Monthly Archives: January 2009
Israel Girlfriend Pleads Not Guilty to Aiding Escape
Bloomberg – Debra Ryan, the girlfriend of Samuel Israel, the convicted founder of hedge-fund firm Bayou Group LLC charged with bail jumping, pleaded not guilty to helping him escape. Israel, 49, is accused of faking his suicide and fleeing the day […]
Hedge funds ‘encourage bankruptcies’ for profit
Guardian.co.uk – "Parts of the current complexity arises from the existence of distressed debt investors who sometimes see commercial advantage from using an insolvency process to organise the sale of the viable part of a business to a solvent buyer […]
December investor survey finds managment fees too high
West Palm Beach (HedgeCo.net) – When surveyed about what they think about fee levels and value for money offered by investment managers, investors believe that managment fees are too high. Two surveys were conducted by bfinance in December, questioning institutional […]
Hedge Fund Portfolio Tracking: SAC Capital
Seekingalpha.com – Since inception, its funds have returned on average 40% annually, which explains how they can charge a 50% performance fee to investors, compared to the normal 20% that most hedge funds charge. They are very active traders and […]
Asia hedge funds face another rough ride in 2009
Reuters – Asia-focused funds suffered their worst ever year in 2008, underperforming their peers in the West, as markets cratered and investors demanded their money back. This year will be marked by consolidation around more established players and a more […]
Girlfriend of hedge fund swindler Samuel Israel, accused of trying to send him money in jail
Union-News & Sunday Republican – The girlfriend of hedge fund swindler Samuel Israel III, already accused of helping him skip out on a prison sentence, tried to send him $300 in jail, officials said Wednesday. The cash was "secreted in […]
Former UBS Exec Declared a Fugitive by South Florida Judge
New York (HedgeCo.Net) – U.S. authorities have officially declared Raoul Weil, formerly of UBS, a fugitive. The one-time prominent business man and former chairman of UBS’s global wealth management unit, failed to surrender to police after being charged with aiding […]
Blackstone Man Targeted by SEC for Insider Trading
New York (HedgeCo.Net) – A Blackstone Group executive has been sued by the U.S. Securities and Exchange Commission after allegedly fronting an insider trading scam that involved supermarket chain Albertsons. According to the complaint, Managing Director Ramesh Chakrapani tipped off […]
Inspector General investigating Boston and New York SEC offices in in wake of Markopolos allegations
Examiner.com – David Kotz, Securities and Exchange Commission Inspector General, told the U.S. House Committee on Financial Services last week he was determined to learn "the reasons for the SEC’s apparent failure to act" on repeated warnings about Bernard Madoff’s massive […]
Alternative Investment Specialist Joins Canadian Hedge Fund
West Palm Beach (HedgeCo.net) – Todd Groome is joining Diversified Global Asset Management (DGAM) as a Managing Director, effective February 1, 2009. Responsible for business development, Groome will also advise the investment team on macro investment themes and the global […]
Hedge funds post record US$350b loss in 2008
Business Times Malaysia – Hedge funds posted their biggest decline on record last year, losing US$350 billion globally, as the credit crisis crippled returns and forced investors to pull money out, an industry report showed. About 90 per cent of the […]