Tag Archives: hedge fund
Financial Woes Plagued Galleon Informant
New York Times – Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using […]
Hedge fund loses $130 mln on shares held by Lehman
Reuters – Hedge fund Harbinger Capital Partners said on Tuesday it had lost more than a quarter of its stake in sugar maker Tate & Lyle as it has been unable to reclaim them from collapsed bank Lehman Brothers. Harbinger […]
Galleon ‘Not Good News’ for Hedge Funds, Coleman Says
Bloomberg – The Galleon Group insider-trading investigation may sap investor confidence in the hedge-fund industry, already under scrutiny after Bernard Madoff’s Ponzi scheme, said Michael Coleman, chairman of the Singapore chapter of the Alternative Investment Management Association. “It’s obviously not […]
Galleon exec draws judge Rakoff
New York Post – The high-profile insider-trading case against hedge-fund king Raj Rajaratnam of Galleon Group is getting a high-profile judge who’s earned the nickname on Wall Street of Judge Dread. US District Court Judge Jed Rakoff is expected to […]
Hedge fund walls off 2 accused inside traders
Reuters – New Castle Partners LLC, a hedge fund swept up in the biggest insider-trading scandal in years, said co-founder Mark Kurland has taken a leave of absence and that Danielle Chiesi, a consultant, is no longer associated with the […]
Avenue Capital nears deal for China medical firm
Reuters – Hedge fund Avenue Capital is in the final stages of talks to buy a Chinese medical equipment company backed by a unit of Citigroup Inc in a deal worth over $100 million, sources familiar with the situation said […]
Salus Alpha’s perspective on UCITS III Hedge Funds
New York (HedgeCo.net) – Salus Alpha issued a statement regarding the reinvention of the hedge fund sector since last year’s crisis. “UCITS Hedge Funds” are known as a new and innovative concept, but the strategy actually goes back to 2002 […]
RBC Hedge 250 Index returned 2.20% in September 2009
New York (HedgeCo.net) – RBC Capital Markets reported today that the RBC Hedge 250 Index(R) had a net return of 2.20% for the month of September 2009. This brings the year-to-date return of the Index to 17.44%. These returns are […]
UBS Approached by 50 Potential Hedge-Fund Startups
Bloomberg – UBS AG, the largest Swiss bank, has been approached by about 50 potential hedge-fund startups in the Asia-Pacific region as the industry recovers from record losses in 2008. “We are tracking 50 different groups across Asia-Pacific who are […]
Conseco shares soar on hedge-fund investment
Indianapolis Business Journal – Wall Street loves Conseco Inc.’s deal to get a $278 million shot in the arm from a New York hedge fund. Shares of the Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, […]
High water marks still haunt hedge funds
Reuters – Hedge funds have rallied from last year’s stunning losses, yet hundreds of managers remain deep in the hole and face some tough decisions in the coming weeks. The fund industry suffered one of its worst years ever in […]
Geithner Aides Reaped Millions Working for Banks, Hedge Funds
Bloomberg – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. […]
