Monthly Archives: August 2012
Barclays appoints Antony Jenkins as new chief executive
Guardian – Barclays has appointed its head of retail and business banking Antony Jenkins as chief executive to replace Bob Diamond, who was forced out by the Libor fixing scandal. The new chief executive, who comes from the “safer” retail side of […]
Nadel’s Hedge Fund Ponzi Scheme Victims Receive $25 Million Settlement
New York (HedgeCo.Net) – A case that has been pending for over three years, S.E.C. v. Arthur Nadel, has been somewhat resolved. Lead attorney at Wiand Guerra King P.L., Burton Wiand, who was appointed receiver for various entities associated with Arthur Nadel’s Ponzi scheme, […]
SEC Announces Agenda for Roundtable on Technology Glitches
Reuters – U.S. securities regulators released on Wednesday [Aug. 29] an agenda for a roundtable to discuss ways to promote market stability after a recent series of technology glitches put another dent in investor confidence. The Securities and Exchange Commission […]
New Charges Filed in Hedge Fund Insider Trading Case
Courthouse News Services – Hedge fund managers Anthony Chiasson and Todd Newman, and analyst Jon Horvath made millions trading on inside information about Dell and Nvidia, federal prosecutors claim in a revised indictment. Prosecutors say Horvath and other analysts passed […]
San Antonio Fire & Police pension fund puts $50 million in hedge funds
Pensions & Investments – San Antonio Fire & Police Pension Fund committed $10 million each to five hedge fund managers, according to recently released minutes of the July 31 board meeting. The $2.2 billion pension fund committed to Indus Pacific […]
AMR says hedge funds may provide equity financing
Reuters – The parent of American Airlines said on Wednesday a group of hedge funds was interested in providing equity financing to help it emerge from bankruptcy, with Dow Jones reporting the funds could contribute up to $2 billion. AMR […]
Bank Said To Tell Clients Paulson More Aggressive
Bloomberg – John Paulson, the billionaire hedge- fund manager coming off record losses in 2011, is a more aggressive risk-taker than his peers, Spencer Boggess, Bank of America Corp.’s director of hedge-fund investments, told clients invested with Paulson. Boggess made […]
SEC charges former Sky Bell hedge fund manager Gary Marks for misrepresentations
Opalesque Asia – The U.S. financial watchdog on Monday filed a settled civil action before the United States District Court for the Northern District of California against hedge fund manager Gary R. Marks for alleged misrepresentations in selling and recommending […]
U.S. Files New Charges in Hedge Fund Insider Trading
Nasdaq – Federal prosecutors filed new charges Tuesday against employees at three hedge funds accused of making improper trades on inside information. The new charges relate to short sales of NVIDIA Corp. stock in April and May 2009. Those charged Tuesday […]
Hedge-Fund Marketing Could Begin New Era As SEC Set For Proposal
Bloomberg – Hedge funds may go from soliciting individual investors behind closed doors to conducting wide advertising campaigns under a rule set for proposal today by the U.S. Securities and Exchange Commission. SEC commissioners will decide whether to invite public […]
Study: Hedge Fund Assets Rise in First Half of 2012
New York (HedgeCo.Net) – Single-manager hedge funds, which include commodities trading advisors, withstood market swings, macroeconomic uncertainties and regulatory reforms in the first half of 2012, increasing their reported assets under management by 5.23% to $1.892 trillion, according to a study […]
Rajat Gupta’s sentencing preponed by a day to Oct 17
The Hindu Business Line – The sentencing of former Indian-American Goldman Sachs director Rajat Gupta, convicted of passing confidential market information to Galleon hedge fund founder Raj Rajaratnam in one of America’s biggest insider trading cases, has been preponed by […]