Monthly Archives: July 2013
Preet Bharara: Bayou Hedge Fund Victims Awarded Over $31 Million
New York (HedgeCo.Net) – The Southern District of New York has awarded $31,788,917.44 in proceeds from forfeited assets to victims of the fraud committed at the Bayou hedge funds. The forfeited assets include approximately $2 million seized from a bank […]
Hedge Fund Launch: China Equity Fund For U.S. Investors
New York (HedgeCo.Net) – Neuberger Berman, the $214 billion money manager, is launching a China equity fund for U.S. investors. The Neuberger Berman Greater China Equity Fund is a mutual fund for U.S. investors investing primarily in equity securities of issuers based […]
Commodity hedge funds suffer longest losing streak on record
Reuters – Funds betting on commodity price moves have lost money every month since January, their joint longest losing streak on record, raising more doubts about their ability to make money at a time when the commodity “supercycle” may be […]
Former Soros Employee Starts Hong Kong-Based Hedge Fund Company
Bloomberg – Zhang Xinliang, a former employee of billionaire investor George Soros’s family office, started his own Hong Kong-based hedge-fund company, Magnolia Capital Management Ltd. Magnolia was licensed by the city’s Securities and Futures Commission on April 18, according to information […]
Bruised FX hedge funds tiptoe back into bets on weaker yen
Reuters – Hit by a whipsawing yen in the last two months, many FX hedge funds are still determined to bet the Bank of Japan will succeed in weakening the currency over time while the dollar climbs as the Federal […]
Hedge fund managers hesitate over forthcoming AIFMD regulations
AT – Preqin, the supplier of data and intelligence to the alternative investment industry, has found in a recent survey of 220 hedge fund managers, that there is still uncertainty surrounding the Alternative Investment Fund Managers Directive (AIFMD) among many managers, with […]
High Mortgage Rates? Hedge Fund Legend Still Says ‘Buy a Home’
Wall Street Cheat Sheet – With a heavy amount of intervention from the Federal Reserve, the real estate market has rebounded from its worst levels during the Great Recession. Some Americans are worried about rising interest rates and affordability, but […]
Rajat Gupta Fined $13.9 Million In Hedge Fund Insider Trading Conviction
New York (HedgeCo.Net) – Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, has been fined $13.9 million to settle related civil charges of feeding inside information to his friends. He was accused of conspiracy and securities […]
Tourre Trial Hears Witnesses For The Prosecution
New York (HedgeCo.Net) – The SEC in 2010 filed securities fraud charges against Goldman, Sachs & Co. and an employee, Fabrice Tourre, for making material misstatements and omissions in regards to a CDO that contributed to the financial crisis by […]
Blackstone’s Hedge Fund Solutions Business to Launch Alternative Mutual Fund
New York (HedgeCo.Net) – Hedge fund investor and alternatives giant Blackstone is launching a fund that will allow retail clients access to hedge funds. Blackstone Alternative Asset Management (BAAM) is launching the Blackstone Alternative Multi-Manager Fund, its first alternative investment-focused mutual fund […]
NY Times College Sex Story Inspires Hedge Fund Manager To Offer Biting Dating Advice
Gothamist – We live in a world of consequences: if enough people can’t stop talking about Sharknado on Twitter, we get Sharknado 2: NYC Boogaloo immediately greenlit. And if the NY Times is going to continue to publish 4,800 word […]
Hedge Fund Titans Share Their “New Best Idea” For Investing
BuzzFeed – Australian trains, European autos, U.S. drugs, and Japanese robots. That’s what some of the hedge fund industry’s heaviest hitters offered up as their new big ideas at the CNBC/Institutional Investor “Delivering Alpha” conference Wednesday at the Pierre hotel […]