Monthly Archives: June 2011
Telegraph.co.ukFinance groups accused over Libyan lossesFinancial TimesThe $65bn Libyan Investment Authority gave scathing judgments on portfolios run by France's BNP Paribas, Credit Suisse and the Permal fund of hedge funds, according to an intern… Continue reading
Hedge fund emissaries to get an audience with Gov. MalloyGreenwich TimePhoto: File Photo / Connecticut Post File Photo Several major players in the hedge fund world — an industry said by insiders to be developing a chip on its shoulder in terms of its… Continue reading
New York TimesFormer Expert-Network Consultant Pleads Guilty in Insider ProbeWall Street Journal"PGR paid me for providing material, nonpublic information, mostly by telephone, to its hedge-fund clients," Mr. Longoria said. "I believed a… Continue reading
New York TimesEx-AMD Employee Mark Longoria Pleads Guilty to Securities Fraud SchemeBloombergMark Anthony Longoria, a former employee of Advanced Micro Devices Inc. (AMD) charged in a US probe of insider trading by hedge fund managers and expert networ… Continue reading
EU hedge fund rules in focus as Business Bermuda visits GenevaRoyal GazetteThe introduction of Alternative Fund Managers Directive (AIFMD) was top of the agenda for Business Bermuda at the Geneva Hedge Fund Re-domiciliation conference for Managers &… Continue reading
JD Clark & Co. Wins Utah's Best of State Award for AccountingMarketWatch (press release)SALT LAKE CITY, Jun 30, 2011 (BUSINESS WIRE) — JD Clark & Company, a division of UMB Fund Services offering back-office services for the hedge fund ind… Continue reading
Portfolio.comNew date of Sept. 27 for Rajaratnam sentencingReutersNEW YORK, June 30 (Reuters) – Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on Sept. 27, a federal judge ordered on Thursday, postponing the proceeding from July … Continue reading
Telegraph.co.uk$100 Million ATM Receipt Found In Hamptons, Said To Belong To David TepperHuffington PostDealBreaker later identified the account holder as David Tepper, a hedge fund manager and founder of Appaloosa Management. The site reports that Tep… Continue reading
Lawyer sentenced in insider trading scheme in NYCWall Street JournalAP NEW YORK — A lawyer has been sentenced to prison for his role in what prosecutors have called history's biggest hedge fund insider trading case. Arthur Cutillo got a 2 1/2 yea… Continue reading
Why High Net Worth Individuals Are Running Away From Hedge FundsBusiness InsiderAnd new hedge fund launches have reached their highest levels since 2007, with nearly 300 hedge funds launched in the first quarter of this year, according to HFR. However,… Continue reading