Monthly Archives: September 2012
Hedge Fund Manager Fined $2 million for Insider Trading
New York (HedgCo.Net) – Hedge fund firm Clay Capital Management has been convicted by a district court in New Jersey. It’s former Chief Investment Officer James Turner has been found guilty for his role in an insider trading scheme involving the […]
Hedge fund manager Einhorn scores 4.2 percent gain August
Reuters – Hedge fund manager David Einhorn had plenty to brag about on Tuesday after his Greenlight Capital gained 4.2 percent in August, thanks largely to a double-digit jump in Coventry Health Care’s stock price. Einhorn’s Greenlight Capital informed investors […]
Hedge Funds Turn Bearish on Previous Quarter’s Most Overweight Sector
Alpha Clone – Established hedge fund managers tracked by the AlphaClone Hedge Fund Long/Short Index distanced themselves from financial sector investments in the second quarter, representing a steep reversal from the previous quarter in which financials were the index’s most overweight sector […]
Scarsdale woman sues hedge-fund executive husband, alleging he hid assets from her
The Journal – The estranged wife of a hedge fund executive is suing her husband in federal court after she says he hid assets from her in the Cayman Islands and engaged in a wide-ranging fraud to destroy a financial […]
With Lax Regulation, a Risky Industry Flourishes Offshore
NYT – The hedge fund industry has been rushing headlong to open Bermuda-based reinsurers. Reinsurance, already something of a murky business, may become even more complicated as a result. And while the hedge funds are likely to profit, the question […]
SEC Charges California Man for Illegal Tips to Hedge Fund Manager
Latin America – The Securities and Exchange Commission charged on Tuesday a California man with illegally tipping a hedge fund manager with inside information about Nvidia Corporation’s quarterly earnings that he learned from his friend who worked at the company. […]
Hedge Fund Man, Nomura Launch Computer Driven Fund
New York (HedgeCo.Net) – Hedge fund manager Man Group has teamed up with investment bank Nomura to launch a computer-driven fund, The Nomura Man Systematic Fixed Income fund. The fund uses algorithms from Man’s $16.7 billion flagship fund AHL, it will trade […]
New hedge fund offers crossover appeal to both green and Islamic investors
Opalesque Asia – Communications and consultancy firm Sustainable Options Ltd has announced the launch of the Sustainable Resources Fund, an open ended hedge fund that offers appeal to both green and Islamic investors. The fund aims to raise $100m for […]
Troubled hedge fund Pentagon to fight SEC’s $100m fine
Telegraph – A contemporary of David Cameron’s at Oxford University, Mr Chester took the dramatic step after his hedge fund, Pentagon Capital Management, was fined $98.5m earlier this year for allegedly engaging in late trading in mutual funds between 1999 […]
US- Hedge funds prepare for another oil spike
MENAFN – Hedge funds and other money managers have started to ready themselves for another big spike in oil prices in the next few months, according to positioning data from the US Commodity Futures Trading Commission (CFTC). By Aug. 28, […]