Monthly Archives: September 2012
SEC Charges Oregon-based Hedge Fund Manager with Running $37m Ponzi Scheme
InAudit – The Securities and Exchange Commission filed fraud charges against a Portland, Oregon-based investment adviser who perpetrated a long-running Ponzi scheme that raised over $37 million from more than 100 investors in the Pacific Northwest and across the country. […]
Swiss hedge funds welcome changes to fund rules in line with EU legislation
Hedge Funds Review – Amendments to the Swiss rules for funds will bring the market into line with the EU’s AIFM directive which comes into force in July 2013. The revision includes changes to licensing and distribution. The Swiss hedge funds […]
Japan Teachers Fund to Start REIT and Hedge Fund Investments
Bloomberg – Japan’s Teachers’ Mutual Aid Co- operative Society, with about 600 billion yen ($7.6 billion), will start investing in real estate investment trusts and hedge funds as it seeks to diversify risks and boost returns. The pension fund plans […]
Hedge fund swindler Mobley of Stadium Naples era could be returned to prison
Naples News – Thirteen months after convicted hedge fund swindler David Mobley Sr. was released from federal prison, he’s facing a possible return for not paying a dime of his $77.3 million restitution to investors. The 56-year-old Naples man was […]
Hedge Fund Industry Association Appoints Former SEC Commissioner As Chairman
New York (HedgeCo.Net) – Global hedge fund industry association, The Alternative Investment Management Association (AIMA), has announced the appointment of a new non-Executive Chairman, Kathleen Casey, the former Securities and Exchange Commissioner and SEC representative to the International Organization of Securities […]
SEC files charges against failed hedge fund
Portland Business Journal – The Securities and Exchange Commission on Thursday filed civil lawsuits against several parties connected to the collapse of a Portland hedge fund. The SEC filed three individual lawsuits, targeting Yusaf Jawed and the failed hedge fund Griphon Asset Management LLC as […]
Hedge Funds Leader, Credit Card Rule, Trading Review: Compliance
BusinessWeek – The world’s largest hedge-fund advocacy group has named a former U.S. Securities and Exchange Commission official its chairman as the $2.1 trillion industry grapples with increased regulation. Kathleen Casey, who stepped down as a Republican SEC commissioner last […]
Hedge Fund King Ray Dalio On The Economic Downturn, QE3, And The Future Of The Dollar
Business Insider – It isn’t every day that Ray Dalio opens up to the world and speaks. Dalio is widely considered the most powerful hedge fund manager in the world. And from his secretive firm, Bridgewater, in Connecticut, he does […]
Hong Kong start-ups lift Asia hedge fund industry – survey
Reuters – Asia-focused hedge funds slightly increased the value of the assets they manage to $144 billion in the first half of the year, helped by a few large start-ups in Hong Kong even as the industry in Singapore and […]
Hedge fund managers unaware of potential pitfalls of hedged currency classes
Hedge Funds Review – Investors increasingly want hedged share classes to mitigate currency risk. However, there is little knowledge in the market about the challenges of offering them, warns legal firm Appleby. Hedged currency classes are becoming more popular as currency […]
Seven Years Of Smoke And Mirrors In $1 Million Hedge Fund Scam
Forbes – From April 2005 through November 2006, Michael Katz, Christopher Fardella and two other individuals were partners in a pretty impressive sounding Florida-based hedge fund: KMFG International, LLC. Katz was the Portfolio Manager and Fardella the Treasure. For starters, […]