Monthly Archives: July 2012
Hedge Fund ETF: Take the Edge Off
Investing Daily – Investors are worried that the global economy could soon be headed for another recession, and those fears have once again inspired a “risk-off” mentality in the markets. Anxious investors are increasingly looking for ways to insulate their […]
Hedge Funds Win on Bull Bets Before Biggest Rally: Commodities
Bloomberg – Hedge funds lifted their bullish commodity bets for a third week, just before a European agreement to contain the region’s debt crisis spurred the biggest rally in raw-material prices in three years. Money managers increased their combined net-long positions […]
Hedge Funds Boost Bets Against the Euro
Reuters – Large hedge funds increased their bets against the euro last week as investors viewed the two-day European Union summit in Brussels with skepticism. The funds boosted their short position against euro futures to $20 billion in the latest […]
Controversial Hedge Fund Manager Charged By SEC
New York (HedgeCo.net) – The hedge fund manager who challenged the US wireless broadband connectivity system by launching a cheaper alternative has been under investigation by the SEC for alleged manipulation of bond prices and favoring certain clients over others. The SEC said that Philip […]
Elderly Paraplegic With Dementia And Multiple Sclerosis Victimized In FOREX Hedge Fund Fraud
Forbes – Damn, here we go again. On June 27, 2012, a federal grand jury in Newark, NJ indicted George Sepero, 39, Glen Rock, NJ on one count of wire fraud conspiracy and 16 counts of wire fraud involving for […]
Single Trial for Three Accused in Dell Insider Case: Judge
Reuters – Two former hedge fund portfolio managers and an analyst charged in a $62 million insider trading scheme will go to trial together in October, a U.S. judge ruled on Thursday [June 29]. Lawyers for each of the defendants […]
Singer hedge fund, others in cross-border fight with Mexican industrial elite
Washington Post – On a scorching April morning in Monterrey, Mexico, Enrique Garcia, Vitro’s local plant manager, crosses under a mural that commemorates the 100th anniversary of the company’s first glass factory. He points to brick structures from the original […]
Tudor Said To Open First Macro Hedge Fund In Decade
Bloomberg – Tudor Investment Corp. opened a $500 million hedge fund, its first new fund to bet on macroeconomic trends in a decade, according to four investors briefed on the matter. Founder Paul Tudor Jones won’t be among the 14 […]
FINRA Lost $84 Million in 2011
HedgeWorld – The Financial Industry Regulatory Authority, the U.S. securities industry’s self-funded regulator, lost $84 million last year because of weak industry trading volume and low returns on its investment portfolio. FINRA, whose top five executives received $6.86 million in […]
Barclays chairman Marcus Agius resigns over rate-rigging scandal
Guardian – Marcus Agius has quit as chairman of Barclays, saying he was “truly sorry” for the interest rate-rigging scandal that has dealt a “devastating blow” to the bank’s reputation. But Monday’s resignation did not puncture the political pressure on the bank […]
Bernard Madoff Brother Pleads Guilty in Ponzi Case
Reuters – Bernard Madoff’s younger brother pleaded guilty to criminal charges that he helped advance the multibillion-dollar Ponzi scheme, but denied knowing about the epic, decades-long fraud. With his guilty plea in Manhattan federal court on Friday [June 29], Peter […]
Picard Wins $1 Billion For Madoff Victims
New York (HedgeCo.net) – Irving H. Picard, the Trustee for the SIPA liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”), today announced that he has reached a settlement with more than a dozen domestic and foreign investment funds, their […]