Author Archives: the HedgeCo News Team
SUMMIT-SNAP ANALYSIS-G20 adds flesh to regulatory bones
CNN Money – They are finally getting more serious on regulation. But success will hinge on delivery, not just detail. The G20 summit in London will adopt a more detailed approach to overhauling the world’s financial rules in a bid […]
US hedge funds worry about expected new rules
CNN Money – For years, U.S. hedge fund managers have worried that their loosely regulated and secretive industry would one day face tougher regulations. Now that day seems to be here. "It was inevitable that this would happen," said Brad […]
Funds Tied to Madoff in Legal Vise
Gainesville Sun – As Bernard L. Madoff waits in jail to be sentenced, legal problems are accumulating for some of the hedge fund managers who helped him raise billions of dollars from around the world for what he now admits […]
Paineiras Hedge Fund Buys Brazil Bonds on Economy
Bloomberg – Theodoro Messa’s Paineiras Hedge FIM hedge fund beat 96 percent of its peers this year on bets Brazilian bond yields will fall as the central banks slashes borrowing costs to shore up Latin America’s largest economy. Messa is […]
Hedge fund manager Fairfield Greenwich charged over Madoff fraud
Times Online – Fairfield Greenwich, the hedge fund manager founded by socialite Walter Noel, became the first fund that invested with disgraced fund manager Bernard Madoff to be charged with fraud. William Galvin, Massachusett’s Secretary of State, today accused the […]
N.Y. hedge-fund manager accused of Ponzi scheme
Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances. Stein, who […]
Seattle Scam Targets Church Members, Senior Citizens
New York (HedgeCo.Net) – The Securities and Exchange Commission has charged John H. Min and his company, Dime Financial Group LLC, in an investment scheme targeting churches and senior citizens. The Tacoma, Washington resident was accused of bilking over $6 […]
BHP browsing, new bid for Rio doubtful
Alibaba News Channel – Fresh speculation has swirled about mining giant BHP Billiton resurrecting a takeover bid for rival Rio Tinto, but such a move is unlikely before Rio repairs its balance sheet. BHP, which has the most robust balance […]
GCI Plans New Hedge Fund to Snap Up Hybrid-Security Bargains
Bloomberg – GCI Asset Management Inc., a Japanese hedge fund with 26 billion yen ($265 million) in assets, said it will start a new fund to snap up bargains in hybrid securities that combine debt and equity. The new fund, […]
Hedge Fund Shareholders Seek Legal Action in Canada
West Palm Beach (HedgeCo.net) – A former hedge fund shareholder of Canadian securities company, Capital Units of Oil Sands Split Trust, is taking legal action regarding the Trust’s Special Annual Retraction that occurred in December, 2008. The hedge fund said […]