Yearly Archives: 2010
Blackcube establishes first hedge fund
Belfast Telegraph -Northern Ireland’s first hedge fund has been launched in Co Down by a new financial services group. A trading floor has been set up at the Holywood headquarters of the Blackcube Group, consisting of Blackcube Capital LLP and […]
Ex-Citi trader Hall raises $1 bln for hedge fund
Reuters – Former Citigroup trader Andrew Hall, who became a lightning rod for criticism over excessive Wall Street bonuses last year, has raised $1.08 billion for an offshore commodities hedge fund. The Westport, Connecticut-based fund, Astenbeck Offshore Commodities Fund II […]
Harvard’s Former Quarterback Priore Now Faces SEC Fraud Suit
Bloomberg – The SEC’s complaint centers on mortgage-backed securities, and the agency alleges that some fraudulent trades were made to meet a margin call. In a March 2007 interview with Bloomberg Television, Priore was already anticipating a reversal in the […]
Bank Lobbyists Make a Run at Reform Measures
NYT – As Congress rushes this week to complete the most far-reaching financial reform plan in decades, the banking industry is mounting an 11th-hour end run. Industry lobbyists — and sympathetic members of Congress — are pushing for provisions to […]
Hedge Funds Said to Back Spyglass to Run M.G.M.
NYT – Spyglass Entertainment has emerged as the leading contender to run Metro-Goldwyn-Mayer, after impressing a group of hedge funds holding large amounts of the movie studio’s debt, Reuters said, referencing a report by The Wall Street Journal, which cited […]
Ex-Citi trader Hall raises $1 bln for hedge fund
Reuters – Former Citigroup trader Andrew Hall, who became a lightning rod for criticism over excessive Wall Street bonuses last year, has raised $1.08 billion for an offshore commodities hedge fund. The Westport, Connecticut-based fund, Astenbeck Offshore Commodities Fund II […]
Why we need hedge funds to make financial reform work
Washington Post – You can’t blame Congress for wanting to squeeze risk out of the big Wall Street firms. In 2008, mishandled risk cratered the economy, triggering a sharp expansion of the national-debt burden and leaving at least one in […]
Hedge Fund Founder Gets Over 3 Years For Fraud
New York (HedgeCo.net) – The New York District Court has sentenced Alan Fishman to 37 months in prison for conspiring to commit securities fraud in a case involving hedge fund A.R. Capital Group Inc., which he founded. Daniel Ledven, also […]
RWC launches UCITS III pan-European long/short equity fund
Opalesque – RWC Partners today announced that Ajay Gambhir is set to launch the RWC Europe Absolute Alpha Fund, a UCITS III pan-European long/short equity fund. The new fund will launch at the end of July following the launch of […]
F&C in hedge fund legal battle
Financial Times – F&C, the asset management company, is embroiled in a High Court battle with two hedge fund managers over whether it was valid for the men to exercise a series of “put options” last year. The complex case, […]
BlueCrest Raises $517 Million in Hedge Fund Share Listing
Bloomberg – BlueCrest Capital Market LLP, Europe’s third-largest hedge fund firm, raised 349 million pounds ($517 million) with a share issue, double its target, in the largest such listing in two years. BlueCrest, which manages about $19 billion in hedge […]
Bank Lobbyists Make Run at Reform Measures
DealBook – As Congress rushes this week to complete the most far-reaching financial reform plan in decades, the banking industry is mounting an 11th-hour end run, Eric Dash and Nelson D. Schwartz report in The New York Times. Industry lobbyists […]