Monthly Archives: June 2012
Fake NJ Hedge Fund Operator Indicted for Defrauding Victims in Two Scams
Newark FBI – A Newark grand jury today indicted a man for allegedly draining an elderly woman’s annuity while operating another, multi-million-dollar investment fraud scam, U.S. Attorney Paul J. Fishman announced today. George Sepero, 39, of Glen Rock, New Jersey, […]
Famed hedge fund manager Philip Falcone charged by feds with market manipulation
Mercury News – The bad news keeps coming for Philip Falcone, once one of the hedge fund industry’s most successful fund managers. The U.S. Securities and Exchange Commission filed a lawsuit in federal court on Wednesday charging Falcone with market […]
Dow Jones Launches an “Index of Indexes”
New York (HedgeCo.net) – Dow Jones Indexes has launched the Dow Jones RBP U.S. Directional Allocation Index, a gauge that automatically allocates weights among other indexes that reflect distinct viewpoints on the U.S. market. Constructed as an “index of indexes,” […]
Saba’s Weinstein exits bet against JPMorgan-sources
Reuters – Hedge fund manager Boaz Weinstein, who was one of the first traders to call attention to a derivatives bet that cost JPMorgan Chase at least $2 billion recently exited from the trade, booking a tidy profit, according to […]
Hedge Fund Manager Expands ‘The Spot Experience’
New York (HedgeCo.net) – Former NFL player and hedge fund manager Mitch Marrow has teamed up with real estate firm Rose Associates to provide luxury dog amenity services for Rose’s residential real estate portfolio in New York City. “Our dog amenity program is […]
Mitt Romney’s hedge fund history
Forbes – Mitt Romney likes to talk about his time as a venture capitalist with Bain Capital, helping to launch corporate giants like Staples and The Sports Authority. His critics like to focus on Romney’s years as a leveraged buyout […]
Hedge Fund Manager Who Faked His Own Death Has A Few Theories About Other Famous Murders, Real And Imaginary
Dealbreaker – Remember Samuel Israel III? For those with short memories, SI3 is a former hedge fund manager who faked his own death in June 2008 with the help of his girlfriend, Debra Ryan, who later wrote an article explaining her […]
Hedge Fund Manager’s Spending Spree Will Cost Him — and Taxpayers
Law.com – It seemed as if the worst was behind him. But a former tax attorney and hedge fund manager who had settled investment fraud charges is back in court fighting the feds. Lawrence Goldfarb, accused of misusing funds at […]
Report: SEC Is Going After Hedge Fund Billionaire Phil Falcone
Forbes – Philip Falcone, the embattled hedge fund billionaire who runs Harbinger Capital, will soon be battling a Securities & Exchange Commission lawsuit, according to a Bloomberg News report. The SEC will go after Falcone with claims he improperly took loans […]
A peek inside hedge funds in Asia
NDTV – Some of Asia’s oldest hedge funds are ditching short-selling as investors pull out of the strategy on concerns that bearish bets are failing to pay off and not worth the hefty fees they bring. The move from the […]
Research firm executive arrested on insider trading charges: FBI
Reuters – Law enforcement authorities said on Tuesday they arrested and charged an executive at an investment research firm as part of the government’s wide-ranging probe of insider trading at the now-defunct Galleon Group hedge fund. Tai Nguyen of research […]