Tag Archives: hedge fund
Swindler pays for faking death
The London Free Press – A hedge-fund swindler who faked his own death in an effort to skip out on a 20-year prison term was sentenced yesterday to two extra years. Federal Judge Kenneth Karas said Samuel Israel III was […]
Meiji Yasuda, With $244 Billion, to Cut Hedge Funds Holdings
Bloomberg – Meiji Yasuda Life Insurance Co., with 23 trillion yen ($244 billion) in assets, said it will cut its investments in hedge funds this year as it switches to investments with steadier returns. Japan’s third-largest life insurer will reduce […]
Appeals Court Dismisses Fraud Charges Against Hedge Fund Advisor Hennessee Group
HedgeCo.net (West Palm Beach) – The U.S. Court of Appeals affirmed a district court’s decision that also dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. Judge Colleen McMahon of the U.S. District Court […]
Judge could give hedge swindler more than 18 months for skipping out on prison
Chicago Tribune – The judge who is sentencing hedge-fund swindler Samuel Israel III for skipping out on prison may want to make an example of him. Israel admitted in March that he faked his suicide and jumped bail last year […]
Lehman’s U.K. Administrator Seeks to Return Hedge-Fund Assets
Bloomberg – Lehman Brothers Holdings Inc. may return hedge-fund assets as soon as next year that were frozen when the New York-based securities firm collapsed in the largest bankruptcy on record. PricewaterhouseCoopers, Lehman Brothers International Europe’s administrator, plans today to […]
MFA Commends CCP Working Group Report
HedgeCo.net (West Palm Beach) – Press Release – Hedge fund, funds of funds and managed futures funds group, the Managed Funds Association (MFA) has commended the working group paper, “Report to the Supervisors of the Major OTC Derivatives Dealers on […]
Former Morgan Stanley Traders Launch Commodity Trading Advisor
HedgeCo.net (West Palm Beach) – Cinneas Foreign Exchange LLC, an alternative investment management firm specializing in momentum based trading in the foreign exchange market, have announced the launch of a Commodity Trading Advisor (CTA). The Cinneas investment process combines technical, […]
Highbridge multi-strategy fund rises 20 percent
Reuters UK – Highbridge Capital Management, one of the world’s biggest hedge fund firms, saw its flagship fund rise 20.5 percent in the first half of the year, according to an investor letter, as performance in the industry rebounds. Highbridge’s […]
From Peloton To Profit
Forbes – A year ago, Conrad Levy was a player in one of the most spectacular blow-ups in hedge fund history. Peloton Partners, the fund at which Levy was chief compliance and operating officer, collapsed after an outsized bet on […]
Highbridge multi-strategy fund rises 20 percent
Reuters UK – Highbridge Capital Management, one of the world’s biggest hedge fund firms, saw its flagship fund rise 20.5 percent in the first half of the year, according to an investor letter, as performance in the industry rebounds. Highbridge’s […]