Yearly Archives: 2010
Indian American manager fined for defrauding investors
Economic Times – An Indian American manager of a hedge-fund that catered to Silicon Valley professionals has been fined by the Securities and Exchange Commission and barred from the investment advising business for five years. Neil Godbole, 29, of San […]
Asia’s Hedge-Fund Hurdles
WSJ – Major hedge funds are expanding rapidly in Asia as global investor interest in the region grows, Alison Tudor reports in The Wall Street Journal today. But there are challenges ahead, particularly for smaller players. Asian markets remain relatively […]
Adviser to hedge fund subpoenaed
Boston.com – Secretary of State William F. Galvin has subpoenaed the consulting firm Guidepoint Global in connection with its dealings with a Massachusetts hedge fund, amid a widening federal probe into insider trading by hedge funds and the firms that […]
Hedge Funds Short Green Power; Goldman Cuts American Superconductor Stake
Bloomberg – Hedge funds increased short selling in U.S. renewable energy stocks to the highest level in a year, boosting bets against First Solar Inc. and Tesla Motors Inc. as government support for low-polluting technologies faltered. Seventeen percent of the […]
Hedge funds bet against euro, shirk CDS, in crisis
Reuters – Hedge funds are betting the euro will fall further as Europe’s sovereign debt woes spread but have largely abandoned bond insurance trades given uncertainty over political interventions following Ireland’s bailout. Some are shorting the euro or taking long positions […]
Peak Ridge Seeks $30 Million in Morgan Stanley Case
Bloomberg – Peak Ridge Master SPC Ltd., a commodity hedge fund, is seeking at least $30 million in damages stemming from Morgan Stanley’s role as the futures broker for the fund. The claim was filed yesterday in Manhattan federal court […]
Hedge Fund Launch: UCITS Alternative Index Fund
New York (HedgeCo.net) – Palaedino Asset Management and Geneva-based hedge fund investment company Alix Capital are launching the first investable UCITS Alternative Index hedge fund. “I strongly believe that UCITS alternative funds are not hype but are here to stay,” […]
DiamondBack Only One Of Many Hedge Funds Targeted By FBI
New York (HedgeCo.net) – One of three hedge funds raided by the FBI last week, Connecticut based Diamondback Capital Management LLC, has said that the FBI is investigating one of their employees and a portfolio manager, who has peen put on […]
Researcher Refuses FBI Request to Record Fund Clients, NYT Says
Bloomberg – John Kinnucan, a technology research provider in Portland, Oregon, refused a surprise request from the Federal Bureau of Investigation to wear a wiretap to record investor-client conversations, he wrote in the New York Times. FBI agents arrived unexpectedly […]
Wiretaps are bearing extra fruit in insider case
Houston Chronicle – Secret court-approved wiretaps put in place more than two years ago are now being used by prosecutors in a widening inquiry of securities fraud and insider trading involving hedge funds and consultants that provide industry research, according […]
The Great 2010 Cashout: Dodd choosing Hollywood over hedge funds?
Washington Examiner – With an unusual number of departing senators and congressmen, K Street has a large crop of available “talent” to choose from. So two weeks ago, I posted my predictions of where the retiring or defeated senators are going. I […]
Photo gallery: Ninth European Fund of Hedge Funds Awards 2010
Hedge Funds Review – Over 300 people from the European fund of hedge funds industry attended the Ninth European Fund of Hedge Funds Awards 2010 held at the Grand Hotel, Trafalgar Square, London. Jo Caulfield, described as “one of the finest […]