Burlington hedge fund agrees to pay $1M fine
The Lowell Sun – A Burlington hedge fund and its former manager have agreed to pay more than $1 million for trading on inside information surrounding the Citizen Bank’s $10.5 billion purchase of...
View ArticleEnergy Hedge Funds Sputter Despite Soaring Markets
CNNMoney.com- Oil and natural gas prices have soared to new highs this year, but most energy hedge funds are having trouble turning a profit in their trades. Energy hedge fund managers interviewed by...
View ArticleRegulators have hedge funds in their sights again
RightSide Advisors- Nimbleness and creativity are qualities rarely ascribed either to America’s financial regulators or to Congress. Perhaps that is one reason why both groups continue to fumble over...
View ArticleGSA eyes $1 bln limit for Alpha Capture hedge fund
Reuters- Hedge fund firm GSA Capital plans to raise a further $200-$300 million for its new Alpha Capture fund, which aims to use top stock ideas from investment banks for its trades, the company told...
View ArticleSmall payback belies big impact of 2003 mutual-funds
Seattle Times – Five years ago, the mutual- fund world was rocked by the biggest scandal in its 80-year history. Fund companies gave some customers trading privileges that weren’t open to everyone;...
View ArticleHedge Funds Pulled Back From Lehman Prime Bkg Before Bankruptcy
CNNMoney.com – Hedge funds were leaving the prime brokerage business of Lehman Bros. (LEH) long before Lehman filed for Chapter 11 bankruptcy Sunday, and now, business there has all but stopped,...
View ArticleCredit Derivatives Market Shrinks 12% as Dealers Reduce Trades
Bloomberg – Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on...
View ArticlePickens hedge fund has lost more than $1 billion
Houston Chronicle – Boone Pickens, the billionaire founder of BP Capital LLC, said 15 percent of his hedge funds’ holders have asked for the option to withdraw their money after he lost more than $1...
View ArticleIcap slumps as barometer reflects banks troubles
Times Online – Some called it chutzpah. Some were more charitable, describing it as an exercise in putting on a brave face. Whatever it was, Michael Spencer’s claim that it was business as usual at...
View ArticleHedge Funds Score a Victory in Short-Selling Rules
New York Times Blogs – Turns out hedge funds will not have to publicly disclose their secret strategies after all, at least not any time soon. The reprieve for the industry came late Wednesday. The...
View ArticleVW squeeze may hit hedge funds frozen by Lehman
Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close....
View ArticleHedge funds count the cost of trading losses
Guardian.co.uk – Hedge funds and banks are expected to bear the brunt of derivative losses estimated at $15bn (£9.4bn) linked to the collapse of Iceland’s three major banks – Landsbanki, Glitnir and...
View ArticleTriple A seeds new hedge fund by Hong Kong’s EIP
Reuters HK – Triple A Partners, an alternative fund firm specialising in seeding new managers, said on Tuesday it would invest an initial $20 million in a new hedge fund launched by Hong Kong’s...
View ArticleHedge Fund Tracking: Lee Ainslie’s Maverick Capital, Q3 2008
Seeking Alpha – This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. We’ve already covered Whitney Tilson’s T2 Partners, Peter Thiel’s Clarium Capital, Bill Ackman’s...
View ArticleLehman may force collapse of hedge funds
The Daily Deal - Lehman Brothers Holdings may have gone bankrupt eight weeks ago, but the filing continues to reverberate throughout the financial world and even in some unexpected places like the...
View ArticleResearch Edge, LaBranche In Research/Trading Partnership
CNNMoney.com – When Keith McCullough left his hedge fund job last October to start an independent research company, it may have seemed like a curious move. Fourteen months, a highly prescient call on...
View ArticleU.S. hedge funds bleeding, one gone
SF Gate – There probably won’t be many tears for Larkspur’s Copper River Management LLC. The $1 billion hedge fund’s partiality to short selling earned it obloquy, lawsuits and, ultimately, death. No...
View ArticleHedge funds return to roots as alpha claim refuted
Reuters – Hedge funds are set to return to their roots as niche products for the happy few as they have been unable to deliver the gleaming returns they were promising ever since the start of the...
View ArticleHK’s Bank of East Asia posts first loss in four decades
Forbes – Bank of East Asia, Hong Kong’s fifth-largest lender, posted a bigger-than-expected second-half loss and slashed its dividend, after selling a debt portfolio at a steep loss. The bank (BEA),...
View ArticleSmall Caps Stand to Gain When Hedge Funds Jump Back In
Seekingalpha.com – To understand which segments of the U.S. equity market were most affected by hedge fund selling pressures late in 2008, a good place to look is 13F filings with the SEC. These are...
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