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.
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 […]
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.
The SEC has charged a pair of hedge fund managers and their Connecticut-based advisory firm New Stream Capital.
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, […]
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 […]
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 […]
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.
An increasing number of investors are looking into hedge funds, but are they right for your clients?
More than one third of investors have included hedge funds in their portfolio. But do they understand their risks?