Monthly Archives: March 2011
SEC to watch hedge funds that beat the market
Marketplace – The Securities and Exchange Commission has been trying to get its hands on hedge funds for years, bring them inside the regulated world that most other traders and markets have to live in. That hasn’t worked out so […]
Currency Hedge Funds Flat In February
WSJ – Foreign-exchange hedge funds’ performance was flat during February, data from the Parker FX index showed Wednesday. — Foreign-exchange hedge funds post 0.06% return in February — 36 of 65 funds reported positive returns — Data indicate funds were […]
Hedge funds turn in poor first quarter results
Investment International – Hedge funds are ending the first quarter of 2011 giving investors less than they would have got from simply buying stocks and hanging on to them, belying their reputation as being at the cutting edge of money […]
Hedge fund investor pushes for changes at National Express
Guardian – American hedge fund Elliott Advisors is demanding a boardroom shakeup at transport group National Express, where it has built a 17% stake. The activist investor has written to shareholders of the British transport group asking them to vote for […]
Man Group client exodus ends after two years with acquisition of GLG
Telegraph – The world’s largest listed hedge fund said it expects to post net inflows of $700m (£438m) during the period ending March 31 – boosted by about $5.3bn worth of sales. Of these inflows, more than half are likely […]
People Moves – Jim Whitaker As BNY Mellon’s US Hedge Fund Relations Manager
New York (HedgeCo.net) – Jim Whitaker has been named head of Relationship Management for the Americas by the $390 billion BNY Mellon Alternative Investment Services (AIS). Whitaker will oversee relationship management teams in the Americas across all AIS client segments […]
Hedge funds find India toughest BRIC to crack
Economic Times – Hedge funds are finding India the toughest BRIC country to beat consistently in falling stock markets, raising questions if the high fees they charge for all-weather outperformance is justified. Profiting from short-selling, or when share prices fall, […]
Connecticut Hedge Fund Manager Charged In $3.5 Billion Ponzi Scheme
Hartford Courant – Federal securities regulators blocked a Connecticut hedge fund manager from diverting $14 million Monday after charging him with defrauding investors as part of a $3.5 billion Ponzi scheme headed by a Minnesota businessman. Hedge fund manager Marlon […]
SEC Blocks Diversion Of Victim Funds
Futures Magazine – The Securities and Exchange Commission today announced it has obtained an emergency court order to halt an attempt by a Connecticut-based fund manager to divert to himself and others settlement funds intended for U.S. victims of a […]
Hedge Funds are About to Undress
Oil Price – The July 21 deadline for the hedge funds to register required by the one year anniversary of the Dodd-Frank bill is fast approaching, and the industry is roiling with turmoil. The net result for the rest of […]
Execs of Bogus Hedge Fund to Serve 7 Years for Fraud
Courthouse News Services – Two men who ran a fake hedge fund and scammed about six dozen investors out of at least $7 million were sentenced to seven years in prison by a Manhattan federal judge. Igor Levin, who sometimes […]
Quantitative Hedge Funds Hurt by Japan Catastrophe, FT Reports
Bloomberg – Several big quantitative hedge funds, which employ mathematical strategies fed into computers, have suffered severe losses as a result of the Japanese earthquake and tsunami, the Financial Times reported. The $4 billion flagship fund of Connecticut-based Graham Capital Management […]