Monthly Archives: July 2011
Brazil Hedge Funds Double Bets Against Pao de Acucar-Carrefour Merger
Bloomberg – Brazilian hedge funds doubled bets that shares of retailer Cia. Brasileira de Distribuicao Grupo Pao de Acucar will decline on speculation a proposed merger with Carrefour SA (CA)’s unit in Brazilmay fail to win approval. Pao de Acucar stocks on loan, […]
UCITS Hedge Fund Index Down In June
New York (HedgeCo.net) – The UCITS Alternative Blue Chip Index is up 6 bp this week, ending the month down -1.10%. The Commodities bucket had yet another bad weekly performance (-2.89%) following last week’s drawdown of -4.89%. Emerging Market and […]
People Moves – Revere Capital Advisors Appoints John Mackin
New York and London-based hedge fund manager Revere Capital Advisors has appointed John Mackin as its Global Head of Marketing and Business Development. Macklin will lead a four member global team seeking to build relationships with investors that share a […]
Hedge Fund Moves: Barclays Wealth Hires Six Investment Representatives
New York (HedgeCo.net) – Barclays Wealth, a leading global wealth manager by assets under management, is pleased to announce the addition of six Investment Representatives in its Boston, New York and Washington, D.C. offices. “We are pleased to welcome these […]
Rajaratnam’s Sentencing Rescheduled for Sept. 27, Judge Says
San Francisco Chronicle – Raj Rajaratnam’s sentencing on insider-trading charges was rescheduled to Sept. 27 from July by a federal judge in New York. Rajaratnam, 54, the co-founder of Galleon Group LLC, is at the center of one of the […]
Ex-Lawyer Cutillo Gets 30 Months in Prison in Galleon Insider-Trading Case
Bloomberg – Arthur Cutillo, a former Ropes & Gray LLP lawyer who pleaded guilty in the Galleon Group LLC insider-trading case, was sentenced to 2 1/2 years in prison. U.S. District Judge Richard Sullivan in New York imposed the sentence today […]
Former Expert-Network Consultant Pleads Guilty in Insider Probe
WSJ – A former consultant ensnared in a sprawling insider-trading investigation of “expert-network” firms pleaded guilty to criminal charges on Thursday. Mark Anthony Longoria, formerly a supply chain manager for Advanced Micro Devices Inc., admitted to providing inside information to […]
Hedge fund emissaries to get an audience with Gov. Malloy
GreenwichTime – Several major players in the hedge fund world — an industry said by insiders to be developing a chip on its shoulder in terms of its importance to the economic fortunes of Connecticut — are expected to get […]
Libyan Managers Sought to Cut Losing Hedge Fund Holdings, Document Shows
Bloomberg – Libya’s $64 billion sovereign wealth fund sought to cut holdings in hedge funds after losing on investments including bets with Millennium Global Investments Ltd., according to a document distributed by U.K. human-rights group Global Witness. The Libyan Investment […]
Demystifying Clouds for Application Hosting
By Bob Guilbert, Managing Director, Eze Castle Integration The Cloud is everywhere, it seems. Google has a cloud. Amazon has one. Not surprisingly, Apple unveiled its iCloud last month. The ability to host and store data, applications and other infrastructures […]
Guilty Plea From Hedge Fund Manager In University Ponzi Scheme
New York (HedgeCo.net) – Former hedge fund manager Paul R. Greenwood pled guilty to criminal charges involving a Ponzi-esque scam in which he is alleged to have cheated millions from four university endowments. The Chronicle For Higher Education reports that […]
