Yearly Archives: 2008
406 indicted in crackdown on mortgage fraud
Ventura County Star- More than 400 real estate industry players have been indicted since March, — including dozens in the last two days — in a Justice Department crackdown on incidents of mortgage fraud that stem from the country’s housing […]
Investment banking’s pain is hedge funds’ gain
Reuters- The hedge fund industry is set to attract bankers and traders from an exodus of high-flyers leaving troubled investment banks in search of bigger bonuses and better job security. Bankers joining hedge funds is not a new phenomenon, but […]
Hedge funds learn to profit from higher volatility
Reuters- Hedge fund returns look set to pick up this year after a poor start, as managers learn the painful lessons of recent months and feel well positioned to profit from opportunities arising in credit and equity markets. Having cut […]
Girlfriend of NY hedge fund swindler who disappeared is charged with helping him escape
International Herald Tribune- The girlfriend of a missing hedge fund swindler was arrested Thursday and charged with helping him elude his sentence on the day he was supposed to begin serving 20 years in prison. Debra Ryan was charged with aiding […]
Bear Hedge Fund Managers Will Face Criminal Charges
New York (HedgeCo.Net) – The two managers behind Bear Stearns’ infamous failed hedge funds have surrendered to face charges, in what will be the first criminal lawsuit stemming from the subprime mortgage fallout. Ralph Cioffi, 52, and Matthew Tannin, 46, […]
Manhunt for hedge fund felon becomes global
Financial Times- The 10-day-long search for missing hedge fund manager Samuel Israel is entering a critical phase with law enforcement agencies sparing no expense to ensure they "get the body back" before the trail goes cold. Authorities are now working […]
Hedge fund chief pessimistic about UK property
Financial Times- John Paulson, the US hedge fund manager who made a fortune for his investors by anticipating the debacle in subprime mortgages, said on Wednesday it was too early to look for bargains in the financial sector and predicted […]
Dutch fund jazzes up portfolio with music assets
AMSTERDAM (Reuters)- The world’s third-largest state pension fund, ABP, is looking to diversify its portfolio by stepping up its investments in media rights, adding to a portfolio that already includes Justin Timberlake and Beyonce. ABP’s fund manager, APG, may invest […]
Egypt’s Naeem Said to Start $19 Million Pre-IPO Fund
Black Enterprise- Naeem Holding, Egypt’s second-largest investment bank by market value, will start a 100 million Egyptian pound ($19 million) fund to buy stakes in firms planning public listings, its chief executive said on Wednesday [June 18]. The fund would […]
Cayman Hedge Funds To Hold Repeat Fundraiser for Children
West Palm Beach (HedgeCo.net)- The fourth annual Hedge Funds Care Cayman (HFCC),“Open your heart to children benefit”, gala dinner is taking place this year in November at The Ritz-Carlton Grand Cayman. Last year, $254,000 was raised by HFCC for the […]