Archive for February, 2012
Why CitiGroup Hid Its Hedge Fund Numbers
This coming April issue of Bloomberg Markets magazine reports that four of Citi’s seven biggest hedge funds have underperformed their indexes since they started, according to investors. Five of the seven lost money in 2011. The last time Citigroup told shareholders how its Citi Capital Advisors hedge fund group (CCA) performed was the first quarter [...]
Former Yankees Manager Wins Hedge Funds Care Award for his work with the Joe Torre Safe at Home Foundation
Former Yankees Manager, Joe Torre is being awarded the 2012 Hedge Funds Care Founder’s Award for his work with the Joe Torre Safe at Home Foundation. Torre will receive the award at the 14th Annual New York Open Your Heart to the Children Benefit on Thursday, March 1, 2012 at Cipriani 42nd Street. The evening will feature hors [...]
Hedge Fund Forward Redemptions at 3.14% up from 1.85% in January
Hedge fund administrator GlobeOp Financial Services announced that its Forward Redemption Indicator for February shows notifications at 3.14%, up from 1.85% in January. In line with seasonal adjustment the data continues to reflect the trend of very low redemption levels. “Seasonally adjusted, February continues the recent trend of very low redemption levels,” said Hans Hufschmid, chief executive [...]
US Judge Finds UK Hedge Fund Adviser Guilty Of Securities Fraud
New York Judge Robert W. Sweet issued an Opinion in favor of the SEC finding that United Kingdom-based hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, engaged in securities fraud in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934. New York Judge [...]
Hedge Fund Manager Accused Of Obtaining Insider Information From Google
Hedge fund manager Douglas Whitman and his California-based firm have been charged by the SEC with illegally profiting from insider tips on Google and Polycom, making $980,000 in the process. The SEC alleges in a complaint dated February 10, that Whitman and Whitman Capital obtained insider information on Google and Polycom from an individual investor named Roomy Khan. The two conducted [...]
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