Ralph Cioffi, after his arrestProsecutors sought to hammer home their case against two former Bear Stearns hedge fund managers yesterday, emphasizing what they called the two men’s “black and white” lies.
“This trial isn’t really about hedge fund strategy,” Ilene Jaroslaw, assistant U.S. attorney, told jurors during her closing argument yesterday. “This case is about what the defendants said and what they did, and all their lies.”
Another day, another asset manager indicted for insider trading.
Citigroup is not quite ready to give up on its battered and bruised alternative investments unit.
A federal judge has refused to cut accused insider-trader Raj Rajaratnam’s record-setting bail, but he will allow the Galleon Group founder to travel farther beyond New York City.
Just days after winning its independence from Stark Investments, Orchard Capital has made its first high-profile hire.
Legendary hedge fund manager Julian Robertson has won his battle with New York City over a $27 million tax bill from nine years ago.
A former hedge fund CEO in Japan is offering his expertise to would-be hedge fund managers in the region.
Clayton CheekScottish investment management firm Martin Currie is well-known in the long-only space, but the firm has been managing hedge funds since 2000. As of the end of September, the firm had $19.1 billion in assets under management, with $1.3 billion of this dedicated to hedge funds. With 45 investment professionals and a staff of 250 based around the globe, Martin Currie calls itself a ‘big boutique’.
FINalternatives recently sat down to chat with Clayton Cheek, who joined the firm in September to expand Martin Currie’s hedge fund sales in the U.S. More...
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...