Tag Archives: connecticut


Diploma suit by Conn. hedge fund scammer dismissed

Hartford Courant – A federal judge has dismissed a lawsuit by a man convicted of running a hedge fund scam in Connecticut who claimed New York University owed him a diploma. Hakan Yalincak (yal-in-SACK’), an NYU undergraduate, was sentenced in […]

Connecticut Hedge Fund Bill Shelved

On Wall Street – A Connecticut bill that would have imposed transparency and licensing requirements on hedge funds failed to be signed into law Wednesday when the state house of representatives ran out of time to vote on the measure. […]

Hedge Fund Prime Brokerage Provider Expands To Chicago

West Palm Beach (HedgeCo.net) – NorthPoint Trading Partners, LLC has opened a new office in Chicago, IL., with 12 year industry veteran, Michael Ferro, as head. Ferro has held positions at Genworth Financial, Knight Capital Markets, and X-Change Financial Access. […]

Hedge fund proposal dies in legislature

Stamford Advocate – Although it had bipartisan support, a bill requiring hedge funds operating in Connecticut to disclose conflicts of interest to investors died in the House of Representatives Wednesday, the final day of the 2009 legislative session. "It ‘blew […]

VP Biden Hedge Fund Scandal: Why There’s Nothing Anyone Can Do To Prevent It

BNET – A hedge fund Ponzi scheme scandal is breaking in the blogosphere – and it goes right to the top of political power.  A little while ago, blogger John Hempton, who writes Bronte Capital, a finance blog, started sniffing […]

US Town Claws Back £17m Of Madoff Assets

Sky News – A US town has edged closer towards clawing back its losses to Wall Street swindler Bernard Madoff, securing a court order for £17m in assets. The town of Fairfield in Connecticut suffered losses of about £28m from […]

White House ponders: Are some hedge funds too big to fail?

<!– @page { margin: 2cm } P { margin-bottom: 0.21cm } –> Marketwatch – When the $9.2 billion Connecticut hedge fund Amaranth Advisors collapsed in 2006, securities attorneys jumped all over each other to express gleefully how the markets absorbed […]

Hedge fund manager Fairfield Greenwich charged over Madoff fraud

Times Online – Fairfield Greenwich, the hedge fund manager founded by socialite Walter Noel, became the first fund that invested with disgraced fund manager Bernard Madoff to be charged with fraud. William Galvin, Massachusett’s Secretary of State, today accused the […]

Connecticut’s “Rodeo Drive” Abandoned as Hedge Funds Collapse

Bloomberg – Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping strip of the U.S. hedge-fund capital, used to be a challenge. Not anymore. With the recession hammering retail sales, empty curbside spaces abound […]

Aviva moves to stop lending shares to hedge funds

Insurance giant Aviva could end  the practice of lending shares to hedge funds in a move against short-selling. Aviva shares were battered on the stock market earlier this month – losing 40pc of their value in two days – amid […]

Hedge fund sheds Sonesta shares

Bizjournals.com – After watching Sonesta International Hotels Corp. lose roughly 70 percent of its stock market value over the past 18 months, a Connecticut hedge fund has shed roughly a third of its holdings in the Massachusetts-based hotel operator. In […]

Probe Says: IRS, Major Banks Helped Offshore Hedge Funds Avoid Billions in Taxes

New York (HedgeCo.Net) – A year-long probe launched by a U.S. Senate Committee has discovered that numerous Wall Street banks have assisted offshore hedge funds in evading millions of dollars in U.S. taxes.  The Permanent Subcommittee on Investigations has concluded […]