Monthly Archives: June 2012
Two New 100 Women in Hedge Funds Earn CAIA Charter
New York (HedgeCo.net) – The Chartered Alternative Investment Analyst (CAIA) Foundation, sponsored by the CAIA Association, today announced that two members of the inaugural class of “100 Women in Hedge Funds/CAIA Scholars” have completed the CAIA Program. Kaoutar Sbiyaa, Product […]
Joyce says hedge funds contributed to Qantas’s share price collapse
The Australian – Alan Joyce blamed short-selling by hedge funds for exacerbating the collapse in Qantas’s share price last week that wiped more than $1 billion off the airline’s value. Speaking on the sidelines of the International Air Transport Association’s […]
Hedge Fund Charity Group Funding African Education
HFN – London-based organization Absolute Return for Kids has helped open two schools in the African country of Uganda. The Financial News reported that the charity, also known as ARK, has worked with the non-profit group Promoting Equality in African […]
US Treasury Settles with Cuba/Iran to the tune of $619 Million
New York (HedgeCo.net) – The US Treasury today announced a $619 million settlement with ING Bank N.V. to settle potential liability for apparent violations of U.S. sanctions. Today’s settlement is the largest OFAC settlement of any kind to date. The […]
The Hedge Fund Association Expands Presence in China
New York (HedgeCo.net) – In its continuing effort to support the global hedge fund industry through education and advocacy, the Hedge Fund Association ( HFA) announced that Adam J. Steinberg, a financial communications consultant in Beijing, has been tapped to […]
Neuberger Berman Launches an Array of Hedge Fund Strategies in a Mutual Fund Structure
New York (HedgeCo.net) – Neuberger Berman Group LLC, has launched the Neuberger Berman Absolute Return Multi-Manager Fund. The new fund is focused on absolute returns by allocating its assets to multiple hedge fund advisers that employ distinct alternative investment strategies. This the first […]
Hedge assets to gain $1trn each year for next five
World Finance – The predictions come as the trade evolves beyond its entrepreneurial, private roots to meet investor and regulator demands for greater transparency and more robust operations. A recent Citigroup survey predicted that hedge funds could lure $2trn in […]
Gupta Loses Bid on Wiretaps of Goldman’s Loeb, Rajaratnam
BusinessWeek – Rajat Gupta, the former Goldman Sachs Group Inc. director accused of insider trading, lost a bid to have a jury hear wiretaps of Goldman Sachs executive David Loeb tipping Galleon Group LLC co-founder Raj Rajaratnam. Gupta, who has pleaded not […]
Goldman Sachs Hires Schwartz Back To Run Asia Pacific
Bloomberg – Goldman Sachs Group Inc. (GS) brought back Mark Schwartz to run its Asian business from Beijing, after an 11-year hiatus during which he ran George Soros’s hedge-fund group and started an investment firm with Raj Rajaratnam. Schwartz, 57, will also be vice chairman […]
Insider Trading Case Focuses On Defendant’s Character
DealBook – The federal judge overseeing the insider trading trial of Rajat K. Gupta made it clear from the outset that he would limit evidence related to the defendant’s extensive charitable works and humanitarian acts. “If Mother Teresa were here and charged […]
Book Review: Stories Of Tax Evasion And Hedge Fund Fraud By An IRS Insider
New York (HedgeCo.net) – Tax evasion and fraud do not discriminate and can be perpetrated by anyone – from middle-class Americans to high profile celebrities starting with Al Capone, Willie Nelson, and continuing more recently with Wesley Snipes. Bruce Bronstein […]
UCITS Hedge Funds Down -0.70% in May 2012
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy Index continues its downward trend with a setback of -0.70% in May 2012 after its drop of -0.36% and -0.34% in April and March respectively. The largest part of the May loss […]