Hedge fund up-and-comers that want to give back—but not as much as the industry titans—will have their chance tonight at the fifth annual London gala for Hedge Funds Care. For years, there was only one hedge fund charity event in the city: the annual Ark fundraiser held every spring that drew the industry glitterati. Spearheaded [...]
–Felix Salmon on the Treasury’s plan to fix the mortgage mess. –Hendrik Hertzberg responds to Glenn Beck’s Soros obsession. –Top three things to do if your hedge fund is raided by the feds. –Pension funds in Ohio and New Jersey are monitoring hedge funds under scrutiny. –Henry Blodget, on The Huffington Post, points out the [...]
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 [...]
The London hedge fund manager Crispin Odey produced bumper profits for his investors by betting on bank stocks during the depths of the financial crisis. Now, as investors chase raging emerging markets, Mr. Odey is being a contrarian once again, turning his sights closer to home. “I have nothing against backing emerging markets. They can [...]
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 [...]
The professional association 100 Women in Hedge Funds raised $1.6 million at its annual New York gala on Wednesday night for Big Brothers Big Sisters of America, the youth mentoring organization. The event, at Cipriani 42d Street in Manhattan, also honored the Texas billionaire T. Boone Pickens and Dorothy Collins Weaver, chairwoman and chief executive [...]
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