Managing Hedge Fund Risk: From the Seat of the Practitioner: Views From Investors, Counterparties, Hedge Funds and Consultants
Law Blog - WSJ.com (Free subscription) | 11/07/2009
The widening probe of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC, one of America's largest and most successful hedge funds.
Market Watch (Free subscription) | 11/06/2009
SAN FRANCISCO (MarketWatch) -- Hedge funds generated a small loss on average in October as this year's rally in equity and credit markets took a breather towards the end of the month, Chicago-based Hedge Fund Research said Friday. HFR's main hedge fund index declined 0.05% in October, according to early reports from managers. Short-biased managers, who mainly bet against stocks and other securities,...
Financial Times (Free subscription) | 11/06/2009
Proposed pan-European regulation of hedge funds and private equity is being introduced on the back of a 'vague, sweeping and inadequate' analysis of the problem, according to a report prepared for European lawmakers
SeekingAlpha.com (Free subscription) | yesterday
Felix Salmon submits: I’m late to Sam Jones’s article about investors who did due diligence on Galleon and decided to stay away, but I think it raises a number of silly ideas which ought to be put to rest. First, it’s worth noting that, ex post, this kind of exercise can be done on any hedge fund. The vast majority of hedge-fund investors, and all big ones, do some kind of due diligence...
Financial Times (Free subscription) | 11/07/2009
The world's biggest private equity company is targeting its competitors and hedge fund managers that have been weakened by the credit turmoil, after it enjoyed a third-quarter rebound
iStockAnalyst.com (Free subscription) | 11/06/2009
Insider Trading Charges14 People Charged in Hedge Fund-Related Insider Trading The hedge fund industry's image took a blow when fourteen individuals were accused of insider trading by federal prosecutors. Stacy-Marie Ishmae has been following the case for [More...]
Market Watch (Free subscription) | 11/06/2009
WASHINGTON (MarketWatch) - Large 'too-big-to-fail' banks should be required to break up into smaller banks within a year, according to legislation introduced by Sen. Bernie Sanders on Friday. "If an institution is too big to fail, it is too big to exist," Sanders said in a statement. The Vermont independnent Senator's legislation would require the Treasury Department to create a list of...
24/7 Wall St. (Free subscription) | 11/06/2009
Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds (FT) The stock market is at risk of not holding 10,000. (TheStreet) AIG (NYSE:AIG) will not hold a conference call to avoid uncomfortable questions about its balance sheet (The Deal) Sales of Microsoft (NASDAQ:MSFT) Windows 7 are outpacing those after the launch of Vista (Apple [...]
SeekingAlpha.com (Free subscription) | 11/06/2009
FINalternatives submits: Hedge funds had been on a roll. But that sweet run ended last week when hedge funds fell by 1.43%, erasing any gains for the month of October. According to analysts at Merrill Lynch, those losses were led by equity long/short hedge funds (-3.0%), macro hedge funds (-1.7%), and commodity trading advisers (-1.3%). Complete Story »
SeekingAlpha.com (Free subscription) | 11/06/2009
Michael Markov submits: The pattern in alpha is as important as its magnitude... - Daniel Li - Michael Markov There is little doubt that wiretapping is a highly effective investigative tool, but we decided to try some less intrusive methods. With $20M in profits allegedly pocketed in the scheme, we thought that there might be a possibility that the effect of these transactions could show up in Galleon’s...
The Street (Free subscription) | 11/06/2009
Citigroup is seeking a do-over -- or at least a makeover -- of the unit containing its troubled hedge fund operations, according to a report in The Financial Times.
Law Blog - WSJ.com (Free subscription) | 11/05/2009
Man Group and GLG, two of London's largest hedge-fund operators, said they are seeing assets under management recover after suffering withdrawals since the middle of last year.
PR News Wire (Free subscription) | 11/05/2009
Charged Defendants Include Hedge Fund Managers, Trading Firm Executives, Lawyers and Corporate Insiders; Five Already Have Pleaded Guilty to Insider Trading Charges
Market Watch (Free subscription) | 11/05/2009
SAN FRANCISCO (MarketWatch) -- A leading federal prosecutor said Thursday that five players in the $1.5 trillion hedge fund industry pleaded guilty to insider trading as a crackdown on the illegal activity grows. The people are: hedge fund consultant Roomy Khan; Choo-Beng Lee and Ali Far, founders and managing partners at Far & Lee and Spherix Capital; Gautham Shankar, a former proprietary trader...
Abnormal Returns (Free subscription) | 11/05/2009
Felix Salmon, “..every move upwards in US stocks or gold or the Aussie dollar or junk-bond indices is another step in exactly the wrong direction: it’s a step towards yet another massive crash. And it’s all being turbo-charged by Fed policy.” (Felix Salmon) Hedge funds have been prime beneficiaries of this ‘carry trade’ as their returns [...]
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