Yearly Archives: 2010
Hedge Fund Commentary: Dow Jones Credit Suisse Hedge Fund Index
New York (HedgeCo.net) – A new Dow Jones Credit Suisse Hedge Fund Index (pdf) monthly commentary offers insight into November hedge fund performance. Some key findings from the report include: November marked the Index’s first negative month of performance since […]
Sri Lankan worker arrested in US over insider trading charges
Reuters – Taiwan Semiconductor Manufacturing Co (TSMC) on Friday fired a US-based manager, a Sri Lankan man, who had been arrested on charges of leaking confidential information, with the world’s biggest contract chipmaker saying he had violated company policies. Manosha […]
Oklahoma Hedge Fund Manager Sentenced To 10 Years
New York (HedgeCo.net) Former hedge fund manager, Mark S. Trimble, of Edmond, Oklahoma, was sentenced to serve 10 years in federal prison for money laundering. Trimble, 44, pleaded guilty in April to money laundering. Trimble’s hedge fund, Phidippides Capital Management, […]
Boulder investment firm Agile Group sues hedge fund in Madoff scheme
DailyCamera.com – Alleging the firm was “little more than a marketing arm of (Bernie) Madoff,” the Boulder-based Agile Group is suing the investment group to which it lost millions of its clients’ money. Earlier this month, Agile Group, as well as […]
Derwent Capital Markets Will Track Twitter to Predict Stockmarket Movement
Bloomberg – Derwent Capital Markets, a family- owned hedge fund, will offer investors the chance to use Twitter Inc. posts to gauge the mood of the stockmarket, said co-owner Paul Hawtin. The Derwent Absolute Return Fund Ltd., set to start […]
SEC Charges SF Pegasus Hedge Fund Advisers With Fraud
New York (HedgeCo.net) -The SEC has charged two San Francisco-based hedge fund adviser firms along with their former CEO, former general counsel, and former portfolio manager with defrauding investors in a $100 million hedge fund that invested in subprime automobile […]
AppleGate: Hedge Funds Were Leaked iPad Secrets
New York (HedgeCo.net) – One of the five research executives arrested by the FBI last week, Walter Shimoon, from Flextronics International, is alleged to have profited illegally from Apple Inc. technology he was privy to, according to a criminal complaint. Shimoon […]
SEC Seeks Wiretaps From Rajaratnam For Civil Case After Judge Admits Them
Bloomberg – The U.S. Securities and Exchange Commission wants Galleon Group co-founder Raj Rajaratnam to turn over his copies of wiretaps made by the Justice Department for a related civil suit after a judge ruled they’re admissible in the government’s criminal prosecution […]
Hedge Funds May Skirt Direct Fed Scrutiny: Source
The Post Chronicle – The U.S. Federal Reserve does not believe any one hedge fund can topple the financial system and therefore the private pools of capital may escape direct supervision by the central bank, an industry source familiar with […]
Analysis: Probe opens window on Wellington hedge funds
Reuters – Their names invoke bubbling brooks and tropical islands, but now a host of obscure hedge funds may be bringing Wellington Management Co some unwanted attention. The secretive Boston money manager is one of more than 20 firms, mainly […]
Former Hedge Fund Manager Gets Six Years Behind Bars
New York (HedgeCo.net) – A hedge fund manage formerly of Jefferies Group Inc has been sentenced to six years after being convicted of fraud in October, according to a Reuters report. “If it feels like those in the game are conducting insider […]