Yearly Archives: 2010
Pastor Gets 54 Years For “Hedge Fund” Scam
New York (HedgeCo.net) – Indiana Judge Deana Martin sentenced Vaughn A. Reeves, Sr. to 54 years in prison for his role in a massive affinity fraud investment scheme that raised more than $120 million from investors in church bonds. The […]
FrontPoint Fires Health Care Team
DealBook – FrontPoint Partners, a hedge fund firm hit with $3 billion worth of redemptions — fired its 12-person health care team in the weeks after the group was ensnared by an insider trading case in early November, according to […]
AlphaMetrix buys hedge fund administrator
Pensions & Investments – Terms were not disclosed for the all-cash transaction that was announced Tuesday said an AlphaMetrix spokesman who asked not to be named. The deal closed Dec. 10. AlphaMetrix will integrate Spectrum’s operations into its own to […]
Goldman Sachs hits back at accusations over Bear Stearns
City AM – Goldman Sachs has hit back at allegations that its actions caused the collapse of two key mortgage hedge funds in 2007 at the onset of the financial crisis. In letters now published, Goldman told the US agency […]
Hedge Fund Industry on Notice as Law Enforcement Tapes Phone Calls
WNYC News – Since last year, wiretaps have helped the U.S. Attorney for the Southern District of New York obtain 24 arrests and 14 guilty pleas in insider trading cases. Last month, a judge ruled recorded phone calls may be […]
Paulson launches Ucits fund on Deutsche Bank Luxembourg platform
Hedge Funds Review – Deutsche Bank and Paulson & Co have launched a Ucits-compliant version of the flagship Advantage fund, DB Platinum IV Paulson Global Fund. It is available on Deutsche Bank’s Platinum platform. The Ucits fund is linked to […]
Distressed Asset Firms Offer to Buy Out Madoff Victims
New York Observer – Following the climax of Madoff trustee Irving Picard’s lawsuit frenzy, The New York Timesreports that hedge funds and other investors in distressed assets are offering Madoff victims cash up front in exchange for the chance to reap […]
Hedge Funds Gain as Arctic Weather Boosts Nordic Power: Energy Markets
Bloomberg – Arctic weather, water shortages and halted reactors drove Nordic power prices to the biggest monthly gain in three years, boosting profits at hedge funds investing in European energy markets. Electricity across four Nordic countries for next quarter jumped […]
Decosimo Sponsors, Presents at National Hedge Fund Seminars
Audit and tax professionals with Decosimo Certified Public Accountants, including Manager Beth Biega and Principals Lynn Rodgers and Renee Ford, participated in three presentations hosted by Financial Research Associates on Dec. 2 and 9 at New York City’s Princeton Club. On Dec. […]
People Moves: Legg Mason Appoints Hedge Fund Specialist Peter Nachtwey as Chief Financial Officer
New York (HedgeCo.net) – $668 billion hedge fund management firm Legg Mason Inc., has appointed Peter “Pete” H. Nachtwey as Chief Financial Officer and a member of its Executive Committee. He will report to Mark R. Fetting, Chairman and Chief Executive Officer. He joins the firm […]
Hedge Fund Richie Capital Challenges Court’s Decision Against Victims Rights
New York (HedgeCo.net) – Hedge fund investment firm, Ritchie Capital Management, L.L.C., has filed a petition for a Writ of Certiorari (a formal written order seeking judicial review), asking the U.S. Supreme Court to review decisions of the Minnesota Federal District Court […]
Goldman: We Didn’t Topple Bear Stearns
WSJ – Goldman Sachs Group Inc. told a U.S. panel examining the financial crisis that the company wasn’t responsible for toppling two Bear Stearns & Co. hedge funds in early 2007. In dozens of pages of documents submitted to the […]