Monthly Archives: January 2009

EUEC Workshop fo Carbon Hedge Funds

January 23, 2009 : Permalink

West palm Beach (HedgeCo.net) – Two prominent carbon and CDM Experts, Peter C. Fusaro, Dr. Prabhu Dayal are presenting the ‘EUEC 2009’ in Phoenix, Arizona, the Carbon Trading course includes practical case studies for the design and development of CDM […]

Hedge Fund Assets May Fall $450 Billion After Worst Performance

January 23, 2009 : Permalink

Bloomberg – Hedge funds lost more money in 2008 than any year on record. It may get worse in 2009, forcing fund managers to overhaul investment strategies, reduce fees and make it easier for clients to withdraw cash. The $1.2 […]

Sorting out losses in Nadel funds complex

January 23, 2009 : Permalink

Sarasota Herald-Tribune – When he first invested $100,000 in Arthur G. Nadel’s Viking Fund, David Walters was elated with a 7.77 percent return in just the first three months. After the Sarasota-based fund delivered a 22 percent profit in 2004, […]

Hedge fund made millions short-selling on Barclays as its share price plummeted

January 23, 2009 : Permalink

Daily Mail – One of Britain’s most successful hedge funds made a fortune betting on a plunge in Barclays shares on the day the short-selling ban was lifted, it has emerged. Lansdowne Partners sold shares in the high street banking […]

Duff Capital Advisors shrinks, stays in business

January 23, 2009 : Permalink

Reuters – Hedge fund firm Duff Capital Advisors, launched last year to help pension funds, endowments and insurers meet long-term funding obligations, laid off most of its staff, a person familiar with the matter said on Thursday. The company remains […]

Senate Approves Schapiro as New Head of SEC

January 23, 2009 : Permalink

New York (HedgeCo.Net) – Mary Schapiro, who most recently was the CEO for the Financial Industry Regulatory Authority, is now the head of the Securities and Exchange Commission.  The Senate approved Schapiro yesterday, a month after being nominated President Barack […]

Novices Given $1 Million to Start a Hedge Fund on TV

January 22, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Avanta is making its UK television debut with Million Dollar Traders on BBC2. Aired for 3 weeks in January, the series will play out at Avanta’s Austin Friars business centre in London. The program gives […]

Dreier Claims His Son Was Promised Property, Prosecutors Say

January 22, 2009 : Permalink

Bloomberg – Marc Dreier, the New York lawyer accused of cheating hedge funds, said he told his 19-year-old son he could have properties worth $12.5 million after the teenager agreed to spend the summer with him, prosecutors said. Assistant U.S. Attorney […]

Morningstar Reviews 2008’s Losses and Gains

January 22, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In their summary of hedge fund performance for the fourth quarter and full year of 2008, Morningstar reported that 2008’s low returns wiped out the last two years gains. Investors lost their appetite for hedge […]

Suspected NYSE insider trading rose in 2008

January 22, 2009 : Permalink

Reuters – Suspected insider trading cases reached an all-time high last year, driven less by hedge funds and more by pillow talk between relatives and friends, the head of surveillance at the New York Stock Exchange said on Wednesday. In […]

Fidelity Launches Indian Fund of Hedge Funds

January 22, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Fidelity International is launching the Fidelity Wealth Builder Fund through it’s Indian asset management arm, the new fund is an open ended fund of funds scheme offering asset allocation options with three plans. The investment […]

Hedge funds see $155 billion of withdrawals

January 22, 2009 : Permalink

ArabianBusiness.com – A record $155 billion was pulled out of hedge funds last year, punishing the once red-hot asset class for delivering its worst-ever returns, according to numbers released on Wednesday. Chicago-based tracking firm Hedge Fund Research said hedge funds […]