Monthly Archives: February 2011
Hedge Fund Survey: Brokers to Spend $206 Million in 2011 on New Surveillance Programs
New York (HedgeCo.net) – With the financial services industry being overhauled under Dodd-Frank and MiFID II, new research from TABB Group estimates that regulatory changes will lead hedge funds across the US and Europe to spend $206 million in 2011 […]
U.K. Freezes Gadhafi Assets
WSJ – The U.K. froze the assets of Col. Moammar Gadhafi and his family a day after the United Nations imposed sanctions on Libya. On Sunday, Britain froze the assets of Col. Gadhafi, his daughter and four sons, including Seif al-Islam […]
DCA Global Raises $58.4M for Hedge Fund
CityBizList – DCA Global Investment Management has raised $58.38 million from 83 investors for the DCA Diversified Alternatives Portfolio, a hedge fund, according to an amended SEC filing. Last year around this time, the fund had taken in $51.66 million […]
Bullish Gold Bets Rebound in February as Mideast Tensions Mount
Bloomberg – Hedge funds boosted their bullish bets on gold to the highest since December, when the precious metal was headed to a record price, as tensions in the Middle East spurred investor demand for a haven. Managed-money funds held […]
Hedge Fund Wiretap Evidence To be Used In Galleon Case
New York (HedgeCo.net) – Federal judge Judge Richard Holwell ordered that hedge fund founder Raj Rajaratnam has to hand over the taped evidence to be used against him at the March 8 trial, Reuters reported today. The hedge fund founder was given […]
Hedge Funds’ Bets Soar on Libya
Bloomberg – Hedge funds raised bullish oil bets to a record as violent clashes in Libya curbed output from Africa’s third-largest producer, driving crude to $100 a barrel for the first time in more than two years. Muammar Qaddafi’s standoff […]
Activist Hedge Fund Managers Eye CEOs Sitting on Piles of Cash
Emii – They’re back. Activist hedge fund managers, who agitate to force out entrenched company managements, are in fighting form for the 2011 proxy season and stalking companies hoarding cash. “You’re seeing more attention paid to activism, given corporate balance […]
SEC Taps Hedge Fund IM Platform: Charge Pair In $440 Million `Portfolio pumping´
New York (HedgeCo.net) – The SEC has charged two securities professionals, a hedge fund trader, and two firms involved in a scheme that manipulated several U.S. microcap stocks and generated more than $63 million in illicit proceeds. The SEC recorded […]
Dow Jones Islamic Markets in February: Lessons from the turmoil
It is of no surprise that the Dow Jones Islamic Market Index (DJIM) covering Arab stock markets suffered the largest losses in February. Political crisis and civil unrest in Egypt, Jordan, Bahrain, Yemen, Morocco, escalating even to a civil war like in […]
Hedge Fund People Moves: CME Group Announces Managing Director Promotions
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the following promotions, which were effective February 13: Howard Hopkins, Managing Director, Client Development & Sales – Commericals Corporates Hopkins leads the global team responsible for client management, […]
Dow Jones Credit Suisse January Hedge Fund Index Commentary
New York (HedgeCo.net) – Hedge funds, as measured by the Index, successfully capitalized on opportunities across most global markets as equities, credit and commodities markets rallied. Some key findings from the report include: The Index posted positive performance in January, […]
Hedge Fund Fraud: Texas Trader’s Assets Frozen
New York (HedgeCo.net) – The SEC unsealed an emergency court order halting an alleged Ponzi scheme by a hedge fund trader in the Dallas-Fort Worth area. Chris Blackwell is alleged to have sold investments in a phony fixed income trading program. […]