Category Archives: Developing Stories
Hedge Fund Center Hit By 5.8 Quake
New York (HedgeCo.net) – The Cayman Islands were hit by a 5.8 magnitude earthquake Tuesday at 9:23 am ET, the earthquake took place 30 miles southeast of Grand Cayman Island. The major offshore hedge fund center in the Caribbean maintains […]
Students Keen to Work for Hedge Funds – LSE Head Hunting Conference
New York (HedgeCo.net) – Despite the fact that the global economy and the financial markets are still recovering from the crisis, interest in hedge funds from the cream of the crop of universities and business schools worldwide is stronger than […]
UPDATE: Rajaratnam Attacks Wiretap Evidence In Hedge Fund Case – New Witnesses
New York (HedgeCo.net) – Hedge fund manager Raj Rajaratnam won approval yesterday from U.S. District Court Judge Richard Holwell to stay free on $100 million bail while awaiting trial on his insider trading case. The judge refused to reduce or […]
UK Hedge Fund Manager Launches Green Investment Opportunity
New York (HedgeCo.net) – Future Capital Partners (FCP), the £6 billion ($9.68 billion) hedge fund and alternative investment boutique, has launched a groundbreaking investment opportunity that will allow UK investors to invest in the rapidly growing Renewable Transport Fuels (RTF) […]
Kumar Pleads Guilty in Galleon Hedge Fund Case
New York (HedgeCo.net) – Former senior partner at McKinsey & Co., Anil Kumar, yesterday pleaded guilty to conspiracy, insider trading and securities fraud in the Galleon/Raj Rajaratnam hedge fund fraud case, the U.S. Attorney’s Office said. The prosecution alledged, before […]
Best Gains For Hedge Funds Since 1999
New York (HedgeCo.net) – “Hedge funds experienced their best year since 1999 and were able to perform in line with the traditional equity markets in 2009 despite the strong rally and moderate net exposure,” said Mr. Gradante, Managing Principal of […]
US Fed Doubles Rajaratnam Hedge Fund Allegations
New York (HedgeCo.net) – U.S. prosecutors yesterday filed papers saying Raj Rajaratnam’s profits in the alleged Galleon hedge fund scheme are higher than previously thought. Federal prosecutors doubled the sum to $36 million from the previous allegations of $17 million […]
Marshall Wace To Spend Over $87 Million On Hedge Fund Bonuses
New York (HedgeCo.net) – The hedge fund manager of Eureka Fund, Europe’s largest telecom, media and technology sector hedge fund is set to pay out £54.8 million ($87.6 million) in bonuses, according to UK newspaper The Daily Mail. The hedge […]
Rajaratnam and Chiesi Plead Not Guilty In Hedge Fund Fraud Case
New York (HedgeCo.net) – Hedge fund manager Raj Rajaratnam and executive at New Castle Funds LLC. Danielle Chiesi appeared in Manhattan federal court to plead not guilty to insider trading, conspiracy and securities fraud. The indictment includes 17 counts of […]
UK to Look Into Russia Hedge Fund Corruption Claims
New York (HedgeCo.net) – Commenting on the death of hedge fund Hermitage Capital’s anti-corruption lawyer Sergey Magnitskiy, the U.K. Prime Minister said he was “Deeply concerned to hear of the death,” and, “I welcome the Russian undertaking that there will […]
Khan’s Plea Accepted At Hedge Fund Billionaire Raj Rajaratnam’s Trial
New York (HedgeCo.net) – Hedge fund consultant Roomy Khan made her first public appearance a Manhattan court yesterday, according to Bloomberg. In October of this year, Khan pleaded guilty to a criminal information charging her with conspiracy to commit securities […]
Manager Gets 24 Years In Hedge Fund Fraud Case
New York (HedgeCo.net) – Hedge fund manager Won Sok Lee was sentenced this week by Judge Kenneth Ryskamp on wire fraud charges for his participation in a massive hedge fund fraud scheme, according to the Miami FBI. Lee was sentenced […]