Monthly Archives: September 2012
Hedge fund manager surrenders expensive watches, fancy cars, airplane and backpack of cash
Al.com – A federal judge last week issued a final forfeiture order against a Tampa, Fla., man who pleaded guilty to defrauding investors from the Mobile area and elsewhere through a hedge fund that he managed. The $2.34 million judgment […]
Wiretaps: Rajaratnam’s Hedge Fund Insider Trading Appeal Set For October 25
New York (HedgeCo.Net) – A panel of three judge from the federal appeals court is scheduled to hear arguments from hedge fund founder Raj Rajaratnam in a bid to overturn his insider trading conviction. Rajaratnam is pleading on the grounds that the […]
UK parliament renews pressure on Barclays tax avoidance
Risk.net – The UK parliament’s Treasury Select Committee has renewed its pressure on Barclays by releasing letters describing a failed tax avoidance scheme in 2011. Committee chairman Andrew Tyrie noted that much of Barclays’ explanation to the committee for the scheme – […]
Treasury to cut AIG stake below half in $18B sale
AP – The U.S. government is selling more of its shares in insurer American International Group Inc., in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008. […]
Hedge fund’s risky ties to Revel casino shine light on N.J.’s investing habits
NJ.com – Gov. Chris Christie isn’t the only one betting on Revel. A hedge fund that manages $200 million in New Jersey public pension money also has a financial stake in Revel, Atlantic City’s newest and sleekest casino hotel, a […]
Hedge Fund Tech Provider Launches AlternativeSoft 3.0
Press Release – AlternativeSoft, the leading provider of world class analytics for manager research and portfolio construction in the alternative and long only markets, announced its new major software release for 2012, AlternativeSoft 3.0. The firm who is renowned for […]
Hedge funds shun risk-taking practice, as do their investors
Investment Europe – The stereotype of a hedge fund manager is of a gambler on markets, a high risk taker. At the moment, however, the reality is flying in the face of that archetype. Then you read industry biographies of […]
Hedge Funds Lifted Wagers to 16-Month High Before Rally
BusinessWeek -Hedge funds raised bullish commodity bets to the highest in 16 months before speculation that policy makers in the U.S., China and Europe will revive global growth pushed prices higher for a sixth week. Money managers increased their net-long […]
UCITS Hedge Fund Strategy Index up +0.39% in August 2012
New York (HedgeCo.Net) – After four consecutive negative months, the UCITS Hedge Fund Strategy (HFS) Index posted a gain of +0.39% for August 2012. A few days into the month the UCITS HFS Index started to gain momentum and cumulated gains of +0.44% […]
TIME “Most Influential Person” Dambisa Moyo to Address 2013 Mining Indaba
Hedge fund philanthropist and author Dr. Dambisa Moyo will be delivering a speech at the 19th edition of the Investing in African Mining Indaba on 4-7 February 2013 in Cape Town, South Africa. Dr. Moyo was named by TIME Magazine as one of the […]
Reinsurance Hedge Funds Flourish Amid Flexible Regulations
ValueWalk – New York Times published an article on September 4th that observes how risky trades are flourishing in hedge funds, amid flexible regulations. In places like Bermuda and the Cayman Islands, hedge funds can generate millions in permanent capital […]