Tag Archives: hedge fund
Hedge fund millionaire trumps offer for Panmure
Reuters UK – Hedge fund millionaire Bertrand des Pallieres’s SPQR Capital has launched a bid to trump BlueGem Water’s proposed stake building in stockbroker Panmure Gordon & Co. SPQR said that, via vehicle P.G. Holdings, it proposed to take part […]
Hedge fund AUM below $1 trillion: New Finance Capital
Reuters – Hedge fund assets under management around the world have probably fallen below $1 trillion, a top executive at hedge fund New Finance Capital LLP (NFC) said on Thursday. "There has been an enormous contraction in this industry. The […]
Madoff buddy, Ezra Merkin, sued over plunder from Ponzi scheme
New York Daily News – Ezra Merkin should have known better, a lawsuit claims. The Park Avenue hedge fund king funneled investments to Bernie Madoff and received millions in fees Merkin knew were the spoils of a massive Ponzi scheme, […]
MassMutual unit told to return funds from Madoff
Boston Globe – The trustee in the bankruptcy case of swindler Bernard L. Madoff has told a hedge fund business owned by Massachusetts Mutual Life Insurance Co. to return money that it received from Madoff over the past six years. […]
SEC’s Salvo In The New War Against Insider Trading & Credit Default Swaps
24/7 Wall St. – According to a civil suit filed today by the Securities Exchange Commission in the Southern District Court of New York, John-Paul Rorech, a bond salesman at Deutsche Bank Securities, and Reanto Negrin, a former portfolio manager […]
Fund firm behavior faces state scrutiny
Boston Globe – Secretary of State William F. Galvin is investigating Massachusetts Mutual Life Insurance Co.’s relationship with a hedge fund operation that lost $3.3 billion to admitted swindler Bernard L. Madoff. Galvin, who oversees the state Securities Division, said […]
Einhorn’s Greenlight Hedge Fund Purchases Ford Debt
Bloomberg – Greenlight Capital Inc., the hedge- fund firm run by David Einhorn, added to its holdings of Ford Motor Co. debt in the first quarter and invested in EMC Corp., Harman International Industries Inc. and Pfizer Inc. The hedge […]
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 […]