Monthly Archives: January 2010
U.K. Economy Exits Recession
WSJ – The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008. However, growth in the latest quarter was far less than expected, […]
Spherix Capital Founder Far, Ex-Pres Lee Agree To Settle SEC Insider Case
WSJ – The Wall Street Journal reports: The founder of California hedge fund Spherix Capital LLC and its former president will pay more than $2 million to settle a civil insider-trading lawsuit brought by the U.S. Securities & Exchange Commission, […]
Hedge fund ‘survivors’ see thawing in investor activity
Cleveland Business – After a brutal two years filled with the closure of many hedge funds, the managers of those that remain said they’ve proven both their worth and their staying power. While less volatility may mean more modest returns […]
“Volcker Rule” Socks Bank Trading, Funding for Hedge funds and Private Equity
Money Morning – The fallout from the “Volcker Rule,” President Barack Obama’s proposal to ban banks from making speculative investments that do not benefit their customers, rattled stock and bond markets last week as analysts panicked over the possible repercussions. […]
SEC May Approve Restrictions on Short Sales When Stocks Plunge
Bloomberg – Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging. The regulation would require the trades be executed above the […]
Investor Commitment to Hedge Funds Comes With Rising Expectations – Report
New York (HedgeCo.net) – A new white paper published by the SEI Knowledge Partnership in collaboration with Greenwich Associates, reports that transparency and liquidity risk have surpassed poor performance as the top concerns for institutional investors investing in hedge funds. […]
Qatar Islamic Malaysia Unit Plans $150 Million Funds in Asia
Business Week – Asian Finance Bank, the Malaysian unit of Qatar’s biggest Islamic bank, plans to start funds worth at least $150 million to invest in Asia to benefit from economic expansion in the region. The bank, 70 percent owned […]
Goldman Closes Quant Hedge Fund; Litterman Retiring
WSJ – Robert Litterman, chairman of Goldman Sachs Group Inc.’s (GS) quantitative hedge fund group, is retiring, a company spokeswoman confirmed. The spokeswoman confirmed earlier Friday that Goldman has closed its Global Equity Opportunities hedge fund, which is part of […]
The Real Opportunities Behind Self-Directed IRAs: Dream Homes, Businesses and Roth IRA Tax Breaks
New York (HedgeCo.net) – Jaime Raskulinecz, a longtime real estate investor, founded Entrust Northeast, LLC., as a means of combining her avid interest in buying rental properties while also building a productive business opportunity. “I founded Entrust Northeast after struggling […]
Hedge Fund Technology Specialist GlobeOp Celebrates its 10-year Anniversary
New York (HedgeCo.net) “When you start a new business you need a great idea, hard work and a little luck,” said Hans Hufschmid, CEO of GlobeOp. “GlobeOp launched at the beginning of one of the hedge fund industry’s fastest growth […]
Investors flee fund with ties to Galleon witness
Reuters – The tight-knit Boston hedge fund community has been rattled by a guilty plea in the biggest insider trading prosecution in two decades. Loch Capital Management, a technology-oriented hedge fund that once boasted over $2 billion (1.2 billion pounds) […]