Monthly Archives: January 2009

SEC charges missing money manager Nadel with fraud

January 22, 2009 : Permalink

PR Inside – Federal regulators on Wednesday charged a missing hedge fund manager with fraud, saying he misled investors and overstated the value of investments in the six funds by about $300 million. The Securities and Exchange Commission won a court […]

Hedge Funds Not Behind Sell-Off In Banks Say Experts

January 21, 2009 : Permalink

Wall Street Journal – Experts say hedge funds are not responsible for the wholesale selloff in U.K. financial stocks which saw shares in the four remaining major banks dive to record lows earlier this week and prompted renewed calls to […]

Hedge Funds Care to Host 11th Annual New York Open Your Heart to the Children Benefit

January 21, 2009 : Permalink

NEW YORK, January 21, 2008 – Hedge Funds Care, a global non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced today that it will hold its […]

GLG Partners Adds Pendragon Hedge Fund Managers

January 21, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian Harvey Wood, to focus on event driven strategies. In […]

Short-sellers are back with sharpened tools

January 21, 2009 : Permalink

WalesOnline – Last week saw the return of the credit crunch’s bogey product: short selling. The practice was banned by the Financial Services Authority last September after it was blamed for wiping millions off the value of bank shares, betting […]

Renewed fears as Lloyds shares crash

January 21, 2009 : Permalink

nebusiness.co.uk – LLOYDS Banking Group became the latest casualty of the bank sector sell-off yesterday as its shares plunged as much as 47%. Royal Bank of Scotland steadied a little after Monday’s mammoth 67% fall, but doubts over the Government’s […]

Grand jury: Ind. man deliberately crashed plane

January 21, 2009 : Permalink

Philadelphia Inquirer – A federal grand jury indicted an Indiana investment adviser Tuesday on charges of deliberately crashing his small airplane in the Florida Panhandle to try to fake his own death as part of a plan to escape financial […]

Schools re-evaluate after Madoff losses

January 21, 2009 : Permalink

The Brown Daily Herald – Several colleges and universities are sustaining large financial losses in the aftermath of Bernard Madoff’s $50 billion hedge fund scam. Madoff defrauded investors by using money collected from new investors to pay off existing ones […]

Deutsche Bank Says Had No Losses on Two Hedge Funds

January 21, 2009 : Permalink

Bloomberg –  Deutsche Bank AG, Germany’s biggest bank, said it suffered no losses from its U.S. hedge funds CQ Capital and Distressed Opportunities. The Frankfurt-based company invested no capital in the hedge funds, which are for institutional asset management clients, […]

Worries over hedge funds send LSE to four-year low

January 21, 2009 : Permalink

Times Online – Shares in the London Stock Exchange dropped nearly 10 per cent or 50½p to a four-year low of 463½p amid fears that its trading update tomorrow will show another dramatic slump in the value of equities traded […]

Mace Security says it’s owed $2M by missing hedge fund manager

January 21, 2009 : Permalink

MSN MoneyCentral – Mace Security International Inc. said Tuesday it has only received $1 million of a little more than $3.2 million owed it by a hedge fund managed by missing Florida money manager Arthur Nadel. The Horsham, Pa., maker […]

Authorities think money manager planned to vanish

January 21, 2009 : Permalink

Arlington Heights Daily Herald – A missing hedge fund manager who owed investors a $50 million payout told his wife in a note he felt guilty about mismanaging people’s money, and threatened to kill himself, according to a sheriff’s report […]