Monthly Archives: April 2009
Paineiras Hedge Fund Buys Brazil Bonds on Economy
Bloomberg – Theodoro Messa’s Paineiras Hedge FIM hedge fund beat 96 percent of its peers this year on bets Brazilian bond yields will fall as the central banks slashes borrowing costs to shore up Latin America’s largest economy. Messa is […]
Hedge fund manager Fairfield Greenwich charged over Madoff fraud
Times Online – Fairfield Greenwich, the hedge fund manager founded by socialite Walter Noel, became the first fund that invested with disgraced fund manager Bernard Madoff to be charged with fraud. William Galvin, Massachusett’s Secretary of State, today accused the […]
US hedge funds worry about expected new rules
CNN Money – For years, U.S. hedge fund managers have worried that their loosely regulated and secretive industry would one day face tougher regulations. Now that day seems to be here. "It was inevitable that this would happen," said Brad […]
SUMMIT-SNAP ANALYSIS-G20 adds flesh to regulatory bones
CNN Money – They are finally getting more serious on regulation. But success will hinge on delivery, not just detail. The G20 summit in London will adopt a more detailed approach to overhauling the world’s financial rules in a bid […]
Funds Tied to Madoff in Legal Vise
Gainesville Sun – As Bernard L. Madoff waits in jail to be sentenced, legal problems are accumulating for some of the hedge fund managers who helped him raise billions of dollars from around the world for what he now admits […]
Highbridge records $1 bln in net inflows in 2009
Reuters – Highbridge Capital Management, the hedge fund majority-owned by JPMorgan Chase & Co, received $1 billion in net inflows this year, the Financial Times reported citing people familiar with the fund. The inflows suggest that investors are tentatively returning […]
N.Y. hedge-fund manager accused of Ponzi scheme
Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances. Stein, who […]
Hedge Fund Shareholders Seek Legal Action in Canada
West Palm Beach (HedgeCo.net) – A former hedge fund shareholder of Canadian securities company, Capital Units of Oil Sands Split Trust, is taking legal action regarding the Trust’s Special Annual Retraction that occurred in December, 2008. The hedge fund said […]
The Economist to Launch London Theme Park
Hedge Fund Weblog – As part of a strategy designed to broaden the revenue base, leverage content over new platforms and promote The Economist brand to a young and dynamic audience, The Economist Group is delighted to announce the development […]
GCI Plans New Hedge Fund to Snap Up Hybrid-Security Bargains
Bloomberg – GCI Asset Management Inc., a Japanese hedge fund with 26 billion yen ($265 million) in assets, said it will start a new fund to snap up bargains in hybrid securities that combine debt and equity. The new fund, […]