Monthly Archives: March 2011
“Side Pocket” Investments Prove Costly For California Hedge Fund Manager
New York (HedgeCo.net) – The SEC has charged a well known Bay Area hedge fund manager and philanthropist with concealing more than $12 million in investment proceeds that he owed investors in his fund. Lawrence Goldfarb agreed to pay more than […]
Hedge fund investors make $28 billion in six months
City Wire – New research shows the ten biggest hedge funds in the world made their investors $28 billion in the second half of 2010. The Financial Times published data from LCH Investments on Wednesday which showed just how much hedge […]
Former AMD Manager in Talks to Plead Guilty in Insider Case
WSJ – A former technology company employee who freelanced as a consultant for dozens of investment firms is in talks with prosecutors to plead guilty in an insider trading scheme, his lawyer said Monday. Mark Anthony Longoria, previously a Texas-based […]
Ex-SocGen trader sentenced to 3-year jail term
Reuters – A jailed former Societe Generale trader convicted of theft of speed-trading computer code secrets was sentenced to 36 months in prison on Monday. Samarth Agrawal, 27, a citizen of India, was convicted in November by a jury of […]
Ethical investment hits $11 trillion
Hedge Funds Review – Socially responsible investment (SRI) hit $11 trillion in 2010. The increase was due to demand from European pension funds, universities and insurance companies and high net worth individuals (HNWIs). Hedge fund managers have been urged to stop […]
Hedge fund industry ‘awaiting Esma regulations’
Bobs Guide – Hedge funds are nervously anticipating the publication of new regulations drawn up by the European Securities and Markets Authority (Esma) later in the year, it has been claimed. According to a report in the Financial Times, the […]
News Secondary hedge fund market activity focuses on esoteric names
Hedge Funds Review – Such underlying assets include niche emerging market, private equity, real estate, life settlement and non-performing loan-related assets. Ironically, many of the funds currently trading are themselves selling these assets into their own respective illiquid secondary markets, […]
Moonlighting Hedge Fund Managers Charged With $30 Million Fraud
New York (HedgeCo.net) – The SEC has brought charges against four hedge fund managers who are accused of trading insider information they obtained while moonlighting as network consultants, Risk.net reports. “Samir Barai, Jason Pflaum, Noah Freeman and Donald Longeuil will be added […]
‘Big Short’ Author Sued by Hedge Fund
TheStreet – The author of “The Big Short,” Michael Lewis, his publisher W.W. Norton & Company, and FrontPoint Partners’ Steve Eisman are being sued for defamation by Wing Chau and his Harding Advisory. Chau, a collateralized debt obligation (CDO) specialist, […]
Fund.com Expands Hedge Fund & ETF Operations With The Acquisition Of Weston Capital Management
New York (HedgeCo.net) – New York hedge fund manager, Fund.com, Inc., has acquired a $1 billion hedge fund distributor based in West Palm Beach Fl., Weston Capital Management, LLC. “With Weston Capital’s proven capability to seed new fund products, combined […]