Hedge funds

Hedge funds post mixed results

Hedge funds posted positive returns in April as most markets trended upwards during the month, shows a study by Eurekahedge, an investment data provider. The Eurekahedge Hedge Fund Index was up 1.09% during the month, while the MSCI World Index gained 2.02% for the same period. Read: Hedge fund firm settles with SEC for $21.5 […]

By Staff |May 8, 2013

2 min read

Industry

Hedge fund firm settles with SEC for $21.5 million

Level Global Investors LP has agreed to pay more than $21.5 million to settle charges that its co-founder, who also served as a portfolio manager, and its analyst engaged in repeated insider trading in the securities of Dell Inc. and Nvidia Corp.

By Staff |April 30, 2013

2 min read

Industry

SEC charges employee for leaking trading tips

The SEC has charged a former employee at a California-based medical device manufacturer with illegally tipping confidential financial data to her brother, who illegally traded in the company’s stock and enabled his hedge fund clients to do the same. The SEC alleges that ThanhHa Bao, who worked in the finance department at Abaxis Inc., regularly […]

By Staff |April 10, 2013

2 min read

Industry

U.S. hedge fund industry says peers engage in illegal activity

Nearly half of hedge fund managers believe their competitors engage in illegal activity, finds a survey by law firm Labaton Sucharow LLP, HedgeWorld and the Hedge Fund Association.

By Staff |April 9, 2013

2 min read

JPMorgan’s star trader to set up hedge fund

Undaunted by the string of new hedge funds that failed to take off, JPMorgan’s global head of equity proprietary trading, Deepak Gulati, is said to be parting ways to launch a hedge fund in Switzerland. Considered one of the bank’s most successful traders, Gulati has passed over London to make Zeg, the low-tax Swizz town, […]

By Staff |February 14, 2013

1 min read

Commodities pounded by investor stampede

Having underperformed and failed in their role as an effective hedge against inflation, commodities have been suffering enormous funds retractions from investors. Last year, commodities hedge funds had the worst performance in a decade and lost 20% of their assets after investors withdrew large sums, reports FT.com. The negative investor sentiment for the asset class […]

By Staff |February 7, 2013

1 min read

Barclays allocates $1.6bn to pay penalties

Barclays has decided to create a $1.6 billion reserve to fund legal costs of scandals related to mis-selling financial products. The Financial Services Authority recently ordered Britain’s four big banks to review their sales of interest rate hedging products, forcing Barclays, one of the four, to double the money set aside for potential payouts, reports […]

By Staff |February 5, 2013

1 min read

Hedge funds face higher costs: Ernst & Young

Nearly 60% of hedge fund managers in North America say the cost of business has increased in the past year. However, there continues to be a disparity between managers’ and investors’ views about what costs should be borne by the fund, according to a recent Ernst & Young survey.

By Staff |December 6, 2012

2 min read

Hedge funds

Hedge funds post mixed results

Hedge fund firm settles with SEC for $21.5 million

SEC charges employee for leaking trading tips

U.S. hedge fund industry says peers engage in illegal activity

SEC charges hedge fund managers with fraud

JPMorgan’s star trader to set up hedge fund

Commodities pounded by investor stampede

Barclays allocates $1.6bn to pay penalties

Hedge funds face higher costs: Ernst & Young

Why valuing hedge funds is tricky