Douglas Healey/Bloomberg NewsFederal investigators are seeking a wide range of information from SAC Capital Advisors of Stamford, Conn.Peppe Communications, via PRNewsFoto Steven A. Cohen, who runs SAC Capital Advisors. 9:04 p.m. | Updated SAC Capital Advisors, the hedge fund giant run by the billionaire investor Steven A. Cohen, received an “extraordinarily broad” subpoena from federal [...]
The FBI raided three hedge funds Monday as part of a growing investigation into insider trading, The Wall Street Journal reported. The firms raided were Diamondback Capital Management and Level Global Investors in Connecticut and Loch Capital Management, based in Boston. Loch officials reportedly had ties to a witness who pleaded guilty and offered to [...]
Joshua Roberts/Bloomberg News The Securities and Exchange Commission proposed regulations on Friday that would require the registration of hedge funds and other private funds, the first such move regarding the private asset pools since the passage of the Dodd-Frank Act on financial regulation. There were few surprises for hedge funds, as many of the proposals [...]
Has your favorite political party harassed you for cash until you’re ready to scream? Send them to Len Britton. The Republican candidate for U.S. Senate in Vermont can teach hundreds of campaign managers a thing or two about making great commercials while holding down costs. How cheap? We’re talking three figures here. The secret? Write [...]
European Union finance ministers agreed Tuesday on rules to allow foreign hedge funds to do business across the 27-nation bloc — a deal that came as a relief to Britain, home of the European hedge fund industry, James Kanter reports in The New York Times. The agreement, which still needs final approval of the European [...]
UBS, the largest Swiss bank, said it has been in talks with “dozens” of proprietary traders worldwide who are considering setting up hedge funds as banks seek to comply with new U.S. rules aimed at curbing risk, Bloomberg News reported. “A lot of it is just talk and chatter, but there are very advanced discussions [...]
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