Yearly Archives: 2010
Skandia Investment Group puts £19m into Ucits fund
Hedge Funds Review – Skandia Investment Group (SIG) has added the Ucits hedge fund Liontrust Credit Absolute Return Fund to a number of its leading portfolios in a tactical investment worth £19 million ($29.9 million). The fund, managed by Simon Thorp […]
Level E Capital uses artificial intelligence in Maya hedge fund
Hedge Funds Review – Edinburgh-based fund management group Level E Capital has launched Maya fund, a purely systematic and fully automated decision-making process based on cutting-edge advances in artificial intelligence. The fund started live trading in April 2010 and is […]
Feds Circling Stevie Cohen And SAC?
San Fransisco Chronicle – As the massive insider trading case that is sweeping across Wall Street continues to unfold, it is becoming more and more apparent that the Feds are keenly interested in ensnaring Steve Cohen and his hedge fund, SAC Capital. […]
Outside the law
The Economist – In a speech in October, Preet Bharara, federal prosecutor for the Southern District of New York, laid out his plans to root out insider trading, which he compared to a “performance-enhancing drug”. Some of the hedge-fund industry’s […]
What to Do When the FBI Raids Your Hedge Fund: Jonathan Weil
Bloomberg – As if the global capital markets hadn’t suffered enough shocks lately — artillery fire in Korea, meltdown in Ireland, Eva Longoria Parker’s divorce filing — life just threw America’s hedge-fund masters a beanball. It appears the government wants to […]
Hedge fund Balyasny gets U.S. subpoena
Reuters – Hedge fund Balyasny Asset Management confirmed it was subpoenaed by the U.S. federal government in a massive investigation into insider trading, a news website reported on Wednesday. The website, Absolute Return + Alpha, quoted a letter Balyasny wrote […]
Provident Financial share jump hits hedge funds
The Telegraph – The doorstep lender issued a positive trading update that stated that sales for the 12 weeks since the start of September were up 7pc on the same time last year and the business was on track for […]
U.S. Trading Probe Puts Research, Expert Networks in Spotlight
Bloomberg – John Kinnucan’s questioning by the FBI in a broad insider-trading investigation has put the spotlight on money managers and their use of a burgeoning breed of firms selling research and access to industry experts. Kinnucan runs Broadband Research […]
Galleon Hedge Fund Founder Rajaratnam’s Bid Rejected
Barron’s – A bid by Galleon Group hedge fund founder Raj Rajaratnam to surpress secretly recorded conversations has been rejected by a U.S. district court judge. The decision is being viewed as a major victory for prosecutors, who are charging the […]
World Clean Coal Week China Focus 2010 will be held in November, Beijing, China
Press Release – Industry executives believe the USA, Australia and China will be leading clean coal technology in 5 years‘ time. China’s appetite for energy is creating both unpleasant realities and unexpected opportunities. The central government has put unprecedented emphasis […]
Unconventional Gas Asia Summit will be held in November
Beijing, China (Press Release) – In China, Petrochina, China United Coalbed Methane Corp and Jincheng Anthracite Mining Group are the major players in the exploration, development and utilization of coal-bed methane resources. These companies have also extensive cooperation with big multinational companies […]