Monthly Archives: June 2011
Ex-SAC Trader paints bad portrait of insider trading at hedge funds
FierceFinance – Former SAC Capital employee Noah Freeman took the strand as a government witness last week in the trial of expert networking consultant Winifred Jiau. And he managed to paint a damning portrait of the hedge fund industry. Not […]
Survey: Co-domiciled Hedge Funds On The Rise
New York (HedgeCo.net) – A survey report released today by RBC Dexia and KPMG predicts that hedge fund managers will continue to create EU-domiciled hedge funds to complement their Cayman Islands or other offshore offerings, but that the QIFs and SIFs were […]
Hedge Fund Commentary: Institutional Investors Finally Allocating to CTAs
New York (HedgeCo.net) – There has been a recent rise in demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this […]
Goldman Sachs Criminal Probe May Use Powerful New York State Law
BusinessWeek – The criminal investigation of Goldman Sachs Group Inc. by the Manhattan District Attorney’s Office has at its disposal a 90-year-old New York law that makes it easier for state prosecutors to bring charges than their federal counterparts. District Attorney […]
Man and machine suffer in tough May for hedge funds
Money Control – Hedge funds run by computers and star managers alike were hit by May’s choppy markets, as many funds were unable to recoup the heavy losses suffered in the commodities sell-off at the start of the month. Computer-driven […]
At trial, ex-manager details SAC insider trades
Reuters – A former portfolio manager at billionaire Steven Cohen’s hedge fund said he engaged in insider trading “a number of times” at that firm and one other, as he testified at the trial of a technology consultant. Noah Freeman, […]
Michael Lipper: how I measure hedge funds’ shadows
CityWire – One of the ways that I try to give back to a society that has been very good to me and to my family is to volunteer at six non-profits. Often I sit on or chair investment and/or […]
Dow Jones’ Hedge Fund Index: Venture Capital Up 23% For 2010
New York (HedgeCo.net) – The estimated market value of venture capital-financed companies in the U.S. rose 19% in 2010’s fourth quarter and 23% for 2010, according to the Dow Jones U.S. Venture Capital Index. The index’s performance topped the Dow […]
Emerging Market Hedge Funds Up 6.5%
New York (HedgeCo.net) – Quarterly asset total increased by more than 6.5 percent as hedge fund investors raised exposure to emerging Asia and Russia, industry tracker Hedge Fund Research (HFR) said in a statement. Pharos Russia Funds said that, “The […]
Emerging market hedge fund assets at record $121 bln – HFR
Reuters – Assets managed by hedge funds betting on emerging markets rose to more than $121 billion in the first quarter of 2011, toppling the previous record of $117 billion set in 2007, according to data released by industry tracker […]
Billionaire Leon Cooperman Keeps Fighting With Controversial Hedge Fund Manager
Forbes – A fund of hedge funds connected to billionaire investor Leon Cooperman has sued embattled hedge fund manager Stephen Hicks for fraud, seeking $5 million in damages related to a bitter three-year battle over an investment redemption. Pine Street […]
Insider Trial Opens With Focus on Expert Networks
DealBook – As a consultant for an expert network, Winifred Jiau stood at the nexus of a scheme to leak the valuable secrets of companies to hedge funds for a sizable profit, a federal prosecutor said Thursday during opening statements […]