Monthly Archives: March 2011
Special report: How investors turned the tables on hedge funds
Reuters – Neil Chelo’s job is to be able to tell good hedge fund managers from not-so-good ones. An investment analyst, Chelo honed his skills under the tutelage of Harry Markopolos, the forensic fraud investigator widely credited with spotting Bernie […]
Hedge Fund Donates $1 Million to Japan Relief
New York (HedgeCo.net) – Hedge fund giant Man Group has made an immediate $1 million commitment via its Charitable Trust to relief efforts in Japan. “We have all witnessed through TV coverage the scenes of devastation in Japan after the […]
100 Women In Hedge funds Partners With Prince William
100 Women in Hedge Funds, a non-profit organization for professionals in the alternative investments industry, today announced that it will partner with the Child Bereavement Charity during the second year of Prince William’s patronage of 100 Women in Hedge Funds. […]
Rajaratnam’s lawyer says information was public
City AM – Accused hedge fund manager Raj Rajaratnam did not get secrets about Advanced Micro Devices and eBay from a former high-placed friend because the information was already public, his lawyer argued at his trial yesterday. In heated exchanges […]
Ruth Madoff Account Got $14 Million From Fraud
Bloomberg – Ruth Madoff’s account at Bank of New York Mellon Corp. (BK) received “fraudulent” transfers of at least $14 million, said the trustee liquidating her husband Bernard Madoff’s firm, who wants to “recapture” $44.8 million. Irving Picard, the trustee, said last […]
Gupta Administrative Action by SEC Is ‘Bizarre,’ Judge Says
Bloomberg – The U.S. Securities and Exchange Commission’s decision to file an administrative action against ex Goldman Sachs Group Inc. (GS) director Rajat K. Gupta, instead of to sue him, is “bizarre,” the judge in a Galleon Group LLC case said. […]
Hedge Funds Say Porsche Cost Them $1 Billion
Courthouse News Services – Porsche “corner(ed) the market in VW stock” in a “massive short squeeze,” driving up the share price after inducing investors to sell short, costing other investors more than $1 billion, a group of hedge-fund traders claims […]
Public pension plan investing in hedge funds jumps 50% – Preqin
Opalesque – Preqin research shows that the number of public pension systems investing in hedge funds has increased significantly over the past four years. There are now 295 public pension plans worldwide known to be allocating to hedge funds, up […]
Life of a hedge fund informant, easy or nerve-wracking?
Fierce Finance – What to make of Anil Kumar? He seemingly had it all as a respected consultant at McKinsey & Co. And yet he had some nugget of insecurity, so it seems, that made him easy picking for the […]
Porsche unveils record earnings
BBC – The German sports carmaker Porsche is holding its annual meeting with investors. The market will be hoping for the latest news on the long-awaited merger with Europe’s biggest automaker Volkswagen. Profits at Porsche have just tripled thanks to […]
Hedge Fund Launch: The Football Fund
New York (HedgeCo.net) – The Football Fund has launched and is officially open and trading with a February NAV of $99.16 per share. Having completed its initial investments the new hedge fund is currently open to private investors for a […]