Author Archives: the HedgeCo News Team
SEC seeking Nadel papers
Herald Tribune – The U.S. Securities and Exchange Commission is pressuring a Sarasota attorney to hand over documents for property deals tied to hedge fund manager Arthur G. Nadel and others. Attorney R. Craig Harrison will seek a protective order […]
Australia Extends Short-Selling Ban, Fears Hedge Funds
New York (HedgeCo.Net) – Australian regulators have extended the ban on short-selling, saying the move was in the “national interest” of the country. As large national banks prepare to release their profits in the wake of more write-downs and rising […]
A fund manager who protested too much
Globe and Mail – When Mark Bloom was arrested last week in New York for allegedly bilking clients of North Hills Fund, the case marked a new low in the hedge fund world. Not just because Mr. Bloom had allegedly […]
Hedge funds increase punts against UK betting firms
Wealth Bulletin – In a wry turn of events, hedge funds have increased their bets against UK bookmakers six-fold, placing more money on falls in shares of companies which themselves profit from speculators punting on the wrong outcome. William Hill […]
Icahn Puts Another $250 Million Into His Fund
New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to […]
GM warns it may be forced into bankruptcy
Reuters – General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash. The "going concern" warning from the struggling U.S. […]
Texas Hedge Fund Manager Bilks $10.9 Million From 250 Investors
New York (HedgeCo.Net) – Hedge fund manager Ray M. White and his company, CRW Management, LP, have been charged today by the Commodity Futures Trading Commission of swindling at least $10.9 million from over 250 investors through an alleged Ponzi […]
Fed Approves Intercontinental Credit-Default Swap Clearing Plan
Bloomberg – Intercontinental Exchange Inc.’s bid to be the top U.S. guarantor of credit-default swap trades won Federal Reserve approval, leaving the Securities and Exchange Commission as the futures market’s final regulatory hurdle. Intercontinental and larger rival CME Group Inc. […]
Former Merrill execs invested in Madoff funds
Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]
FSA faces multimillion claim for failing to stop Terry Freeman trading
Times Online – The Financial Services Authority is facing a multimillion-pound compensation claim from a group of investors who say that the City watchdog failed to stop the activities of a suspected rogue trader. Former clients of GFX Capital Markets, […]