Author Archives: the HedgeCo News Team
The Importance Of Paying Citigroup Bankers Bonuses
24/7 Wall St. – Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury’s reaction will probably be that it wants to […]
Srini Vudayagiri quits Lightspeed Venture Partners
Reuters India – Vudayagiri said he will be transitioning out of Lightspeed by end of this month. Sreenivasulu "Srini" Vudayagiri, an India based Venture Director with Lightspeed Venture Partners, is quitting the venture capital firm. When contacted, Vudayagiri said, "I […]
Hedge clippers
Times Online – They must think it’s Christmas in Geneva. Alistair Darling delivered an early present last week by slapping a 50 per cent tax rate on top earners. Highly paid but footloose financiers are now betting when the rate […]
SEC needs hedge fund authority-Schapiro
Guardian Unlimited – The U.S. Securities and Exchange Commission needs authority to require hedge fund advisers to register with the agency plus the power to examine funds’ books, the agency’s chairman said on Tuesday. U.S. lawmakers are working to give […]
Lawyer in $700M fraud to plead guilty
New York Daily News – Marc Dreier will plead guilty to all charges stemming from the $700 million investment fraud he is accused of carrying out, his lawyer said Monday. Defense lawyer Gerald Shargel said Dreier will enter the plea […]
SEC has about 150 hedge fund probes
Reuters – U.S. securities regulators have about 150 active hedge fund investigations and more than 50 probes involving credit default swaps and other derivatives, Securities and Exchange Commission Chairman Mary Schapiro said on Monday. The SEC also has about two […]
Multi-Million Dollar Hedge Fund Fraud in Connecticut
West Palm Beach (HedgeCo.net) – The SEC has frozen the assets of a Connecticut-based hedge fund manager, alleging that he forged documents, promised false returns, and misrepresented assets managed by the funds to illicitly raise more than $30 million from […]
Managed accounts to cost smaller hedgie clients
Reuters – A switch by some big investors chastened by the Madoff scandal and the credit crisis into managed accounts at hedge fund firms could end up penalising smaller clients in mainstream funds. Managed accounts offer greater visibility and flexibility […]
Middle East investors’ share of hedge fund assets to rise 30%
Saudi Gazette – By end of 2013, Middle East investors will account for about $194 billion in hedge fund assets, or about 7.5 percent of total global hedge fund assets, a new global study of institutional investors, investment consultants and […]
Hedge fund bill to give SEC registration authority
Guardian Unlimited – A U.S. Senate bill to make the $1.3 trillion hedge fund industry more transparent would give federal regulators the authority to require fund managers to register with the Securities and Exchange Commission, one of the bill’s authors […]
Hedge fund investor warns against stock bets
Reuters – Prominent hedge fund investor Mark Yusko on Monday warned endowments against putting the bulk of their money into stocks, arguing that these assets perform only when economies are growing. For years most investors ranging from big institutions to […]
Dow Jones Hires Hedge Fund Manager, Financial Expert
West Palm Beach (HedgeCo.net) – Dow Jones & Company has added London based hedge fund manager Paul Sharma as telecommunications, media and technology columnist, and NY’s award winning Donna Childs, as a financial services columnist. "The appointments of Paul and […]