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July 25, 2008 1:27:04 PM CDT

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Stories related to: hedge fund

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  • July 2008

    • Demonizing Shorters Won't Save the Likes of Lehman

      newser  |  New York  |  Jul 19, 08 9:34 AM CDT

      Demonizing Shorters Won't Save the Likes of Lehman

      Short-sellers have the power to utterly crush Lehman Brothers, as they did Bear Stearns, writes James Cramer in New York , but it's largely Lehman's own fault. Lehman shares much of the "mismanagement, arrogance and recklessness" that brought down Bear, Cramer opines in a piece that says excoriating short-selling hedge funds for running down Lehman stock, and accusing them of manipulation, misses the point. More »

      Tags

      Bear Stearns  • SEC  • hedge fund  • Lehman Brothers  • financial markets  • short selling

    • Israel to Judge: I Did Attempt Suicide

      newser  |  Associated Press  |  Jul 3, 08 11:24 AM CDT

      Israel to Judge: I Did Attempt Suicide

      A hedge-fund cheat who faked his death to try to dodge a 20-year prison sentence has told a judge that he did actually try to commit suicide this week. Samuel Israel appeared in Manhattan federal court today for a new charge that could get him an extra 10 years. More »

      Tags

      suicide  • fraud  • hedge fund  • fugitive  • Samuel Israel  • Bayou Group

    • Fugitive Hedge- Fund Swindler in Feds' Custody

      newser  |  Associated Press  |  Jul 2, 08 11:02 AM CDT

      Fugitive Hedge- Fund Swindler in Feds' Custody

      It's official: Samuel Israel definitely isn't dead. The fugitive hedge-fund swindler turned himself in today, federal authorities say. Israel disappeared last month on the day he was supposed to report to federal prison. His car was found parked near a bridge over the Hudson River, with the words "suicide is painless" scrawled in the dust on the hood, leading to brief speculation that Israel had killed himself. More »

      Tags

      suicide  • hedge fund  • fugitive  • Samuel Israel  • Bayou Group

  • June 2008

    • Girlfriend of Fugitive Fund Chief Charged

      newser  |  Associated Press  |  Jun 19, 08 6:21 PM CDT

      Girlfriend of Fugitive Fund Chief Charged

      The girlfriend of a hedge fund swindler whose car was found abandoned in New York has been charged with helping him elude his sentence. Police arrested Debra Ryan today and accused her of aiding and abetting the escape of Samuel Israel III, who bilked investors out of $450 million. He failed to report to prison, and police say he left his car by a bridge and faked his own suicide. More »

      Tags

      hedge fund  • fugitive  • Samuel Israel  • Bayou Group

    • Email May Toast Arrested Bear Fund Managers

      newser  |  Wall Street Journal  |  Jun 19, 08 10:16 AM CDT

      Email May Toast Arrested Bear Fund Managers

      A pair of former Bear Stearns hedge-fund managers arrested today on federal fraud charges could be done in by an email in which one described their market position as "toast"—days before telling investors it was "quite comfortable." Matthew Tannin and Ralph Cioffi will be indicted later today in a collapse that cost investors $1.6 billion, the Wall Street Journal reports. More »

      Tags

      Bear Stearns  • hedge fund  • indictment  • securities fraud  • wire fraud

    • Industry Shakeout Clips Hedge Funds

      newser  |  Wall Street Journal  |  Jun 17, 08 3:22 AM CDT

      Industry Shakeout Clips Hedge Funds

      A massive shakeout is transforming the world of hedge funds, the Wall Street Journa l reports. Tougher market conditions mean smaller funds are merging or closing their doors, and new ones are facing difficulty getting started. The business, which mushroomed from a few hundred firms to 8,000 over a decade, is increasingly dominated by "goliath" funds managing over $5 billion in assets. More »

      Tags

      hedge fund  • investment  • financial markets  • asset management  • capital  • capital markets

    • Many Retirees Will Have Less Than They Think

      newser  |  Economist  |  Jun 16, 08 5:21 PM CDT

      Many Retirees Will Have Less Than They Think

      Many employees will enter retirement with a much smaller income than they expect, the Economist reports. By 2014, the amount of money saved in direct-contribution retirement plans—ie 401Ks—will outpace than the amount saved in old-fashioned direct-benefit plans. But workers set contributions to their DC schemes at lower levels than might have been set aside in DC schemes.  Add poor investment decisions, and many pensioners could end up with half the retirement income they would’ve drawn under DB. More »

      Tags

      hedge fund  • retirement  • investment  • income  • pensions  • employers  • pension funds

    • Citi Pulls Plug on Hedge Fund CEO Founded

      newser  |  Wall Street Journal  |  Jun 12, 08 9:47 AM CDT

      Citi Pulls Plug on Hedge Fund CEO Founded

      Citigroup will close Old Lane Partners, a hedge fund co-founded by CEO Vikram Pandit, after months of lackluster returns and the loss of its top managers, the Wall Street Journal reports. The investment bank bought the fund’s management group for $800 million less than a year ago; Citi will buy its remaining assets and take a writedown in the second quarter. More »

      Tags

      credit crisis  • Citigroup  • hedge fund  • writedowns  • Vikram Pandit

    • With No Body, Cops Doubt NY Banker's Suicide

      newser  |  Wall Street Journal  |  Jun 11, 08 11:31 AM CDT

      With No Body, Cops Doubt NY Banker's Suicide

      An international manhunt is now under way for a former hedge-fund manager who disappeared the day he was to begin serving a prison sentence for defrauding investors. A car belonging to Samuel Israel III was found Monday at a bridge over New York's Hudson River, the Wall Street Journal reports; though bodies of suicide jumpers are normally found quickly, there's no sign of Israel. More »

      Tags

      suicide  • fraud  • hedge fund  • investment bankers  • Samuel Israel  • Bayou Group

    • Hedge Fund Fraud Missing; Suicide Possible

      newser  |  Wall Street Journal  |  Jun 10, 08 2:23 PM CDT

      Hedge Fund Fraud Missing; Suicide Possible

      Police aren't ruling out suicide as a New York hedge-fund manager due to begin serving a 20-year prison term yesterday remains missing, the Wall Street Journal reports. Police found Samuel Israel's car parked near a bridge over the Hudson, with “Suicide is painless” written in dust on the hood. More »

      Tags

      suicide  • fraud  • hedge fund  • Samuel Israel  • Bayou Group  • white collar crime  • defrauding investors

    • Buffett Bets Big Against Hedge Funds

      newser  |  CNNMoney  |  Jun 10, 08 12:16 PM CDT

      Buffett Bets Big Against Hedge Funds

      Warren Buffett has a lot of money to put where his mouth is. The Oracle of Omaha has bet $320,000 that the market, as measured by the S&P 500, will beat a collection of five carefully selected hedge funds, reports CNNMoney. Taking him on is Protégé Partners, a firm that picks—what else?—mutual funds. More »

      Tags

      stock market  • S&P 500  • hedge fund  • Warren Buffett

  • May 2008

    • CBS Shells Out $1.8B to Buy CNET

      newser  |  Wall Street Journal  |  May 15, 08 8:33 AM CDT

      CBS Shells Out $1.8B to Buy CNET

      CBS has agreed to buy CNET for $1.8 billion, the Wall Street Journal reports. The merger comes just as CNET was facing a full-scale shareholder revolt. Now, those investors are getting $11.50 a share, a price the stock hasn’t touched in two years and a 45% premium on yesterday’s close. Those shares immediately soared to $11.30 in premarket trading. More »

      Tags

      Internet  • mergers and acquisitions  • CBS  • hedge fund  • investors  • Leslie Moonves  • CNET

  • April 2008
  • March 2008

    • Banks Need to 'Fess Up on Risk: G7 Panel

      newser  |  Wall Street Journal  |  Mar 29, 08 5:14 PM CDT

      Banks Need to 'Fess Up on Risk: G7 Panel

      Top financial regulators today challenged banks to come clean about risks they face, the Wall Street Journal reports. The Financial Stability Forum, a worldwide team of financial honchos—including several central bank chiefs—concluded that “hording of liquidity” was leading to “severe strains” in the lending market. Only greater transparency, they said, could restore lending confidence. More »

      Tags

      hedge fund  • credit market  • sovereign wealth funds  • credit market chaos  • central bank  • transparency

    • Art Funds Looking Far East

      newser  |  Bloomberg  |  Mar 20, 08 11:54 AM CDT

      Art Funds Looking Far East

      With major economies slowing and the US dollar near historic lows, art investment funds are looking to move away from the slowing Western art market, Bloomberg reports. Funds are sinking millions into works from China, India, and the Middle East. One leading fund has met its target for contemporary Chinese art and is aiming to expand into older works. More »

      Tags

      art  • hedge fund  • art market  • Christie's  • investment  • Fine art market

    • Hedge Funds Cash In on Collapse of Bear

      newser  |  Wall Street Journal  |  Mar 20, 08 9:25 AM CDT

      Hedge Funds Cash In on Collapse of Bear

      The epic collapse of Bear Stearns didn't mean bad news for everyone on Wall Street—several big hedge funds made a mint off it, the Wall Street Journal reports. The funds essentially placed bets that Bear would stumble, then raked in millions when the security firm's shares took a nosedive. The SEC is investigating to make sure profiteers did not have insider knowledge of the coming collapse. More »

      Tags

      Wall Street  • Bear Stearns  • SEC  • hedge fund  • short selling  • Harbinger Capital

    • Chelsea Shows Best of Both Clintons

      newser  |  New York  |  Mar 1, 08 6:23 PM CST

      Chelsea Shows Best of Both Clintons

      Chelsea Clinton has come into her own on the campaign trail, “self-assured, soothing … at once affable and urbane,” even “the ideal amalgam of her parents’ political talents,” glows Lloyd Grove in a New York profile. Bill and Hillary have adroitly managed their daughter's public persona, obsessively keeping the press away from her—even making comedians sorry for Chelsea jokes—but she is now orchestrating her own political coming-out, Grove says. More »

      Tags

      Hillary Clinton  • Bill Clinton  • media  • hedge fund  • Chelsea Clinton  • Stanford  • Monica Lewinsky  • Grey's Anatomy

  • February 2008

    • Spending Spree Puts Abu Dhabi Under Spotlight

      newser  |  New York Times  |  Feb 28, 08 3:23 PM CST

      Spending Spree Puts Abu Dhabi Under Spotlight

      When Abu Dhabi's investment arm poured $7.5 billion into Citigroup, to bail out America's biggest bank, the move didn't escape notice in Washington. The world’s biggest sovereign wealth fund has been flexing its muscle, making increasingly aggressive investments  in foreign interests, the New York Times reports. And though there’s nothing to suggest it has any goals beyond making money, the secretive fund is raising some concerns. More »

    • Citi Blocks Hedge Fund Withdrawals

      newser  |  Wall Street Journal  |  Feb 15, 08 1:35 PM CST

      Citi Blocks Hedge Fund Withdrawals

      Still struggling with billions of dollars in subprime losses, Citigroup blocked nervous investors from bailing out of a hedge fund specializing in corporate debt, reports the Wall Street Journal. Investors tried to pull more than 30% of $500 million in assets from CSO Partners, which posted an 11% loss last year and was re-funded with $100 million from Citigroup last month. More »

      Tags

      subprime mortgages  • Citigroup  • hedge fund  • Vikram Pandit

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