Monthly Archives: January 2012
The Worst Footnote of 2011: Leo Apotheker’s Golden Parachute
New York (HedgeCo.net) – Footnoted, the business blog that unearths information buried deep in companies’ public filings, named the nominees for its annual “Worst Footnote of the Year” contest. The votes are in, and Footnoted’s readers selected former Hewlett-Packard CEO […]
Hedge Funds Raise Bullish Raw-Material Bets Most in 16 Months: Commodities
Bloomberg – Speculators increased wagers on rising commodity prices by the most since August 2010 on signs that sustained economic growth will drive a rebound in raw materials from their first annual slump since the recession. Hedge funds and other […]
Hedge funds’ bets against euro hit record
NY Post – Hedge funds beefed up their bets against the euro to a record level in the last week of 2011, increasing pressure on the embattled European common currency as it enters the most testing year of its history. […]
Lazy Portfolios lose to Senators’ hedge fund
MarketWatch – “While millions of Americans saw their incomes decrease, their job opportunities dissipate and their home values drop as the economy dipped,” reports ABC News, “the 535 men and women they elected to represent them in the U.S. Congress […]
Convicted Ex-Lawyer Scott Rothstein Says That Funds Didn’t Warn Investors
Bloomberg – Scott Rothstein, the Florida lawyer sentenced to 50 years in prison for running a $1.2 billion Ponzi scheme, said officials at three Manhattan hedge funds helped him prop up the fraud in its final months, according to transcripts of […]
Hedge Fund Weather Report for 2012: Mostly Cloudy
All About Alpha – Aureliano Gentilini and Massimo Maurelli, two managing partners of Mathema S.R.L., an Italy-based consultancy, have prepared a report on the Global Investment Outlook, as of December 2011 aimed at potential hedge fund investors, and broken down […]
Ex-Lawyer Rothstein Testifies Fund Managers Aided Ponzi Scheme
Bloomberg – Scott Rothstein, the Florida lawyer sentenced to 50 years in prison for running a $1.2 billion Ponzi scheme, said officials at three Manhattan hedge funds helped him prop up the fraud in its final months, according to transcripts […]
High-end doggy day care: No downsizing for Fido
USA Today – Drafted by the Carolina Panthers after an Ivy League education, Mitch Marrow had planned on a career playing in the National Football League. But a serious back injury cut short his dream. Now, after more than a […]
European banks’ exposure to India may add up to 15% of GDP
India Express – Policy-makers in New Delhi and Mumbai are not convinced, but global investment banks and hedge funds with significant interests in India, are deeply concerned that a blowing over of the European sovereign debt crises will adversely impact […]
Cable refuses to back knighthood for Tory hedge fund millionaire who made money from fall of Northern Rock
Daily Mail – The row over the honour for hedge fund trader and Tory donor Paul Ruddock intensified last night after Business Secretary Vince Cable refused to endorse the award. Asked if he supported David Cameron’s decision to approve Mr […]
Comment: The Alternative Investment Management Association On Hedge Fund Regulation
New York (HedgeCo.net) – The global hedge fund industry is not ‘un-regulated’ or lightly-regulated. Hedge fund managers are already rigorously regulated in all the main jurisdictions in which they operate, and significant new regulation is being introduced internationally. That’s according […]
The Tribune, other papers, in hedge fund’s hands
The Salt Lake Tribune – The newspaper industry knows little about the inner workings of Alden, a hedge fund that has been quietly making investments in distressed media companies for three years, while its representatives repeatedly ignore requests for interviews. […]