Monthly Archives: June 2008
Barbarians at Japan’s gates
On July 8, 1853, Commodore Matthew Perry of the United States Navy sailed into Tokyo Bay with four warships. The American show of force ended 200 years of self-imposed isolation for Japan, compelling it to end its strict limits on […]
Lehman Bros. denies tapping Fed
Seattle Times- Lehman Brothers on Tuesday denied that it was forced to tap the Federal Reserve’s discount window to stave off cash problems, and maintains that its books remain liquid. The nation’s fourth-biggest investment bank was battered Tuesday amid reports […]
The key base for hedge funds: propriety
Globe and Mail- Hedge funds have turned into the market’s favourite scapegoat, blamed for just about every conceivable ill wind blowing through the global economy, from skyrocketing energy and food prices to the woes of Wall Street investment banks, the […]
Hedge Fund Fraudster Manhunt Comes to an End
New York (HedgeCo.Net) – The international man hunt for Sam Israel came to an end yesterday when the hedge fund fraudster turned himself over to authorities. Israel turned himself into the Southwick, Mass., police station around 9:30 a.m., said […]
Judge denies bail in hedge fund fraud case
Telegram.com – Convicted swindler Amit Mathur will remain in federal custody for the next three months, a federal judge ruled today. In denying Mr. Mathur’s bid to be released on bail until his sentencing, scheduled for Sept. 5, U.S. District […]
Korean-American Fund Manager Trades Grains for Gains
Digital Chosunilbo- A Korean American is emerging as a star fund manager and an especially astute futures trader on the Wall Street hedge fund scene. Paul Kim is the founder and "Chief Visionary Officer" of mISFIT Financial Group. According to […]
Hedge Fund Expansion Into Development Property
West Palm Beach (HedgeCo.net)- Hedge fund Three Arch Investors has begun buying tracts of abandoned development land in California. “Property and land values in California have dropped to very low lows and at some stage they will recover." John Godden, […]
Wall Street broker acquitted of gym member assault
International Herald Tribune- A Wall Street stock broker accused of throwing a fellow health club member into a wall during a cycling class has been acquitted. A Manhattan Criminal Court jury found 44-year-old Christopher Carter not guilty of assault against hedge-fund […]
Schwartz facing reluctancy with JPMorgan job offer
New York (HedgeCo.Net) – Alan Schwartz may be having second thoughts about his new position at JPMorgan Chase, reports the New York Post. According to the paper, the former Bear Stearns CEO is contemplating JPMorgan’s offer for a non-executive vice […]
Man Group Sells Guaranteed Managed Futures Fund in Hong Kong
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund manager, began selling a managed futures fund with a capital guarantee to Hong Kong individuals seeking protection from falling stock markets. Man AHL Guaranteed Futures 3 Ltd. will […]