Monthly Archives: April 2009
New York, SEC investigates Carlyle Group
SmartBrief – Carlyle Group is being investigated by New York prosecutors and the Securities and Exchange Commission for allegations that it made improper payments to get investments from the state’s pension fund. The payments allegedly were made to intermediaries and […]
State of Oregon Sues OppenheimerFunds
New York Times Blogs – Officials in Oregon are seeking $36.2 million in damages from OppenheimerFunds, which managed an account responsible for steep losses in the state’s college savings plan. Officials said in a statement on Monday that risky “hedge-fund […]
US Town Claws Back £17m Of Madoff Assets
Sky News – A US town has edged closer towards clawing back its losses to Wall Street swindler Bernard Madoff, securing a court order for £17m in assets. The town of Fairfield in Connecticut suffered losses of about £28m from […]
Australian Hedge Funds Post 2.1% Return in March on Share Rally
Bloomberg – Australian hedge funds returned an average 2.1 percent in March, beating the 1.3 percent profit of their global peers. The Australian Fund Monitors Index, which tracks the performance of more than 200 hedge funds managed from within the […]
HSBC sees “tipping point” in hedge fund outflows
Reuters UK – HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a "tipping point" after a tough period of client withdrawals. Bill Maldonado, head of alternative […]
Offshore Law Pioneers Expand to Brazil
West Palm Beach (HedgeCo.net) – Cayman Islands law firm Conyers Dill & Pearman now has the official approval and licensing permission for a São Paulo partnership by the the Brazilian Bar Association. As the only offshore firm to have an […]
Meridian Fund Advisers Launch With Hedge Fund Specialist as Head
West Palm Beach (HedgeCo.net) – Hedge fund manager Meridian Global Fund Services Group has launched a hedge fund consulting affiliate team with Joyce E. Heinzerling as head. The affiliate, Meridian Fund Advisers LLC, will provide hedge fund regulatory and corporate […]
Fortis jumps after pro-BNP deal ruling
Reuters – Fortis shares jump after a court rules on Friday that all Fortis shareholders are eligible to vote on the sale of assets to France’s BNP Paribas on April 28-29, significantly increasing the chances of a ‘yes’ vote. Fortis […]
Oregon sues financial company over losses in college savings plan
Montgomery Advertiser – State officials are seeking $36.2 million in damages from OppenheimerFunds Inc., which managed a fund responsible for steep losses in the Oregon College Savings Plan. Officials said in a statement Monday that risky, "hedge-fund like" investments cost […]
Florida Hedge Fund Fraudster Remains in Federal Custody
New York (HedgeCo.Net) – A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk. Attorneys for Won-Sok Lee were seeking a continuance for […]