Monthly Archives: September 2013
Five years after Lehman, Americans still angry at Wall Street: Reuters/Ipsos poll
Reuters – A few years ago, Larry Summers, then the director of President Barack Obama’s National Economic Council, held a private meeting with some of Wall Street’s top bankers and executives. Although the worst of the financial crisis was over […]
China Allows Six Foreign Hedge Funds To Set Up Shop
ValueWalk – China has given six foreign hedge funds the right to raise funds in yuan to invest overseas, a strong move towards opening the country’s economy and internationalizing its currency, writes Amy Li for The Wall Street Journal. The funds […]
Fredrick Scott Pleads Guilty to Using Manhattan-Based Hedge Fund Firm to Steal More Than $1 Million
New York (HedgeCo.Net) – Hedge fund founder and adviser Fredrick Douglas Scott, one of Ebony magazine’s “Top 30 under 30,” has pleaded guilty to engaging in a wire fraud conspiracy to steal over $1 million from investors and lying to officials from […]
PhillyDeals: ‘A real mistake’ on Pa. workers’ retirement plan
Philly.com – If you want to watch people gamble their own money, head to the casino. To watch people bet your money, go see a monthly board meeting of the $25 billion Pennsylvania State Employees’ Retirement System (SERS), where the […]
Surz introduces the world to Mr. Hedge in fourth film
P&I – It’s a bit early to be thinking about the Oscars, but investment analytics consultant PPCA Inc. has already self-nominated its animated short feature “Send in the Clones” for the Best Revelation award. First, queue up the five-minute movie below. […]
S&P Capital IQ Partners with Arista Networks to Further Enhance its Direct Market Access Technology
S&P Capital IQ Real-Time Solutions, the global provider of innovative market data services, and trading and infrastructure solutions has partnered with Arista Networks. The collaboration with Arista, leaders in software defined cloud networking solutions, will provide S&P Capital IQ Real-Time […]
Scene Last Night: Hedge Fund Rooftop Party, Cufflink Man
Bloomberg – There’s a place for hedge-fund professionals where everyone knows your name, and it’s not the offices of the Securities and Exchange Commission. Adam Weinstein, a managing director at New Mountain Capital LLC, David Cielusniak, chief operating officer of […]
Hedge Funds Are Among the Winners of the Lehman Spoils
Yahoo – Lehman Brothers Holdings Inc.’s historic bankruptcy burned the once-highflying securities firm’s investors, employees and many others. But five years later, a group of hedge funds has found a way to profit handsomely from it. In the past 18 […]
People Moves: Prominent Hedge Fund Attorney Joins NY’s Murphy & McGonigle
New York (HedgeCo.Net) – Former director at Merrill Lynch and Senior Counsel in the Division of Enforcement at the SEC, Lindi Beaudreault, has joined Murphy & McGonigle as a partner in its New York office. “We have known Lindi for many years and […]
Who Hedge Fund Managers Backed In The NYC Mayoral Primary
New York (HedgeCo.Net) – Prominent NYC hedge fund managers came up empty in the NYC Democratic mayoral primary, Absolute Return reported today. Dan Loeb (Third Point), Robert Ziff (Och-Ziff) and Peter McKown (Prince Street) were among those giving big to […]
Banks Allying With Hedge Funds as Capital Rules Bite
BusinessWeek – Breezing into a sunlit conference room near London’s Hyde Park Corner wearing an open-collared white shirt that frames his square jaw, Loic Fery exudes the confidence of a soccer club owner who’s enjoyed success on the pitch and […]
There is still opportunity in mortgages: Top hedge fund
CNBC – Deepak Narula, who runs a group of real estate hedge funds, told CNBC on Thursday that there is still “plenty to do” in the mortgage market, despite rising rates and an impending taper of the Federal Reserve’s asset […]