Yearly Archives: 2010
Banks Pay Overseas Madoff Investors $15.5 Billion
NYT – About 720,000 investors outside the United States who lost money to the convicted swindler Bernard L. Madoff have settled with their banks, receiving about $15.5 billion in all, according to law firms representing those victims of the fraud, […]
‘No exodus of fund managers’
Staits Times – Talk that tougher regulation of hedge funds and other financial firms in Europe is driving talented staff from Britain to Asia is premature, according to the Lord Mayor of the City of London. Mr Nick Anstee, who […]
Asia private banks favour event-driven hedge funds
Reuters – Private banks are recommending that clients allocate more money to hedge funds, in particular event-driven funds that will benefit from an expected surge in mergers and acquisitions and debt restructuring. Unlike in 2009 when stocks rallied across the […]
David Roskoph: An American Renaissance Intensifies
New York (David Roskoph) – One year ago I wrote “An American Renaissance: Capitalism Is Alive and Well” which highlighted the positive structural changes occurring as a result of the Modern Depression: a dose of reality for the (formerly) tragedy-of-the-commons […]
Silk Invest To Launch Frontier Fund Including Pakistan Reigon
New York (HedgeCo.net) – Specialist asset management boutique Silk Invest has announced the launch of a new UCITS III frontier fund, The Silk Road Equities fund, which will invest in Africa, the Middle East and the Caucasus and Caspian region. […]
GLG’s Lagrange brings superstar culture to Man
Reuters – Long-haired art lover Pierre Lagrange is symbolic of the informal, star manager culture that Man Group is seeking to acquire with a $1.6 billion purchase of GLG. The softly-spoken Belgian, co-founder and senior managing director at GLG, is […]
Uneasy Investors Buy Funds That Short Stocks
The Street – How can you cope with falling markets? More investors are turning to funds that sell short or use other techniques employed by hedge funds. Top short-selling funds have demonstrated that they can limit losses in downturns and […]
Financial Overhaul Bill Poses Big Test for Lobbyists
NYT – Last Wednesday, Representative David Scott, Democrat of Georgia, mingled with insurance and financial executives and other supporters at a lunchtime fund-raiser in his honor at a chic Washington wine bar before rushing out to cast a House vote, […]
2 Year Sentence in Galleon Hedge Fund Insider Trading Case
New York (HedgeCo.net) – The Wall Street Journal reports that Mark Kurland, former partner at hedge fund New Castle Funds LLC was sentenced to over two years in prison (27 months). Kurland pled guilty to insider trading in January with […]
Hedge Funds Sell Crude Fastest in Eight Months: Energy Markets
BusinessWeek – Hedge funds sold oil at the fastest pace in almost eight months, cutting their bullish bets by 32 percent as crude prices plunged on concern Europe’s debt crisis will hurt energy demand. The speculative net-long position in crude […]
Financial Overhaul Bill Poses Big Test for Lobbyists
NYT – Last Wednesday, Representative David Scott, Democrat of Georgia, mingled with insurance and financial executives and other supporters at a lunchtime fund-raiser in his honor at a chic Washington wine bar before rushing out to cast a House vote, […]