Monthly Archives: January 2010
Ponta Negra Hedge Fund Manager Pleads Guilty
New York (HedgeCo.net) – Former Stamford hedge fund manager, Francesco Rusciano. waived his right to indictment and pleaded guilty today before US Judge Ellen Bree Burns in New Haven to one count of wire fraud. According to court documents and […]
How New Palladium, Platinum ETFs Will Change Supply and Demand
Seeking Alpha – The world is about to entertain two new investment vehicles that could have a profound effect on the prices of two very rare and very necessary metals — palladium and platinum. Unlike gold, which we do not […]
Do Hedge Fund Indexes Only Tell Part of Story?
New York Times – Only foolhardy parents would allow their children to provide only the grades on their report cards that they were happy with. Yet hedge funds are given this luxury in reporting their performance to compilers of sectorwide […]
The Half Moon REO Hedge Fund Launch
New York (HedgeCo.net) – New York-based real estate hedge fund The Half Moon group has launched The Half Moon REO Fund, LP. The new fund focuses on financing a strategic network of joint venture partners who are experts in the […]
Long/Short Equity Hedge Funds Finish 2009 with Double-Digit Returns
New York (Hedgeco.net) – Based on December performance for the Credit Suisse Long/Short Equity Liquid Index (“LAB Long/Short Equity Liquid Index”), Long/Short Equity funds ended the year on a high note as managers took advantage of increased equity market opportunities […]
Saleh to Forfeit Gains From Insider Trading
WSJ – Reza Saleh, an employee of H. Ross Perot’s investment firm who was charged with insider trading, agreed to forfeit $8.6 million in profits to settle with securities regulators. The Securities and Exchange Commission charged Mr. Saleh in September […]
TrimTabs suggests government manipulated stocks
Market watch – The unusual circumstances that led the U.S. market to rally powerfully in 2009 might be explained by secret government moves to buy stocks, according to Charles Biderman, the founder and chief executive of TrimTabs, a research firm […]
BlueCrest’s Platt Turns Grandma’s Advice Into Hedge Fund Gold
BusinessWeek – In a darkened 19th-century former church near London’s Regent’s Park, Michael Platt sips white wine and contemplates an unusual altar display: a life-size wax gorilla nailed to a wooden cross. The sculpture is a new work by Paul […]
Hedge Fund AQR Goes ‘Mom & Pop’
WSJ – AQR Capital Management LLC, which was among the first big hedge funds to launch a line of mutual funds for mom-and-pop investors, has raised more than $1 billion in assets in less than a year, a potential challenge […]
Producer settles suit over crime drama
Reuters – Capitol was sued in November by New York hedge fund D. B. Zwirn, which provided Bergstein and partner Ron Tutor with the money for their movies from 2004-07 and demanded reimbursement for about $120 million that was used […]
S.E.C. Plans Hedge Fund Sweeps
NYT – Some hedge funds may find themselves in tight spot in 2010 — not because of the markets, but because of one regulator who’s setting his sights on wrongdoing in the industry. “We have planned a number of significant […]