Yearly Archives: 2010
U.S. hedge funds and mutual funds get subpoenas
Reuters – Hedge fund SAC Capital Advisors and mutual fund firm Janus Capital said on Tuesday they were among money managers asked to provide documents to U.S. securities regulators as part of a widening probe by federal authorities into insider […]
Soros protégé is mystery buyer of 5% Gartmore stake
Investment Week – A vehicle linked to hedge fund manager John Zwaanstra, a former protégé of George Soros, has emerged as the mystery buyer of a 5% stake in Gartmore. After first identifying itself as simply United Industrial Services, the firm […]
DOJ Plans to Take Down ‘As Many As a Dozen Hedge Funds’
Wall Street Pit – More breaking news from Charlie Gasparino on the insider trading investigation. Gasparino reports that sources are telling him “there is essentially a war on hedge funds” and it is the Justice Department’s plan to “set a […]
The Feds Are Barking Up The Wrong Tree With These Hedge Fund Raids
BusinessInsider – With the raids on three hedge funds yesterday, the Feds are robustly taking on insider trading. Charlie Gasparino on why this won’t do anything to rid Wall Street of miscreants. The Justice Department is saying that it’s getting […]
Pictet May Add More Funds to Smaller Managers to Cut `Druckenmiller Risk’
Bloomberg – Pictet & Cie, Switzerland’s biggest closely held private bank, is shifting more of its $10 billion hedge fund investments to newer, lesser-known managers from the largest, most established houses to boost returns. The bank may increase money invested […]
Health Care Rules, FBI Hedge Fund Raids, Ireland: Compliance
Bloomberg – U.S. health insurers can include the cost of federal taxes in determining whether they spend enough on patient care, increasing the amount that can be kept for administration or profit under new rules. Company shares rose. Health plans led […]
Daniel Posner Leaves DE Shaw To Start His Own Hedge Fund
Business Insider – Daniel Posner, who ran the distressed securities group at DE Shaw, is leaving the fund to start his own hedge fund, says HFMWeek. Top performers are frequently spinning off from hedge funds to start their own shops, but […]
Chiesi Claims FBI Delayed Advising Her of Rights
Bloomberg – Danielle Chiesi, accused with Raj Rajaratnam in the largest insider-trading case involving hedge funds, testified that U.S. agents questioned her before advising her of her right to remain silent and to seek a lawyer’s advice. Chiesi, testifying for the […]
Hedge Funds Care 2nd South Florida Benefit
New York (HedgeCo.net) – Hedge Funds Care is holding it’s 2nd South Florida Benefit for Hedge Funds Care on Dec. 2nd, 2010, the first night of Art Basel, Miami Beach. “The first annual South Florida Benefit was one of the […]