Author Archives: the HedgeCo News Team
US regulators probed Madoff eight times over 16 years
MSN Money UK – Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal […]
Candace Bushnell Hates Hedge Funds
Forbes – It’s been foul weather for hedge-heads. Redemptions are rampant, performance is drooping, the Securities and Exchange Commission briefly banned short-selling, and Congress summoned them to do some ‘splaining. But the really bad stuff is yet to come. Hedge […]
Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades
Bloomberg – Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in […]
Success of managed futures is a mixed bag
Chicago Tribune – Strong returns are a mixed blessing this year for investment funds that specialize in trading futures contracts. While the stock market plunged about 35 percent, managed futures funds posted annual returns of about 16 percent, according to […]
Altos Places Hedge Fund Shareholders on Board
West Palm Beach (HedgeCo.net) – French IT services group Atos Origin is holding a shareholder meeting on Feb. 10, making board changes and initiating a plan to speed up recovery spearheaded by its new chief executive Thierry Breton. Atos Origin […]
Kevin Bacon, Kyra Sedgwick among Madoff victims
Globe Gazette – Kevin Bacon and wife Kyra Sedgwick are among the many victims of the massive Ponzi scheme run by the disgraced New York money manager. Bacon’s publicist, Allen Eichhorn, confirmed Tuesday that the couple had investments with Madoff. […]
New Year to Change Hedge Funds
Markets Media News – The New Year is likely to see several important shifts in alternative investing, according to Don Steinbrugge, managing partner of Agecroft Partners, a global consulting and third-party marketing firm for hedge funds. Steinbrugge said during the […]
James Chanos Says Hedge Funds Face Regulation: Year in Review
BloombergThe financial wreckage of 2008 has left no part of our country untouched. It exposed the bankruptcy of business models employed by mortgage companies, investment banks, and rating agencies as well as the flaws of innovations such as structured finance […]
Asia’s bull run ends in 2008 with record falls
Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange. Many Asian hedge funds, meanwhile, took a drubbing […]
Journal of a Plague Year: Faith in Markets Cracks Under Losses
Bloomberg – It has been a year of record misery: the largest bankruptcy, bank failure and Ponzi scheme in U.S. history; $720 billion in writedowns and losses by financial institutions; $30.1 trillion in market valuation wiped out. The biggest loss […]
Diversity failed? there’s always stock risk
Tacoma News Tribune – It was a year of disillusionment, betrayal and excruciating pain for investors. Wall Street got investing so wrong that the financial system needed an emergency $700 billion transfusion of taxpayer money to avoid collapse, and investors […]
Paulson Not on Board with Redemption Restrictions
New York (HedgeCo.Net) – John Paulson, head of hedge fund firm Paulson & Co., recently spoke his mind on the wave of redemption freezes that many managers have chosen to impose. “We think it’s a mistake for our managers to […]