Monthly Archives: July 2010
Judge Pares Fraud Case Involving a Political Consultant
NYT – A State Supreme Court judge in Manhattan dismissed 13 charges on Thursday in a criminal case against the political consultant Hank Morris, but ruled that some of the most serious ones could remain. Mr. Morris, a Democratic strategist […]
Madoff Trustee Sues Family Members’ Companies to Get Funds for Investors
Bloomberg – Companies owned by members of Bernard Madoff’s family should pay tens of millions of dollars to help victim’s of his Ponzi scheme, the trustee recovering funds for investors said in three lawsuits. Madoff’s family members used the money […]
From Tiananmen Square to Possible Buffett Successor
WSJ – Twenty-one years ago, Li Lu was a student leader of the Tiananmen Square protests. Now a hedge-fund manager, he is in line to become a successor to Warren Buffett at Berkshire Hathaway Inc. Mr. Li, 44 years old, […]
Forget Jesus and ask the hedge funds
Financial Times – The US stimulus debate features two warring camps. The Obama administration insists that a failure to stimulate will open the door to a double-dip recession. Its foes retort that continued stimulus could scare investors into dumping US […]
Facebook Said to Put Off IPO Until 2012 to Buy Time for Growth
Bloomberg – Facebook Inc. will probably put off its initial public offering until 2012, giving Chief Executive Officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter said. Facebook would benefit from another […]
For Hedge Fund Investors, Does Size Matter?
NYT – More than ever, the biggest investors are entrusting their money disproportionately to the largest hedge funds. They may discover that bigger isn’t always better. The size fetish has meant that the share of industry assets held by firms […]
LinkedIn ‘worth over $2bn’ as hedge fund Tiger takes stake
Independent – LinkedIn, the social network for professionals, is believed to have received investment from a hedge fund that values the site at more than $2bn (£1.3bn). Tiger Global Management paid $20m to buy a 1 per cent share from […]
Research: Secondary Hedge Fund Market Rebounds
New York (HedgeCo.net) – The average price for assets on the secondary hedge fund market rose to 78% after shaking off some of the fallout from May’s European debt crisis, according to Hedgebay’s June Index. Investors’ confidence was shaken by […]
Citi proprietary traders may join its hedge fund
Economic Times – Citigroup may move a team of proprietary traders into its hedge-fund unit, one of at least three alternatives the US bank is studying to comply with the Dodd-Frank Act, people briefed on the matter said. Traders in […]
Angelo, Gordon Wins $100 Million Oregon Investment for Asian Property Fund
Bloomberg – Angelo, Gordon & Co., the manager of $23 billion of investments in fixed income, real estate, buyout and hedge funds, won a $100 million pledge from Oregon’s state pension for an Asian property fund. The Oregon Investment Council, […]
Conn. hedge fund manager pleads guilty to fraud
Fox Business – The manager of a Connecticut hedge fund on Wednesday pleaded guilty to six charges including securities fraud and conspiracy for a scheme federal prosecutors said involved hundreds of millions of dollars and lasted more than a decade. […]
