Archive for July, 2011
New Documentary: Chasing Madoff
Produced by Cohen Media Group, the film/documentary covers the struggle of whistleblower Harry Markopolos in his quest to expose the truth behind the infamous Madoff hedge fund Ponzi scheme. Director Jeff Prosserman’s new documentary will release in theaters on August 26, 2011. “Throughout the decade long investigation, Markopolos pieced together a chain of white-collar predators [...]
Madoff Trustee Secures $1 Billion for Investors
Press Release: Irving H. Picard, the Trustee for the SIPA liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”), today announced that he has reached a settlement with more than a dozen domestic and foreign investment funds, their affiliates and a former chief executive associated with Rye, New York-based Tremont Group Holdings, Inc., the multi-billion-dollar [...]
LightSquared Launches Emergency Rapid Response Team
Billionaire hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, is to invest in next generation satellite communications technology directed at public safety, “Push-to-Talk.” In addition, LightSquared has formed its own Emergency Rapid Response Team that is prepared to travel to troubled areas to assist first responders at the local, tribal, state and federal [...]
7 Hedge Fund Convictions Over The Weekend
Over the weekend there were hedge fund fraud related convictions in the US, Australia and Germany. All have been sentenced to jail time. US: Five employees for hedge fund manager A&O Resource Management Ltd were sentenced for their part in a $100 million fraud scheme. “Brent Oncale (the founder) and his co-conspirators operated a sham investment company that turned [...]
Hedge Funds And Their Game Theory Applications
Connecticut hedge fund manager AQR Capital Management has launched a reinsurance group to develop investment strategies that have low correlation with traditional markets and hedge funds. The group will be run by David G. Kabiller and game theorist Andrew J. Sterge, PhD. “AQR’s view of reinsurance conforms to the firm’s general approach to new investment frontiers.” Kabiller said, [...]
Mastering The Machine, A New Yorker Review
In the July 25, 2011, issue of The New Yorker, in “Mastering the Machine”, John Cassidy talks to Ray Dalio and gets an exclusive look inside Bridgewater Associates, the world’s biggest hedge fund, of which Dalio is the founder. Dalio, in the tradition of George Soros and Julian Robertson—famous speculators who ranged across markets—is a “macro” [...]
Hedge Funds At $116.2 Billion In July 2011
Highlights from this month’s EurekaHedge report include: Hedge funds outperform underlying markets in 2nd quarter by 0.78% but remain flat YTD (+0.33%) All strategies delivered negative returns for only the fourth time in the last ten years Net asset flows remained positive for the seventh consecutive month – US$2.6 billion Net asset flows for 1H 2011 [...]
Hedge Fund Making A Splash In Sweden!
Stockholm – Swedish systematic fund manager ALFAKRAFT is probably best known from its energy trading business. In 2000 hedge fund manager Bengt Lindblad started trading in electricity, setting up one of the world’s first electricity (hedge) funds, According to Nordic hedge fund source. With this experience, returning in excess of 30% per year, at times [...]
Regulatory Oversight: SEC Sees An Avalanche Of Mid-Year Hedge Fund Filings
Footnoted has compiled some research on the SEC’s mid-year statistics on corporate disclosures, based on figures compiled by Morningstar Document Research. Financial firms generate the greatest number of filings. Both this year and last, hedge fund giant BlackRock made the most filings, with 2,368 and 2,313 in the first halves of 2011 and 2010, respectively. [...]
11th Annual Nonprofit Award Nominations: Canyon Capital Advisors, Contrarian Capital Management and Third Point
Canyon Capital Advisors, Contrarian Capital Management and Third Point have been nominated for the Hedge Fund Of The year 2001, at the 11th Annual Nonprofit Awards. The awards recognize the foundations, endowments, consultants, marketers and investment managers who stood out for their successes, achievements and contributions over the past year. “They’ve done a nice job [...]
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