Category Archives: Developing Stories
Novum Statement on FSA Insider Trading and Hedge Fund Fraud Case
New York (HedgeCo.net) – The Financial Services Authority (FSA) visited the offices of independent UK securities stockbroker, Novum Securities, on the 23 of March in relation to an investigation into a single member of Novum’s staff, who has been with the […]
Morgan Stanley Loses 6 Senior Traders To Hedge Funds
New York (HedgeCo.net) – Marcin Wiszniewski, a 14 year veteran of Morgan Stanley has quit his job to join the $18.3 billion hedge fund, BlueCrest Capital Management, the Wall Street Journal reports. Wiszniewski joins the London hedge fund May 10, […]
Moore and Deutsche Bank Targeted in London Hedge Fund Raid
New York (HedgeCo.net) – London $14 billion hedge fund, Moore Capital Management was raided yesterday in the crackdown on insider trading, the New York Times reported. In their first joint operation the Financial Services Authority (FSA) and the Serious Organised […]
UCITS Hedge Fund Strategy Index up 0,93% in First Two Weeks of March
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy Index gained 0,93% within the first two weeks in March 2010, every strategy except fixed income and market neutral were positive, Global macro not only being the most successful strategy in […]
Clients Leave As Horseman Hedge Fund Manager Resigns
New York (HedgeCo.net) – When hedge fund founder and manager John Horseman stepped down from his position as CEO of Horseman Capital, his clients pulled out with more than half of the hedge fund’s assets, Reuters reported. Horseman’s flagship fund […]
Hedge Funds & the Brokered CD Market
New York (HedgeCo.net) – Hedge fund managers can use the brokered CD market for cash management according to attorney Stephen M. Goodman, a partner with New York law firm Pryor Cashman. “Brokered CDs are used in cash management to provide […]
Hedge Fund Muse Louis Wolfson’s Bio Completed
New York (HedgeCo.net) – Perilune Pictures, a startup film company based in Savannah, Georgia, is scheduled to release the film “L.E.W.,” a documentary based on the life of America’s first corporate raider Louis Wolfson. Wolfson is credited with creating the […]
Florida Hedge Fund Manager Nadel Pleads Guilty in Ponzi Scheme
New York (HedgeCo.net) – Former hedge fund manager Arthur G. Nadel has pled guilty to 15 counts of securities fraud, mail fraud, and wire fraud, the US attorney for the southern district of New York said. The indictment claims that […]
Galleon Hedge Fund Case May Claim 10th Guilty Plea
New York (HedgeCo.net) – In the case of U.S. v. Hariri, former Atheros Communications Inc. Vice President Ali Hariri has waived his right to a grand jury indictment, according to a Reuters report. If Hariri pleads guilty, it will become […]
Hedge Fund Fraud Case Postponed Until After Civil Suit
New York (HedgeCo.net) – The date has been set for hedge fund founder Raj Rajaratnam’s criminal suit. New York Judge Richard Holwell has delayed it till Oct. 25, 2010. “Ensuring a full opportunity for both sides to litigate all the […]
Investors Questioning Economic Recovery
New York (HedgeCo.net) – Investors are positioning themselves for halts in both Europe and China’s economic recovery, according to the BofA Merrill Lynch Survey of Fund Managers for February. Investors have scaled back their growth expectations, retreated into cash and […]
Update: Consultancy Company Offers Fine Wines to Alternative Investors
New York (HedgeCo.net) – Premier Red Fine Wines are showcasing their latest wine investment performance figures to alternative investors. The leading wine consultancy company says their investment performance figures indicate that wine has staying power as one of the leading […]