Yearly Archives: 2010
Witness’s Aid Hints at Growth of Case
WSJ – A key cooperating witness working for the U.S. in a major insider-trading investigation made more than 60 calls with corporate managers, seeking to gather evidence for the government, a person familiar with the probe says. The activity by […]
Q&A: How hedge funds became the focus of insider-trading probe
Minneapolis Star Tribune – Sebastian Mallaby, a veteran journalist who has worked for the Washington Post and the Economist, came out this summer with what has been described as the definitive study of the hedge fund industry with his book […]
Fed Not in a Rush to Oversee Hedge Funds
NY Observer – The United States Federal Reserve, which is charged with overseeing the financial system, is not convinced that there’s any hedge fund that could endanger the entirety of U.S. capitalism, and therefore it’s not convinced that the funds […]
Woman’s Death at 27 Shocks Her Friends in Banking and Charities
NYT – At a fairly young age, Jessica Fashano had dedicated much of her life to helping others, heightening her commitment to charitable work as she rose in the banking world. She spearheaded fund-raisers for the Acumen Fund, which makes small-business […]
Analysis: Insider trading probe casts shadow over 2011
Reuters – Some U.S. money managers may find their New Year’s Day hangover lasting well into 2011 as federal investigators step up arrests in a widening Wall Street insider trading probe. Legal experts say Thursday’s arrest of three technology company […]
Two Arrested In $20 Million Hedge Fund Fraud Scheme
New York (HedgeCo.net) – New York Federal prosecutors have charged two more hedge fund hedge fund managers with fraud, according to Courthouse News Services. The 4-count indictment says that two New Jersey hedge fund managers, William Shternfeld and Benjamin Koifman, […]
Probes tarnish hedge funds
New Jersey Business – Joseph Contorinis was in a mood to celebrate his big score, so he made reservations for dinner at one of Manhattan’s most expensive restaurants. The tab for sushi and sake at Masa came to $1,150, but […]
Review of hedge fund launches, closures, trends, regulatory and legal events – week 50
Opalesque – A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches James Chanos (hedge fund); John Paulson (Ucits fund); […]
Copper Gains on U.S. Outlook, Hedge Funds Raising Bullish Bets
Bloomberg – Copper rose for a second day in London amid speculation that the U.S. economy is recovering and after hedge funds increased bets the metal may gain. U.S. third-quarter growth may be revised to an annualized 2.8 percent, the […]
EurekaHedge: Hedge Funds Post Positive Returns Of 0.40%
New York (HedgeCo.net) – All regional mandates ended the month with flat to positive returns as the Eurekahedge Hedge Funds Index witnessed a fifth consecutive month of back-to-back positive returns. The Eurekahedge Hedge Fund Index is up 7.72% November YTD, […]
UBS says new ETF gives liquid access to hedge funds
Reuters – Switzerland’s UBS said on Friday it had launched an investment product that will give investors access to a broad basket of hedge funds in a single, listed investment. UBS, Europe’s largest wealth manager by assets, teamed up with Chicago-based […]
Hedge fund cases point to a maze of alleged insider trading
LA Times – The probes grew out of a 25-person hedge-fund task force created by the Securities and Exchange Commission in 2007, which developed a computer program to analyze stock market movements and identify not only suspicious trading but also […]