Tag Archives: barings

French Trader Detained After Losing $1 Billion

New York (HedgeCo.Net) – French officials have arrested a trader who allegedly lost more than $1 billion in complex derivative trades.  Boris Picano-Nacci of mutual bank Caisse d’Epargne was taken in for questioning last week, days after the loss forced […]

Rogers Hires Two People for Fund of Hedge Funds, Expects Growth

Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based hedge fund adviser, has hired Yoshiaki Iizuka and Eric Chong as it expects to more than double assets by the year-end. Iizuka, 52, joined Rogers Investment on Aug. 1 as a managing […]

Top firms line up as SocGen kicks off review

Legal Week – French banking giant Societe Generale (SocGen) is reviewing its global panel of legal advisers, with a raft of City and international firms applying to be considered. Firms will be appointed to the panel for a three-year period […]

Tri Global FX Launches FOREX Fund

West Palm Beach (HedgeCo.net)- Recent news from Reuters shows that there is a booming interest in foreign exchange markets. According to the article, FX traders are seeing an increasing demand from institutional players, pension funds, and corporations. However, searching the […]

Merrill Lynch Probes Trading Desk

Bloomberg – Merrill Lynch & Co., the third- largest U.S. securities firm, is probing one of its trading desks in London and has suspended a trader after discovering he may have overstated the value of some of the bank’s equity […]