Tag Archives: news-press
Shorts Are In a Bind
New York Post- If the Securities and Exchange Commission expands its clampdown on short-selling, it is widely expected to slam hedge funds like Stephen Cohen’s SAC Capital and James Simon’s Renaissance Technologies, which profit from fast-and-furious trading, experts predicted. That’s […]
Hedge fund buys 5.3 percent of RadioShack stock
Fort Worth Star Telegram- Citadel Investment Group is bullish on RadioShack, buying 6.9 million shares, or 5.3 percent of the electronics retail chain’s stock, according to a federal filing Monday. With the purchase, the Chicago-based hedge fund becomes the fourth-largest […]
US lawyers busy as hedge funds face scrutiny
Reuters- It’s turning into a busy summer for U.S. lawyers who advise hedge funds as the industry faces growing questions about potentially manipulative trading and regulators are knocking at fund managers’ doors. With the markets in turmoil, the loosely regulated […]
SEC Intensifies Efforts To Rein In Short Selling
Wall Street Journal- Wall Street executives expect the Securities and Exchange Commission to extend the temporary limits it has placed on short-selling and expand them to cover additional stocks beyond the 19 financial companies it targeted two weeks ago. The […]
Hedge fund buys 6.9% stake in Gaylord
Nashville Tennessean- A filing made with the Securities and Exchange Commission Thursday revealed another institutional investor who placed large bets on shares of Nashville-based Gaylord Entertainment as its stock price drifted to new lows almost two weeks ago. New York-based […]
Gupta removed as InfoGROUP chairman
Miami Herald- Database provider InfoGROUP Inc. said Tuesday it has removed founder Vin Gupta as chairman, citing excessive corporate expenditures and expense reimbursements. The changes are the result of an internal investigation, which came in response to an ongoing Securities […]
SEC Rumor Watch Draws Skepticism
New York Post- Wall Streeters who suspect that hedge funds are behind false rumors about Lehman Brothers and other banks say they’re skeptical that regulators will be able to find and punish those responsible. "I would love to have someone […]
SEC mounts attack on the rumor mill
Boston Globe- The Securities and Exchange Commission yesterday said that it and other regulators would begin examining rumor-spreading intended to manipulate securities prices. The timing of the announcement, made before the markets opened in Asia, was meant to warn broker-dealers, […]
Hedge fund SAC Capital cuts stake in Take-Two
Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent. The fund did not give a reason for the recent stock sales in a filing […]
Pasternak Cleared of SEC Trading-Fraud Allegations
Wall Street Journal- A federal judge said the Securities and Exchange Commission didn’t prove that former Knight Equity Markets chief Kenneth Pasternak defrauded the firm’s clients. In an oral opinion Thursday, U.S. District Court Judge Joel Pisano said that witness […]
SEC to probe Bear Stearns trading data
Reuters- Bear Stearns Cos plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street […]
Toronto Hedge Fund Takes Big Stake In ‘Sun-Times’ Parent
Editor & Publisher – Polar Securities, a Toronto-based hedge fund, disclosed Tuesday that it has purchased a big stake in troubled Sun-Times Media Group (STMG). In two filings with the U.S. Securities and Exchange Commission (SEC), Polar said it has […]
