Monthly Archives: November 2009
Four Indians among 20 charged in hedge fund scam
PTI News – The FBI has charged a further 14 people, including two Indians and Wall Street professionals, in a widening USD 53 million insider trading scam, the largest ever such case in the United States. The latest action brings […]
Hedge Fund Registration is Likely to be Required by the End of 2009 – How to Prepare Your Fund
New York (HedgeCo.net) – There are currently several proposals on the floor of Congress that would affect the future of hedge fund regulatory requirements. The proposals call for increased transparency and accountability of hedge funds in a governmental mission to […]
India shows hedge-fund savvy with gold grab
Business Day – India is going its own way with a $US6.7 billion ($7.4 billion) gold purchase. The transaction turned heads in markets. While India’s people are major gold hoarders, the government hasn’t been a big one. India really did […]
Weston Capital Management and Harcourt AG Launch an Incubation Joint Venture Hedge Fund
New York (HedgeCo.net) – Independent alternative investment group, Weston Capital Management LLC and Zurich-based Harcourt Investment Consulting AG, have joined in a strategic alliance to seed and develop new hedge fund businesses via Weston Capital’s incubation platform. The alliance will […]
State Oversight of Some Hedge Funds Raises Flags
WSJ – Pending legislation aimed at tightening regulation of financial services would give state authorities significant clout in overseeing hedge funds, a move some regulators fear could undermine Congress’s goal. The House Financial Services Committee passed a bill Wednesday that […]
What the SEC Should Learn from Galleon
Seeking Alpha – The government’s case against Raj Rajaratnam, founder of hedge fund Galleon Group, on the charge of insider trading, alleges that the hedge fund manager’s primary competitive advantage for investors was a web of connections close to or […]
Galleon generates gains in October as it unwinds
Market Watch – Galleon Group, the hedge-fund firm at the center of the industry’s largest insider-trading case, generated gains last month as it unwound most of its positions, according to a letter sent to investors Wednesday. Galleon, founded by Raj […]
Close of $12.2 Million Financing For Renewable Hedge Funds
New York (HedgeCo.net) – Renewable Funding, a U.S. financier of Property Assessed Clean Energy (PACE) programs, announced the close of a $12.2 million Series A round of financing. The investment was led by NGEN Partners LLC and Draper Fisher Jurvetson. […]
Hedge fund buys CanWest bonds
Globe And Mail – One of the biggest U.S. hedge funds is building a stake in the bonds of CanWest Global Communication Corp., fuelling speculation that the fight with Goldman Sachs over the future of CanWest’s lucrative specialty channels is […]
Scipion Capital Launches Africa Mining Hedge Fund
NASDAQ – Scipion Capital Wednesday said it has launched a new?fund to invest in African mining and natural resources companies, after raising $15 million in investor commitments. The fund, called Scipion Mining & Resources Fund, is targeting annual returns above […]
Ex-Tudor Fund Manager Mathews Said to Plan Commodity Hedge Fund
Bloomberg – Steve Mathews, former head of commodities research and fund manager at Tudor Investment Corp., plans to start a commodity hedge fund as investor appetite for risk returns. Flintlock Commodity Opportunity Partners LP starts in January, two people familiar […]
Hedge fund manager from Colma pleads guilty in fraud
The Oakland Tribune – A hedge fund manager from Colma pleaded guilty Tuesday to running a scam that cost investors at least $8.3 million over nearly a decade, federal prosecutors said. Alexander Trabulse, 62, who managed San Francisco-based hedge funds […]