Monthly Archives: June 2008
Judge denies bail in hedge fund fraud case
Telegram.com – Convicted swindler Amit Mathur will remain in federal custody for the next three months, a federal judge ruled today. In denying Mr. Mathur’s bid to be released on bail until his sentencing, scheduled for Sept. 5, U.S. District […]
Korean-American Fund Manager Trades Grains for Gains
Digital Chosunilbo- A Korean American is emerging as a star fund manager and an especially astute futures trader on the Wall Street hedge fund scene. Paul Kim is the founder and "Chief Visionary Officer" of mISFIT Financial Group. According to […]
Hedge Fund Expansion Into Development Property
West Palm Beach (HedgeCo.net)- Hedge fund Three Arch Investors has begun buying tracts of abandoned development land in California. “Property and land values in California have dropped to very low lows and at some stage they will recover." John Godden, […]
Wall Street broker acquitted of gym member assault
International Herald Tribune- A Wall Street stock broker accused of throwing a fellow health club member into a wall during a cycling class has been acquitted. A Manhattan Criminal Court jury found 44-year-old Christopher Carter not guilty of assault against hedge-fund […]
Schwartz facing reluctancy with JPMorgan job offer
New York (HedgeCo.Net) – Alan Schwartz may be having second thoughts about his new position at JPMorgan Chase, reports the New York Post. According to the paper, the former Bear Stearns CEO is contemplating JPMorgan’s offer for a non-executive vice […]
Man Group Sells Guaranteed Managed Futures Fund in Hong Kong
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund manager, began selling a managed futures fund with a capital guarantee to Hong Kong individuals seeking protection from falling stock markets. Man AHL Guaranteed Futures 3 Ltd. will […]
Candy companies blame higher prices on hedge funds
Baltimore Sun- The price of Cadbury PLC’s Caramello candy bar is up 10 percent over the past 12 months, raising a sticky question: Are hedge funds to blame? Soaring cocoa prices are driving up the cost of chocolate around the […]
Pensions Picking Dollars, Shorted by Hedge Funds
Bloomberg- Whenever pension funds, mutual funds and insurance companies decide they should own dollar assets that are out of favor with hedge funds, the hedge funds lose. Institutional investors bought more dollars than they’ve sold this year, according to State […]
Putin Denies Knowing of Banned Hedge Fund Manager Bill Browder
Bloomberg – Prime Minister Vladimir Putin said he’s “never heard of” Bill Browder, founder of the hedge-fund firm Hermitage Capital Management Inc. who has been barred from Russia since November 2005. “I never heard of that name before,” Putin said […]
AdultVest Hedge Fund Acquires iPorn
West Palm Beach (HedgeCo.Net)- Francis Koenig, Chairman of AdultVest Inc., announced the acquisition of iPorn.com. The acquisition coincides with the firm’s online marketplace topping $7 Billion in available capital for adult industry related investments. "We are very excited about the […]
Hedge Funds Want More Back
A relic from Russia’s debt default a decade ago is threatening the country’s economic resurgence by forcing more than 200 companies to increase the interest they pay to as much as 16 percent. With bond yields rising worldwide as the […]