Monthly Archives: November 2009
Key oil figures were distorted by US pressure, says whistleblower
Guardian – The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic […]
The Evolving Competitive Landscape for Hedge Funds- Study
New York (HedgeCo.net) – A new independent study that examines the continued emergence of investment managers in the equity long and short marketplace and their convergence with hedge funds has been published by Pershing LLC, a BNY Mellon company, and […]
Dreier Fraud Case Leads to Guilty Plea by Ex-SEC Lawyer Miller
Bloomberg – Robert L. Miller, once an attorney at the U.S. Securities and Exchange Commission, pleaded guilty to federal charges that he helped imprisoned New York law firm founder Marc Dreier defraud hedge funds. Miller, the third person to plead […]
Regulatory Hedge Fund Reform Measures Gain Momentum
New York (HedgeCo.net) –Regulatory hedge fund compliance consulting firm, FrontLine Compliance LLC, sent out an alert announcing that the House Financial Services Committee has taken the first official steps toward actual financial regulatory reform. The Committee approved three bills that […]
Hedge fund scam suspect in on the run in Mumbai: FBI
Business Standard – Deep Shah, an Indian-origin suspect in the largest ever hedge fund scam in the US is on the run and is believed to be in Mumbai, federal authorities have said. Shah, 27, and Gautam Shankar, 35, were […]
Ernst & Young survey hedge funds moving swiftly for investors demand
Channel News Asia – A survey by accounting firm Ernst & Young has found that the global downturn is forcing hedge fund managers to respond swiftly to investors’ demands. The survey of 100 of the world’s largest hedge funds notes […]
UK Tsy’s Myners Calls For Onshore Hedge Fund Regime
WSJ – The U.K. should develop a viable onshore regulated hedge fund industry, Paul Myners, the U.K. Treasury’s financial services secretary, said Monday. Myners said he endorsed the findings of a government-sponsored report on the future of the U.K. asset […]
NY jurors to get case at hedge trial
AP – The case of two former Bear Stearns hedge fund managers charged with lying to investors is moving into the final stages. Deliberations were expected to begin Monday at the Brooklyn trial of Ralph Cioffi and Matthew Tannin. They’ve […]
Manhattan Attorney Charges 14 With Over $20 Million in Hedge Fund Insider Trading
New York (HedgeCo.net) – Allegations against 14 Wall Street professionals have emerged from the SEC’s ongoing investigation of insider trading at hedge funds and stock trading firms. The charged defendants include hedge fund managers and trading firm executives, lawyers and […]
‘Tyranny of Distance’ Hampers Australian Hedge Fund Revival
Bloomberg – After a decade running Sydney-based hedge fund Commodity Strategies Ltd., founder Rob Holroyd is planning a move to New York or Switzerland in search of cash. Investors have increased due-diligence after Bernard Madoff’s Ponzi scheme, and scrutiny is […]
EU hedge fund plan may choke investment-UK minister
Reuters – European Union plans to tighten regulation of hedge funds and private equity managers could choke off investments and deepen the credit crunch, British Business Secretary Peter Mandelson said in the text of a speech to be delivered on […]
Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says
NYT – Citigroup is preparing to relaunch its hedge fund business operations, after months of debate on the unit’s future, The Financial Times reported. The move comes after two years of performance problems and investor unrest at the unit, Citi […]