FINalternatives: Hedge Fund & Private Equity News

Service Providers

Seeking Alpha Certified

News

Grand Jury Charges Another Hedgie With Insider Trading

Another day, another asset manager indicted for insider trading.


Government, Defense Attorneys Trade Shots In Bear Stearns Hedge Fund Trial

Ralph Cioffi, after his arrestRalph 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.”


Citi To Rename Alts. Unit In Preparation For Fundraising Push

Citigroup is not quite ready to give up on its battered and bruised alternative investments unit.


Rajaratnam Bail Upheld, But Travel Restrictions Loosened

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.


Former Stark Asia Funds Hire Citi Cap. Intro. Specialist

Just days after winning its independence from Stark Investments, Orchard Capital has made its first high-profile hire.


Robertson Wins $27M Tax Battle Against New York City

Legendary hedge fund manager Julian Robertson has won his battle with New York City over a $27 million tax bill from nine years ago.


Japanese Hedge Fund Vet. Founds Consultancy

A former hedge fund CEO in Japan is offering his expertise to would-be hedge fund managers in the region.


GLG Posts Loss As Revenue, Fee Income Falls

GLG Partners said its revenue and fee earnings fell by more than half in the third quarter even as assets under management began to climb.


Man Beats Own Forecasts, Though Profit Drops

Its profit may be down, but things are looking up for the Man Group.


BofA/Merrill Lynch: Hedge Fund Winning Streak Comes To An End

Hedge funds had been on a roll. But that sweet run ended last week when hedge funds fell by 1.43%, erasing any gains for the month of October.

According to analysts at Merrill Lynch, those losses were led by equity long/short hedge funds (-3.0%), macro hedge funds (-1.7%), and commodity trading advisers (-1.3%).