Monthly Archives: November 2012
Cohen’s SAC Faces Client Querries as Investigators Circle
Bloomberg – SAC Capital Advisors LP is seeking to calm investor concern about founder Steven A. Cohen’s trading in two drug stocks and possible regulatory sanctions after prosecutors for the first time tied Cohen to a specific transaction at the […]
“Historic” Hedge Fund Scheme Uncovered
New York (HedgeCo.Net) – The FBI has unsealed charges involving insider trading during an alzheimer’s disease drug trial that is proving to be the most lucrative hedge fund insider-trading case ever prosecuted. Mathew Martoma, a former portfolio manager for a division […]
AIMA Releases “The Roadmap to Hedge Funds”
The Alternative Investment Management Association (AIMA), the global hedge fund association, and Deutsche Bank today announced the launch of a new edition of the educational guide for institutional investors in hedge funds – the Roadmap to Hedge Funds. The new […]
U.N. Court to Start Argentina Ship Case against Ghana Nov. 29
HedgeWorld – The United Nations’ maritime court in Hamburg said on Wednesday [Nov. 21] it will hold hearings on Nov. 29 and 30 into Argentina’s demands that Ghana free an Argentine naval ship stranded in the African country due to […]
FINRA Reignites Efforts to Oversee Investment Advisers
Reuters – Wall Street’s self-watchdog is banging the drum again about expanding its oversight beyond the brokerage industry, to the businesses of registered investment advisers. The Financial Industry Regulatory Authority, which has been lobbying for years to expand its reach, […]
Newscape launches specialist UCITs Hedge Fund
Newscape launches another specialist UCITS Fund Newscape Capital Group, the London based investment firm, has launched its third specialist UCITS Fund, its second launch in as many months. The Newscape Dynamic Rates and Currency Fund will target an annualised return […]
BlackRock Sees Asian Demand in Illiquid Hedge-Fund Assets
Bloomberg – BlackRock Inc., the world’s largest asset manager, said there is rising demand from Asia-Pacific investors for less liquid hedge-fund investments as European and U.S. financial institutions clean up their balance sheets. More than half of the money BlackRock’s […]
Blackstone-backed Asia fund Senrigan’s partner leaves for own firm
ET – Kevin Kwong, a partner at Senrigan Capital, has left the Hong Kong-based hedge fund this month to start his own investment firm, sources with knowledge of the matter said, joining a growing number of spinouts from established companies this year. […]
Offshore secrets revealed: the shadowy side of a booming industry
Guardian – The existence of an extraordinary global network of sham company directors, most of them British, can be revealed. The UK government claims such abuses were stamped out long ago, but a worldwide joint investigation by the Guardian, the BBC’s […]
Former Hedge Fund Manager Caught in $276 Million Insider Trading Scheme
New York (HedgeCo.Net) – In what prosecutors are calling the most lucrative hedge fund insider-trading case ever prosecuted, the FBI yesterday unsealed charges involving insider trading during an alzheimer’s disease drug trial. Mathew Martoma, a former portfolio manager for a division of a […]
Central Banks & Hedge Funds – Gold’s Best Friends?
Resource Investor – After falling 0.94% last week, Comex gold futures rebounded 0.52% this week and ended at $1,723.60 on Tuesday. The S&P 500 index and the Euro Stoxx 50 index surged 2.05% and 3.39% this week. Crude oil futures […]
Brevan Howard on Hiring Spree as Hedge Fund Rebuilds in New York
Bloomberg – Brevan Howard Asset Management LLP, Europe’s second-biggest hedge fund, is rebuilding in the U.S. after largely pulling out during the 2008 financial crisis. The $39 billion firm, run by billionaire Alan Howard, is seeking traders for its New York office after […]