Tag Archives: hedge-fund-manager
Former chairman of GM financial arm charged in Madoff-related fraud
WSWS – New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion […]
Giving Up the Hedge-Fund Rat Race At Age 28
Wall Street Journal Blogs – Wasim Rehman, the 28-year-old head of risk controls at the hedge fund manager Marshall Wace, has resigned from the partnership and plans to retire from the investment industry. In a statement to the market this […]
SEC Halts Canada/China Hedge Fund Fraud
West Palm Beach (HedgeCo.net) – The Securities and Exchange Commission filed a restraining order yesterday to halt an on-going multi-million dollar Ponzi scheme. The SEC says that Defendant, Toronto hedge-fund manager Weizhen Tang, orchestrated the fraud through an overseas hedge […]
Why Hedge Fund Managers Shouldn’t Lever Up
Howard Marks of Oaktree Capital, whatever his merits as a hedge-fund manager, is a spectacularly good memo-writer. And his latest makes a particularly germane point: Once you decide to lever a fund, “risk management” becomes more important than “portfolio management.” […]
Hedge Fund Manager Silk Invest Launches Two Equity Funds
West Palm Beach (HedgeCo.net) – FSA regulated asset manager, Silk Invest Ltd, successfully launched the African Lions Fund and the Arab Falcons Fund, which helped the hedge fund manager achieve its goals in becoming a specialist in Arab and African […]
Strong Performance In First Six Months For ACP Fund
West Palm Beach (HedgeCo.net) – London hedge fund manager ACP Partners, which is soon to merge with TriAlpha Investment Advisors, said that their long/short eguity strategy fund, ACP Financial Opportunities, has beaten its benchmark by over 65% in its first […]
Update – Hedge Fund Manager Capitalises On Mispriced Asian Performing Debt
West Palm Beach (HedgeCo.net) – Singapore hedge fund manager, 3 Degrees Asset Management, is launching ADF Prime Ltd, a credit opportunities fund that will invest primarily in the performing debt obligations of Asian companies that have been mispriced as a […]
N.Y. hedge-fund manager accused of Ponzi scheme
Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances. Stein, who […]
Hedge fund manager Fairfield Greenwich charged over Madoff fraud
Times Online – Fairfield Greenwich, the hedge fund manager founded by socialite Walter Noel, became the first fund that invested with disgraced fund manager Bernard Madoff to be charged with fraud. William Galvin, Massachusett’s Secretary of State, today accused the […]
Ponzi Funds Said Missing
Wall Street Journal – Prosecutors said $160 million is unaccounted for in a Ponzi scheme allegedly run by hedge-fund manager James Nicholson. At a bail hearing Thursday, Assistant U.S. Attorney Maria E. Douvas said the government’s investigation showed that $293 […]
Man Group to Cut Jobs as Profit Falls, Assets Drop
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]
Man Group shares jump as payout is maintained
Marketwatch – Shares in hedge fund manager Man Group jumped around 11% Thursday after the firm maintained its dividend payout and launched a new investment management business. The firm said it expects adjusted pretax profit for the year ending March […]