Author Archives: the HedgeCo News Team
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 […]
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 […]
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 Fraudster Manhunt Comes to an End
New York (HedgeCo.Net) – The international man hunt for Sam Israel came to an end yesterday when the hedge fund fraudster turned himself over to authorities. Israel turned himself into the Southwick, Mass., police station around 9:30 a.m., said […]
Hedge funds push boat out for Ark charity
Times Online- This week, some of the City’s wealthiest people will descend on a lavish party in London intent on giving away a large chunk of their personal fortunes. More than 1,100 will pile into the Absolute Return for Kids […]
Hedge Funds Cut Oil Bets as Prices Rose, CFTC Probed
Bloomberg- Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures rose to records and U.S. regulators started investigating trading, government data show. So-called speculative net long positions fell to 25,867 contracts […]
Fund’s Investors In Revolt
New York Post- Angry investors in an embattled $650 million Greenwich hedge moved last week to take control of the fund from Philip and Alan Milton, the brother investment team that had steered the fund through many years of fat […]
UK advises China on private equity industry
Forbes.com – The UK government is advising China on its private equity industry, with the Treasury passing papers on tax and regulation to Beijing, the Financial Times reported. The newspaper said the move reflects London’s desire to gain a strategic […]
Pensions’ Dollars Shorted by Hedge Funds Have History on Side
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 […]
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 […]