Monthly Archives: March 2012
If you cover Wall Street, should you take Wall Street speaking fees?
Columbia Journalism Review – Millions of dollars have flowed to journalists in speaking fees in recent years. Is this a scandal, a dark and an indelible stain on journalism, or really not such a big deal? What does Wall Street, […]
Vatican bank image hurt as JP Morgan closes account
Reuters – JP Morgan Chase is closing the Vatican bank’s account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See’s financial institution, Italian newspapers reported. The move is a […]
Mets Owners Settle Madoff Trustee Case for $162 Million
Bloomberg – The $162 million settlement that resolves claims by the liquidator of Bernard Madoff’s firm against the owners of the New York Mets won’t require them to pay any money for at least four years, if ever. U.S. District Judge Jed Rakoff […]
Advisor Charged With Using Phony Audit Report To Defraud Investors
Financial Adviser – The Securities and Exchange Commission (SEC) has charged a San Francisco-area investment advisor with defrauding investors by placing their investments in his own personal account and by giving them a bogus audit report that embellished the financial […]
Investor sues hedge fund Medley Capital in redemption dispute
Hedge Funds Review – Fintan Partners has asked a New York court to enforce redemption terms in a side-letter agreement as investors lose patience with suspended hedge funds and in particular Medley Opportunity Fund. Fund of hedge funds (FoHF) manager Fintan […]
$200M Suit by Hedge Funds Dismissed
JD – Earlier this month, in Absolute Activist Value Master Fund Ltd. et al. v. Ficeto et al., 11-cv-0221 (2d Cir. Mar. 1, 2012), the Court of Appeals for the Second Circuit affirmed the dismissal of a $200M fraud case brought […]
Hedge funds ditch Treasuries in droves: report
Chicago Tribune – A good deal of the recent flight from U.S. Treasuries has been driven by hedge fund selling, according to a Wall Street analyst. Hedge funds and other large investors sold 78 percent of their holdings of 2-year […]
Hedge fund boss misses out on $27m bonus
TMZ – Man Group’s chief executive has missed out on incentive payments of around $US23 million ($NZ27m), the company’ accounts showed, as clients pulled their cash out of the world’s largest listed hedge fund firm during the financial crisis. Peter […]
Bahrain’s Arcapita files for Chapter 11 after hedge fund push
The Daily Star – Bahrain investment house Arcapita became the first Gulf entity to file for Chapter 11 bankruptcy protection in the United States, after it was threatened with legal action if it did not repay a hedge fund in full, […]
Fund Of Hedge Fund SAIL Advisors Strengthens its US Presence With New Appointment
New York (Hedge Co.net) – SAIL Advisors, one of Asia’s leading global fund of hedge fund managers, has reinforced its fast-growing team in New York with the addition of an industry veteran to help drive its expansion in the US […]
BTIG Hires New European Equities Leader
LONDON and NEW YORK, March 19, 2012 — BTIG Limited, the European affiliate of BTIG LLC, a global financial services firm specializing in institutional trading and related brokerage services, has hired Matthew Cyzer, former Partner and Head of European Equity […]
Spike Lee Producing Debut Film Made by Top Hedge Fund Manager’s Son
Forbes – Remember Ray Dalio? The man who runs the $80 billion Bridgewater Hedge Fund was recently profiled in Forbes. And I told you that Dalio is also a fan of Jennifer Lopez–he funds her charity–and a heavy contributor to […]