Monthly Archives: September 2011
Hedge Fund Boxer Hall Says Gold to Extend Gains: Commodities
Bloomberg – Gold, platinum and Brent oil will lead gains in commodities as investors seek to protect their assets and shortages emerge, according to Tony Hall, the hedge- fund manager who earned 33 percent for his clients this year. Gold […]
Dow Jones Credit Suisse Hedge Fund Index fell 2.30% in August
New York (HedgeCo.net) – Hedge funds generated negative performance in August, falling 2.30% for the month versus a loss of 7.69% for the Dow Jones Global Index. “The Dow Jones Credit Suisse Hedge Fund Index fell 2.30% in August, although […]
Banks under new pressure as ‘rogue trader’ loses $2bn
Guardian – Staff were said to be stunned as Adoboli and his colleagues were regarded as “stars” by their colleagues and top management.ETFs are complex financial instruments that comprise a basket of investments intended to mimic a market’s movements. They […]
Admitted insider handed 18-month prison term
Reuters – A former account manager at a semiconductor company who pleaded guilty in the government’s campaign against insider trading was sentenced to 18 months in prison on Thursday. Manosha Karunatilaka, 37, had previously pleaded guilty in Manhattan federal court […]
Hedge funds must continue to defend against suit by Madoff trustee
Reuters – Two investment funds that allegedly received over $30 million from Bernard Madoff’s firm have lost their bid to overturn a New York bankruptcy court’s refusal to dismiss trustee Irving Picard’s avoidance suit. U.S. District Judge Kimba M. Wood […]
Regal Funds Targets Australia Mine Boom
Bloomberg – Regal Funds Management Pty Ltd., an Australian hedge fund manager with A$1 billion ($1.03 billion) in assets, has started a natural resources fund it forecasts will attract as much as A$200 million from investors betting on rising commodity […]
Equity based strategies hedge fund winners
Financial Standard – Regal was awarded Australian Hedge Fund of the Year at the annual Cure Our Kids Australian Hedge Fund Awards. Bennelong and Macquarie lost out on the top spot, with equity-based strategies dominating the talent field. Regal Tasman […]
Goldman Sachs shuts hedge fund after hefty losses
Sydney Morning Herald – Goldman Sachs is closing a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. Goldman told investors in the roughly $US1.6 billion ($1.55 billion) Global Alpha fund […]
Testimony: Hedge Fund Had Early Info On iPad
New York (HedgeCo.net) – Former Samsung manager Suk-Joo Hwang has admitted to leaking early information on the iPad to representatives from an “expert network” firm and a hedge fund, according to Apple Insider. In exchange for immunity, Hwang testified in […]
4th Annual Benefit for Hedge Funds Care
The Hedge Funds Care Los Angeles Committee of Hearts will unite Southern California hedge fund managers and other alternative investment industry members in support of Hedge Funds Care, a global non-profit organization that works to prevent and treat child abuse. […]