Tag Archives: hedge funds
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, […]
UK Hedge Fund Manager Sought
New York (HedgeCo.net) – The London Metropolitan police are considering launching an investigation into the whereabouts of Nicholas Levene, who is being accused by investors of disappearing with their money. The Guardian reports that at least £70 million ($114 million) […]
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. […]
Hedge Fund Manager Gets 7 Years For Fraud
New York (HedgeCo.net) – Hedge fund manager Michael C. Regan was sentenced in a federal court in Brooklyn, N.Y. to seven years in prison for fraud. Just last June, Regan settled charges with the SEC on another of his hedge […]
Fund inflows gather pace in Sweden
CityWire – During the first three quarters of 2009 the total net inflow into investment funds amounted to SEK 70 billion (€6.8 billion) (over $10 billion). September became the tenth month in a row for net fund inflows. Equity funds have received the bulk […]
Hedge Fund Manager’s Email Scrutinised For Knowledge of Downturn
New York (HedgeCo.net) – The jury selection has begun for the trial of two former Bear Stearns hedge fund managers, Matthew Tannin and Ralph Cioffi, over the alleged hedge fund securities and wire fraud. Although the prosecution alleges that the […]
Shell Fund to Expand Alternative Investments
Wall Street Journal – One of the U.K.’s biggest pension plans is moving forward with a strategy to invest hundreds of millions of pounds in alternative assets, potentially including hedge funds for the first time. The £10.6 billion ($16.8 billion) […]
Hedge Funds Up In September Despite 3Q Risks
New York (HedgeCo.net) – Despite rich equity market multiples and uncertainty surrounding the upcoming 3rd quarter earnings reports, Hennessee Group said that hedge fund investors continued to pile into stocks due to an uptick in merger activity during September. The […]
Hedge funds and clones
LiveMint (WSJ) – After the global financial meltdown of the last year, hedge funds have been under considerable stress globally. The operations of all such funds have been viewed as being non-transparent, not subject to regulatory oversight, and high-risk, high-return […]
Cioffi, Tannin Face U.S. Jury Over Bear Stearns Funds Collapse
Bloomberg – Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin are either responsible for triggering a $1.4 billion hedge fund implosion or are scapegoats for a government eager to affix blame for it. Jurors selected for […]
Boris Johnson accused over hedge funds’ election donations
Guardian.co.uk – Boris Johnson, who is leading the fight against a European crackdown on City financiers, faced accusations of being “bought off” today, when it emerged that more than half the money donated to his mayoral campaign came from the […]
