Monday 15 October 2007 Hedge fund manager gets 3 years in fraud case
NEW YORK (Reuters) - The founder of the defunct hedge fund Wood River Capital Management LLC was sentenced to three years in prison on Monday for his role in a scheme that led to about $88 million in investor losses.
U.S District Judge Jed Rakoff during a hearing in Manhattan handed John Whittier, 41, a lower sentence than was recommended in part due to family considerations. NEW YORK (Reuters) - The founder of the defunct hedge fund Wood River Capital Management LLC was sentenced to three years in prison on Monday for his role in a scheme that led to about $88 million in investor losses.

Sunday 16 September 2007 Hedge Funds and Private Equity Alter Career Calculus
MOST people who knew Gabriel Hammond at Johns Hopkins in the late 1990s could have predicted he would rise quickly on Wall Street. As a freshman, he traded stocks from his dorm room, making a $1,000 bet on Caterpillar. Soon after, he abandoned his childhood dream of becoming a lawyer and, upon graduation, joined Goldman Sachs as a stock analyst.

Sunday 29 July 2007 The Hedge Fund Class and the French Revolution
LET’S start with the obvious. Hedge funds have created a terribly wealthy new class. Although the data is overwhelming that the mass of hedge funds have not been outperforming the market after fees, money still pours into them. This has often made their proprietors terribly rich.

Monday 02 July 2007 Bear Stearns Shakes Up Funds Unit
Jeffrey B. Lane will replace a senior executive whose unit ran two hedge funds that nearly collapsed this month.

Monday 18 June 2007 Singapore's Chinatown New Home for Hedge Funds
The latest focal point for hedge funds is Singapore's picturesque Chinatown, where pastel-coloured traditional shop houses, ornate Buddhist temples and Chinese clan houses are within walking distance from the city-state's financial district.

Tuesday 13 March 2007 Time to get ornery over fund fees
Let's say the management expense ratio charged by a fund you own fell by 0.25 of a percentage point over a couple of years. Assuming a $10,000 investment over 20 years and a return that rises to 10 per cent after fees from 9.75 per cent, you'd have almost an extra $3,000 in your account.

Market skepticism hanging on, even as equities continue to rally Hedge fund managers are taking long-term positions, but only with caution

Friday 27 April 2007 nyt Top Hedge Fund Managers Earn Over $240 Million
A ranking of the top 25 earners shows that for the hedge fund elite, the rich are getting much richer in a hurry.

Tuesday 13 March 2007

Montreal lawyer sued in hedge fund collapse

A Montreal lawyer has been further caught up in a web of investigations surrounding the collapse of Toronto hedge fund Portus Alternative Asset Management Inc. two years ago.

Thomas Ross Anthony Malcom is being sued for $25-million in damages by KPMG LLP in connection with allegations he set up a series of offshore accounts that may have enabled Portus co-founder Boaz Manor to divert millions of dollars in client funds and move money away from detection after Portus was put into receivership in March 2005.

The charges against Malcom filed in a suit before Ontario Superior Court also allege that, "on Malcom's instructions associates signed false bank and brokerage account opening documnnets which misrepresented their beneficial ownership of the offshore entities."

The lawsuit follows a court order last year that compelled Malcolm to co-operate with KPMG, which as receiver in the insolvency, is tried to recover all money lost by clients after the fund was shut down following an investigation by the Ontario Securities Commission.

Thursday 25 January 2007 Hedge Fund Chiefs, With Cash, Join Political Fray
Hedge fund money, which now exceeds $1 trillion, has emerged as a potentially powerful force in politics.

2006

Friday 15 December 2006 evWhat happens when small investors play in the big leagues AS A nation, Australians tend to get more excited at the prospect of slugging a ball around a cricket pitch than playing in the big leagues of international finance. But that does not mean they don't like to bat aggressively as investors, too. Unlike America and Europe, where regulators have shielded small investors from exotic investments, such as hedge funds, Australia allows its citizens to hold them as freely as it does mutual funds. So far this freedom has helped the local hedge-fund industry, without hurting the punters.

Wed1290 Monday Nov 20, 2006 Then there is the non-too-complacent look at hedge funds
(A quote to give one pause: "In 1990, according to estimates by Hedge Fund Research (HFR) ... there were just 610 funds controlling some $39 billion of assets. By 2000 there were 3,873 funds with $490 billion. The latest estimate is over 9,000 funds, with $1.3 trillion at their disposal."

Saturday 11 November 2006 nyt This Fund Is Making a Bundle
How much money is actually made in the fast-growing realm of hedge funds and private equity is often just an informed estimate.

Thursday 02 November 2006 OTTAWA: SENATE LOOKS INTO HEDGE FUNDS
The Canadian Senate began on Wednesday three days of hearings into the operations of hedge funds. The hearings are the result of a two-day visit by a group of senators to New York City last month in the course of which the senators met officials from the Federal Reserve Bank of New York, the New York Stock Exchange, the Manhattan District Attorney's office and Wall Street investors. Sen. Jerry Grafstein, the chairman of the bank, trade and commerce committee, says the data gathered convinced the visiting senators that investors, consumers may be at risk from hedge funds. Such funds are aimed at generating specific returns to investors regardless of market conditions. The returns are expected to be higher than mutual funds because of the higher risk involved. Sen. Mac Harb says the hedge fund industry is the only one in Canada without regulation and deserves investigation to see whether it is causing problems in his country akin to those which have been uncovered in the U.S. and Britain. Connecticut-based Amaranth Advisors LLC caused American and British regulators to make the advisability of regulation of the funds a priority after it lost US$6.5 billion in one week.

Introducing Wilkinson’s Hedge Fund Investing. A new investing service that brings the wealth building and investing strategies of the super-rich, to a select few members of the MoneyNews and NewsMax.com family.

Monday 16 October 2006 nyt As Lenders, Hedge Funds Draw Insider ScrutinyQuestions are being raised about the role hedge funds play in the flow of information on Wall Street.

Thursday 14 September 2006

Sunday 10 September 2006 MW Swashbucklers hit the wall Activist hedge funds' returns are waning as opportunities dwindle
SAN FRANCISCO (MarketWatch) -- Before a surfing injury derailed his investing career, Robert Chapman ran an activist hedge fund sporting annual returns of more than 20% in a seven-year stretch that included the market's lean years after the dot-com crash.

Sunday 10 September 2006 Hedge funds carry far too much risk for most investors
This week we open up the old mailbox for a glance at the latest reader concerns and questions.

Monday 28 August 2006 MW Prudential settles market timing charges for $600M
Insurer's brokerage unit admits criminal wrongdoing, DOJ says ....defrauded mutual fund investors by helping clients rapidly trade funds. Connections Inputs and outputs

Saturday Jun 24, 2006 Court strikes down SEC hedge fund rule
WASHINGTON (MarketWatch) -- A federal court struck down a Securities and Exchange Commission rule that requires hedge fund advisers to register with the agency as investment advisers. The U.S. Court of Appeals for the District of Columbia Circuit said the SEC rule is "arbitrary" since it exempts funds with one hundred or fewer investors from Investment Company Act regulations but compels registration for those with fifteen or more investors under another act. The suit was brought against the SEC in late 2004 by Pleasantville, NY-headquartered Opportunity Partners

Court Says S.E.C. Lacks Authority on Hedge Funds A federal appeals court ruled that the commission exceeded its power by treating investors in a hedge fund as "clients" of the fund manager.

Saturday Jun 24, 2006 S.E.C. Is Reported to Be Examining a Big Hedge Fund< One of the nation's most prominent hedge funds, Pequot Capital Management, is said to be under investigation for possible insider trading, according to officials.

Hedgehogging Barton Biggs Price:   $17.79 You Save:   $9.16(34%) (January 3, 2006) Monday Jan 9, 2006 Hot on the trail of hedge fund activity...How to Beat Hedge Funds at Their Own Game - When a trillion dollars goes stomping around the market, it leaves a big footprint. Find out how to follow this trail without getting stomped. Ride their coattails as hedge funds pour buckets of money into hot sectors. And jump out before they leave you holding the bag. 2005 Saturday Dec 10, 2005 nyt Judges Weigh Hedge Funds vs. the S.E.C. By STEPHEN LABATON A federal appeals court sharply questioned the Securities and Exchange Commission's plan to tighten oversight of hedge funds. Friday Dec 2, 2005 nyt Hedge Fund Settles Trade Case By RIVA D. ATLAS Millennium Partners agreed to a $180 million settlement over a scheme to trade in and out of mutual funds. Monday Nov 28, 2005 nyt Pension Officers Putting Billions Into Hedge Funds By RIVA D. ATLAS and MARY WILLIAMS WALSH Faced with growing numbers of retirees, pension plans are pouring billions into the lightly regulated investment partnerships that once managed money only for the wealthy. nyt | November 27, 2005 Pension Officers Putting Billions Into Hedge Funds By RIVA D. ATLAS and MARY WILLIAMS WALSH Faced with growing numbers of retirees, pension plans are pouring billions into the lightly regulated investment partnerships that once managed money only for the wealthy. Tuesday Nov 22, 2005 nyt A Hedge Fund for Anyone With $10,000 By RIVA D. ATLAS In the latest sign that the elite world of hedge funds is going mainstream, J. P. Morgan Chase is marketing a fund that will appeal to less wealthy investors. see Wed1223 with Thursday Aug 11, 2005 Hi David and Diana, Am still away.Good write-up. Please note that hedge-funds are not just the playthings of the rich and famous, but also the fashionable black-box investment vehicles of pension funds. My own mind is not at ease about their latter function. Have fun Wednesday Night! Tony Antal Deutsch Professor of Economics, McGill University antal.deutsch@McGill.ca Tuesday, July 05, 2005 Hedge Funds Here to Stay , Harry Ort, national leader, Canadian financial services practice, KPMG Duration:6m 30s please us IE Firefox wont work for us Hedge funds May 26th 2005 | LONDON, NEW YORK AND PAR Tuesday May 17, 2005 uk times City hedge funds head for domino collapse BAD investments by some of the biggest hedge funds in London have triggered unprecedented losses, record demands for money back and talk of a death spiral weighing heavily on stocks and bonds. Sunday Mar 27, 2005 nyt If I Only Had a Hedge Fund By JENNY ANDERSON and RIVA D. ATLAS A T seemed like an ordinary evening at Crobar, the trendy Manhattan nightclub. Two weeks ago, as Counting Crows performed on stage, young women dressed in expensive jeans pushed toward the front with their khaki-clad, mostly older boyfriends. Few, however, were regulars. On this night, the very rich and the merely rich intermingled on the club's two floors - V.I.P.'s upstairs ($1,000 a ticket) and the rest down below ($250). Go Back | Go Forward