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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: hedge fund

hedge fund stories: 95 news summaries

41 - 60 of 95 Stories | << Prev 1 2 3 4 5 Next >>

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Paydays That Make Even Wall Streeters Blush

Top hedge-fund guru earned $3.7B in 2007 as income gap widens

Apr 16, 08 11:16 AM CDT
(Newser) - Some Wall Street hedge-fund managers earned billions betting against the market last year, with the top of the class, John Paulson, shaking loose $3.7 billion, the New York Times reports. With the US median family income at $60,500, the booty embarrassed even some of his Wall Street peers.... More »

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Wall Street • executive compensation • subprime mortgages • hedge fund • James Simons • George Soros • John Paulson

 Hedge Fund Fraud 
 Gets 20 Years 

Samuel Israel denied leniency in $400M investor 'ponzi scheme'

Apr 14, 08 4:45 PM CDT
(Newser) - The founder of defunct hedge fund Bayou Group was given a 20-year prison term today for bilking investors out of more than $400 million, Bloomberg reports. Samuel Israel must also pay $300 million in restitution for masterminding a “ponzi scheme” in which investment returns were paid with new investors’... More »

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fraud • prison • hedge fund • Ponzi scheme • white collar crime • Samuel Israel • Bayou Group • defrauding investors

Banks Need to 'Fess Up on Risk: G7 Panel

Forum of regulators says transparency needed to end crisis

Mar 29, 08 5:14 PM CDT
(Newser) - 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... More »

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

 Art Funds Looking Far East 

As West's growth slows, managers aim to buy, and sell, in China, Middle East, India

Mar 20, 08 11:54 AM CDT
(Newser) - 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... More »

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art market • art • Christie's • hedge fund • investment • Fine art market • ArtTactic • Security and Exchange Board of India • Phillips de Pury

Hedge Funds Cash In
on Collapse of Bear

Wagering the securities firm stock would fall paid off millions

Mar 20, 08 9:25 AM CDT
(Newser) - 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.... More »

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

Chelsea Shows Best of Both Clintons

On the stump for mom, she looks like a political natural

Mar 1, 08 6:23 PM CST
(Newser) - 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,... More »

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

Spending Spree Puts Abu Dhabi Under Spotlight

After US grabs, officials focus on secretive sovereign wealth fund

Feb 28, 08 3:23 PM CST
(Newser) - 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... More »

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Citigroup • hedge fund • Abu Dhabi • United Arab Emirates • Toll Brothers • Evan Bayh • Abu Dhabi Investment Authority • sovereign wealth funds

Citi Blocks Hedge Fund Withdrawals

Move is latest black eye for bank's alternative investments

Feb 15, 08 1:35 PM CST
(Newser) - 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... More »

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Citigroup • subprime mortgages • hedge fund • Vikram Pandit • CSO Partners

Greenspan Signs On With Mortgage Profiteer

Ex-Fed honcho will advise hedge fund

Jan 15, 08 12:20 PM CST
(Newser) - Paulson & Co. made a fortune as the mortgage crisis unfolded, and now the hedge fund has hired the man some say caused the meltdown. Alan Greenspan, whose actions as chairman of the Fed have been under fire lately, today agreed to advise the firm, which saw one fund rise... More »

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Alan Greenspan • hedge fund • housing crisis • John Paulson • Paulson and Co • subprime crisis

'Miraculous' Crash Survivor Doing Well

Teen has no serious injuries after Panama plane accident

Dec 26, 07 5:23 PM CST
(Newser) - The sole survivor of a plane crash that killed a California businessman and his daughter in Panama is conscious and talking, CNN reports. Francesca Lewis, 13, who survived not only the crash but two days of frigid temperatures before being rescued, has a fractured arm but no life-threatening injuries. "... More »

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Panama • plane crash • hedge fund • accident

Feds Investigate Bear Stearns Fund Manager

Insider-trading probe targets $2M move ahead of fund collapse

Dec 19, 07 12:00 PM CST
(Newser) - The manager of hedge funds that lost $1.6 billion when they went bankrupt in July has left Bear Stearns, and federal investigators are looking into whether he withdrew his own money before the collapse. Ralph Cioffi moved $2 million in March—before the funds tanked in the subprime collapse—... More »

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insider trading • subprime mortgages • Bear Stearns • SEC • hedge fund • Ralph Cioffi

Debut of New Goldman Hedge Fund May Break Record at $10B

Firm spawns first in-house private fund

Dec 17, 07 5:55 PM CST
(Newser) - Goldman Sachs will launch a new stock hedge fund next month with as much as $10 billion, making it the biggest hedge fund debut in industry history, Bloomberg reports, and Goldman's first in-house fund of its kind. The fund, Goldman Sachs Investment Partners, will be run by two Goldman department... More »

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investing • Goldman Sachs • hedge fund

Death Airs Hedge-Fund Excesses

Drowning unleashes rumors of coke binges, male strippers and murder

Dec 5, 07 3:00 PM CST
(Newser) - The legal wrangling that has followed the September death of hedge fund manager Seth Tobias in his Florida swimming pool is sensational enough, the New York Times reports—his wife says he drowned; Tobias' brothers accuse his wife of murder—but details of the high living bankrolled by high finance... More »

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Florida • Wall Street • cocaine • murder • hedge fund • drowning • Seth Tobias

Small Hedge Fund Scores 1,000% Return

Shorting subprime securities may be most profitable bet of all time

Nov 26, 07 3:17 PM CST
(Newser) - A small Californian hedge fund bet against subprime-linked securities and earned its investors a cool 1,000% profit this year, making Lahde Capital one of the world's best-performing funds of all times, the Financial Times reports. In all, hedge funds that shorted subprime loans appear to have made the single... More »

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investing • subprime mortgages • hedge fund • Lahde Capital • Andrew Lahde

Hedge Funds Bounce Back

After summer retreats, stock pickers get back on their game

Nov 19, 07 2:01 PM CST
(Newser) - Despite the uncertain economic climate, hedge funds are rebounding after a rough summer. The mercurial atmosphere is actually helping stock pickers play the markets, the Journal reports. The smart ones predicted the mortgage crunch and are making out well from oil and currencies. "The good managers are taking advantage... More »

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hedge fund

House Passes Alternative Minimum Tax Bill

But bill is unlikely to make it through the Senate unchanged

Nov 10, 07 6:23 AM CST
(Newser) - The House passed a sweeping tax-reform bill yesterday—shifting some $78 billion in taxes from middle-class families to the super-rich—that is expected to get little traction in the Senate and has already drawn the promise of a presidential veto. The bill would exempt middle-income families from the Alternative Minimum... More »

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Nancy Pelosi • private equity • Democrats • House of Representatives • hedge fund • Charles Rangel • Alternative Minimum Tax

Looming Tax
Bill to Test
Dem Loyalties

Bill to help middle
class hurts their hedge-fund backers

Nov 7, 07 8:04 PM CST
(Newser) - A bill to give tax breaks to middle- and low-income people by closing loopholes that keep equity executives’ tax rates low is set for a vote this week in Congress, the Washington Post reports, forcing Democrats to choose between standing up for the common man and protecting the hedge-fund managers... More »

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Congress • hedge fund • equity trading • tax cuts • tax breaks

Merrill Hedging Prompts Inquiry

SEC seeks info on delayed mortgage reckoning

Nov 2, 07 7:55 AM CDT
(Newser) - Merrill Lynch, still reeling from an $8.4 billion write-down on mortgage-related losses last month, has been making deals with hedge funds that may have been calculated to keep further losses out of investors' view, the Wall Street Journal reports. The move has attracted the attention of the SEC, which... More »

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Merrill Lynch • SEC • hedge fund • credit crisis • mortgage backed securities • subprime crisis

Rangel Pushes Corporate
Tax-Rate Cut

Tax-rate trim from 35% to 31% would be offset by eliminating tax breaks

Oct 23, 07 8:12 AM CDT
(Newser) - Rep. Charles Rangel, the Democratic chairman of the House Ways and Means Committee, has proposed a revised corporate tax structure that could lower corporate income taxes from 35% to between 30% and 31%. It would be offset by doing away with tax breaks for manufacturing in the US. The bill... More »

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private equity • hedge fund • Charles Rangel • corporate tax

Can 1987's
Black Monday Happen Again?

Not likely, but credit crunch proves we can invent new screw-ups

Oct 16, 07 7:49 PM CDT
(Newser) - Twenty years ago, Black Monday—now, the credit crunch. Haven’t we learned a thing? Yes and no, says MSNBC: Today, "circuit breakers" make a 1987-style sell-off unlikely by cutting off trading at certain limits. And new, tighter mortgage standards will keep credit under control. But greed and fear... More »

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stock market • Dow Jones • hedge fund • Black Monday • panic • Gordon Gekko

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