Monthly Archives: August 2011

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Goldman Takes a Dark View – Wall Street Journal

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Goldman Takes a Dark ViewWall Street JournalWall Street firms have sought to sell hedge funds ideas for trades that would pay off under dire circumstances in the past. Before the financial crisis of 2008, Goldman and other top Wall Street firms pitched… Continue reading

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Diamondback fund to pay $1m to SEC – Financial Times

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Diamondback fund to pay $1m to SECFinancial TimesDiamondback Capital Management, a Connecticut hedge fund, agreed to pay $1m to the Securities and Exchange Commission to resolve an insider trading case involving a former employee. Anthony Scolaro, a fo… Continue reading

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Diamondback fund to pay $1m to SEC

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Hedge fund resolves case over inside trader Anthony Scolaro, a former employee who has pleaded guilty to the offence Continue reading

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SEC Says Assets Of Illinois Startup Hedge Fund, Manager Frozen – Wall Street Journal

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Hedge Funds Review MagazineSEC Says Assets Of Illinois Startup Hedge Fund, Manager FrozenWall Street JournalThe Securities and Exchange Commission said the assets of a Chicago-area money manager and his hedge fund were frozen, a move that stems from al… Continue reading

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Salesman "knew full well" he passed inside tips: Attorney – Reuters

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New York TimesSalesman "knew full well" he passed inside tips: AttorneyReutersNEW YORK (Reuters) – A former Silicon Valley sales manager put company insiders together with hedge fund clients, knowing that corporate secrets would pass between … Continue reading

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NY judge sends Conn. hedge fund worker to prison – Houston Chronicle

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NY judge sends Conn. hedge fund worker to prisonHouston ChronicleNEW YORK (AP) — A Connecticut hedge fund worker who made more than $11 million through illegal trades has been sentenced in New York to 6 1/2 years in prison. Craig Drimal (DRIH'-mo… Continue reading

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Ex-Galleon Fund Trader Drimal Gets Five-Year Sentence for Insider Trading – Bloomberg

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Daily MailEx-Galleon Fund Trader Drimal Gets Five-Year Sentence for Insider TradingBloombergFormer Galleon Group LLC hedge fund trader Craig Drimal was sentenced to 5 1/2 years in prison after admitting his part in an insider-trading scheme that stretc… Continue reading

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Pensions using hedge funds don’t always know risks: GAO – Reuters

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Hedge Funds Review MagazinePensions using hedge funds don't always know risks: GAOReutersWASHINGTON (Reuters) – More and more US pension plans are investing in hedge funds, even though the plans' administrators struggle to understand what is in… Continue reading

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Hedge Fund Managers Scoop Up This Stock – Forbes

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Hedge Fund Managers Scoop Up This StockForbesMarket Folly's Hedge Fund Wisdom newsletter notes that Sensata was a consensus pick among major hedge funds in the second quarter. “Scout Capital increased its position by 25%, Lone Pine Capital and Bl… Continue reading

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SEC Says Assets Of Illinois Startup Hedge Fund, Manager Frozen – Wall Street Journal

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Hedge Funds Review MagazineSEC Says Assets Of Illinois Startup Hedge Fund, Manager FrozenWall Street JournalThe Securities and Exchange Commission said the assets of a Chicago-area money manager and his hedge fund were frozen, a move that stems from al… Continue reading

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