Tag Archives: hedge fund
Hedge Fund Settles Madoff Suit
News Inferno – One hedge fund has agreed to reimburse its investors who were swindled in the historic Ponzi scheme orchestrated by the disgraced, now jailed, financier, Bernard Madoff. The hedge fund—Fairfield Greenwich Advisors—apparently moved money to Madoff, said Boston.com, […]
Madoff recorded coaching witness to outsmart SEC
Yahoo News – Madoff dismissed an SEC investigation as a “fishing expedition” and highlighted how investigators develop cozy relationships with firms they are supposed to regulate. “The guys … ask a zillion different questions and we look at them sometimes […]
Hedge funds attract $4.5 billion in Aug 2009
New York (HedgeCo.net) – Preliminary reporting from Eurekahedge finds that August marks the 6th consecutive month of positive returns for hedge funds (up 13.1% YTD); hedge funds up 2.6% for the last 12 months, while the MSCI AC World Index […]
Peak Oil Investing Hedge Fund Launch
New York (HedgeCo.net) – Hedge fund investor, logi ENERGY LLC., has announced the formation of The Peak Oil Value Fund. Launched September 8, the new hedge fund is the first of its kind aimed at institutional and accredited investors. “We […]
Omnium: The New Standard in Hedge Fund Administration
New York (Press Release) – Citadel Solutions announced today that it has changed its name to Omnium, effective immediately. This name change reflects the continuing evolution of the state-of-the-art hedge fund administrator, which has grown significantly since it began in […]
SAC Hires Back Two Hedge Managers in London Let Go Months Ago
Bloomberg – SAC Capital Advisors LLC, the $14 billion hedge-fund firm run by Steven Cohen, rehired two London money managers nine months after they were let go, according to three people familiar with the situation. David Morant and Ben Halfacre […]
Geneva Funds of Hedge Funds Outflows Outpace Global Redemptions
Bloomberg – Geneva funds of hedge funds have failed to repair the damage caused by market losses and Bernard Madoff as investors withdrew money four times faster than the global average in July. Withdrawals climbed to $2 billion from $500 […]
Dutch pension funds criticise EU hedge fund rules
Reuters UK – The Dutch pension fund sector has joined criticism of a European Union regulatory directive for hedge funds and private equity, saying the new rules may cut investment opportunities and raise costs. The EU’s draft “Alternative Investment Fund […]
Katana’s Hedge Fund Bets on Coal Producers, Asset Managers
Bloomberg – Katana Capital Ltd., manager of Australia’s fifth-best performing hedge fund this year, is betting on coal as growth in China and India fuels energy demand. “Australia is in a lot of respects the Saudi Arabia of the coal […]
Threadneedle Aims for $1 Billion Increase
The New York Times – Threadneedle Asset Management is seeking to increase its commodity fund to as much as $1 billion in the next two years, Bloomberg News reported. The London-based hedge fund, which oversees assets of $79.6 billion, is […]
D.C.’s prestige takes bite out of Big Apple
Washington Times – “New York still has the best connections to the rest of the world,” said Gerald Hanweck, professor of finance at George Mason University. “Wall Street is still there.” And many of the brightest minds on Wall Street […]
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 […]