortunately, “explosion” also describes a number of hedge funds that literally blew […]
Hedge fund star Narula’s main fund off 10.4 percent in second-quarter
Reuters – Deepak Narula’s main hedge fund, of one last year’s best performers, fell 10.4 percent in the second quarter, its deepest quarterly loss ever, pummeled by fears that interest rates would rise, Narula said in a letter to investors. […]