Monthly Archives: August 2011
New Rothstein lawsuit targets hedge fund families for $40M
South Florida Business Journal – The trustee overseeing the bankruptcy of Ponzi schemer Scott Rothstein’s law firm filed a new lawsuit Monday against executives of three hedge funds that invested in Rothstein’s fraud, and their family members. The suit seeks […]
Latest Trial Set to Begin in Insider Trading Inquiry
DealBook – A former salesman at a Silicon Valley research company is set to go on trial Wednesday on insider trading charges, the latest in the federal government’s sprawling investigation. Federal prosecutors have accused James Fleishman, who worked at Primary […]
Alphonse Fletcher’s Hedge Fund Found “Guaranteeing” 12% Returns, Colloquially
Business Insider – There are new revelations regarding Alphonse “Buddy” Fletcher’s hedge fund Fletcher Asset Management and its claims to investors, according the Wall Street Journal. Pension funds claim that Fletcher promised 12% returns “guaranteed” (the manager says he meant it […]
Invictus Platform Lets Hedge Funds Do Stress Tests on Banks
Advanced Trading – Invictus Consulting Group, LLC announced the launch of a platform designed to allow hedge funds to conduct their own stress tests on banks. The firm said the service will give banks a clear snapshot about whether a […]
Hedge Funds Most Bearish on Stocks Since ’08: Technical Analysis
San Francisco Chronicle – Bearish bets by hedge funds on Standard & Poor’s 500 Index futures increased to the highest level since before the financial crisis three years ago, Bank of America Corp.’s Mary Ann Bartels said. “Readings are a […]
Family offices big on hedge funds: Survey
Investment News – The typical family office invests more than a quarter of its clients’ assets with hedge funds, according to an Infovest21 LLC survey of family offices released today. By comparison, advisers allocate about 1% of their clients’ assets […]
Will Hedge Funds and Private Equity Funds Turn Against Obama in 2012?
Forbes – As the 2012 presidential elections approach on the horizons, questions remain about which way Wall Street will lean. In particular, hedge funds and private equity funds may soon bear a serious grudge against President Obama and his Democratic […]
Sino-Forest’s fall from grace
CNN – Standard & Poor’s and Moody’s both downgraded the company’s rating further into junk territory Monday morning, and S&P completely withdrew its rating on Sino-Forest shortly after announcing the downgrade. The ratings cuts come after Canada’s stock governing body, […]
Tennenbaum Capital Partners Announces Final Close On $530 Million Hedge Fund
New York (HedgeCo.net) – Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. With capital commitments of $530 million from new and existing limited partners, the fund […]