Monthly Archives: January 2010
Intel Manager Linked to Galleon Case Has Left Company
Bloomberg – Intel Corp. said Rajiv Goel, a defendant in the Galleon Group LLC insider-trading case, is no longer an employee at the chipmaker. Chuck Mulloy, a spokesman for Intel, the world’s biggest chipmaker, said he can’t comment on the […]
Hedge Fund Manager Salus Alpha Launches UCITS III Commodity Arbitrage Fund
New York (HedgeCo.net) – UCITS III hedge fund manager Salus Alpha has launched a new Commodity Arbitrage fund which the company believes is an innovation both in the UCITS III and in the hedge fund world. The investment approach of […]
The Forecast for Financials
Fund Observer – In Wednesday’s State of the Union address, President Obama reiterated his plans to propose a tax on some of the country’s largest banks and legislation that could limit their size and restrict certain types of trading. A […]
Wall Street 2: Weee! Hedge Fund Greed Run Amok (trailer)
Movie Review – Michael Douglas is back as Gordon Gekko (in a new trailer), just in time to catch the latest wave of Wall Street greed in the sequel to his 1987 movie. This time, hedge funds are the instruments […]
BlackRock’s Profit Jumps Five-Fold on BGI, Inflows
Business Week – BlackRock Inc., the world’s biggest money manager, said fourth-quarter net income rose almost five- fold as the purchase of Barclays Global Investors lifted fee revenue and investors poured money into stock and bond funds. Earnings rose to […]
They’re back: sovereign funds want to be heard
Reuters – Last year, with most of the world mired in the “Great Recession,” those outsized sovereign wealth funds amassed by governments from the likes of Abu Dhabi, Singapore and China went missing in action. Now they’re back, and ready […]
Hedge fund expert Norman Champ ‘89 to be top New York investigator
Harvard Law Record – Reeling from the fallout of the Madoff scandal, the Securities and Exchange Commission has been searching for a new strategy and new leadership in its mission to protect the investing public from fraud. As part of […]
BNY Mellon Said to Be in Talks for PNC Unit to Add Fund Clients
Bloomberg – Bank of New York Mellon Corp is in talks to buy PNC Financial Services Group Inc.’s global investment-servicing unit for as much as $2.5 billion to add hedge-fund and mutual-fund clients, said a person familiar with the matter. […]
Blair takes role at hedge fund Lansdowne
Reuters – Former Prime Minister Tony Blair is to give a series of talks to bosses at Lansdowne Partners, said a source close to the secretive hedge fund that made millions from the credit crisis. Blair, whose “light-touch” model of […]
Hedge Funds & Investors Rate Global Brokers
New York (HedgeCo.net) – A newly released survey of 176 leading investment managers, private banks and hedge funds by McLagan, a compensation consulting, productivity and performance benchmarking firm, showed that broker performance has risen in many areas this year, particularly […]
Hedge fund group Man leads FTSE lower on growth fears
Guardian.co.uk – Man, the world’s largest quoted hedge fund, led the market lower on fears about its future growth. The company’s shares dropped 17.1p to 246p – a 6.5% decline – after it announced that the net asset value of […]