Monthly Archives: September 2012
Hedge Fund Bulls Push U.S. Gasoline to Labor Day Record
BusinessWeek – Hedge funds raised bullish bets on gasoline to more than a three-month high, helping push prices at the pump to record levels for the U.S. Labor Day holiday, as Hurricane Isaac roared toward the Gulf of Mexico and […]
Hedge Fund Launches: ConvergEx Group’s NorthPoint Alternative Mutual Fund Division
New York (HedgeCo.net) -ConvergEx Group, a leading technology company, announced that NorthPoint, its prime services business, has launched a new division dedicated to the formation, performance and management of alternative mutual funds. The new Alternative Mutual Fund Services division will […]
Hedge Fund Securities Firm Wins $1.46 Arbitration Award Against WFG
New York (HedgeCo.net) – Hedge fund services company Esposito Securities won a $1.46 million FINRA arbitration award against $6.5 billion Dallas-based financial services firm WFG Investments, Inc. “We are very happy that the FINRA arbitration process was confirmed by the […]
EisnerAmper Named North American Team of the Year in Annual Awards Showcase
New York – EisnerAmper LLP received the North American Team of the Year Award at the STEP Private Client Awards for 2011/12 on September 15. Winners were announced in London at the Hilton in Park Lane, where more than 670 […]
The War on Insider Trading: Market-Beaters Beware
NYT Magazine – How much time should Raj Rajaratnam spend in prison? Rajaratnam is the hedge fund founder who was convicted in May of trading on illegal stock tips — tips that produced fantastic results for his Galleon Group. Federal […]
Hedge Funds Care grant helps vulnerable families
Cayman Island News – The Children and Youth Services (CAYS) Foundation’s Family Reunification Programme has received a further US$36,585 from Hedge Funds Care Cayman, a charitbale organisation that aims to to prevent and treat child abuse and neglect. The programme is designed to […]
Metals fund Red Kite flies high as copper crashes
Reuters – It was a long wait, but the world’s most renowned metals traders Michael Farmer and David Lilley are finally profiting from a big, bearish bet on copper, trouncing rival hedge funds with a nearly 50 percent gain this […]
Hedge funds that kept Midas touch
This Is Money – These are supposed to be dire days for the once invincible-seeming hedge funds. On Wednesday shares in Man Group crashed by almost a quarter after it revealed clients pulled out $2.6billion (£1.6billion) in funds over the […]
Hedge funds can profit from global economic crisis
The Bureau of Investigative Journalism – When millionaire hedge fund tycoon, Bill Browder realised at the start of the year that recovering world markets were once again heading for the rocks, he was staring down the barrel of an enormous loss. ‘I […]
SEC registration may apply to smaller hedge funds
Market Watch – The Securities and Exchange Commission’s proposal on hedge-fund registration could subject fund managers with less than the $150 million in assets to the regulation. Hedge funds typically refer to net capital raised when they talk about asset […]
Survey: Hedge Funds Spend $2 Billion On IT
New York (HedgeCo.net) – Citi Prime Finance has released the new survey results on how much hedge funds’ are spending on IT. The survey documents for the first time both the industry’s aggregate expenditure on IT and the average expenditure […]
SEC Accuses Hedge Fund Manager of Fraud
WSJ – The Securities and Exchange Commission accused NIR Group LLC’s Corey Ribotsky of fraud, alleging that the Long Island, N.Y., hedge-fund manager and his firm hid losses and spent investors’ money on cars, a Rolex watch and other luxuries. […]