Hedge Fund Manager Goldstein Loses ‘Freedom of Speech’ Case in Massachusetts
Securities Industry News – Hedge fund manager Philip Goldstein, who successfully curbed the Securities and Exchange Commission’s attempts in 2006 to regulate hedge funds, has lost a “freedom of speech”...
View ArticleGermany in call for ban on oil speculation
Daily Telegraph- German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds. It is the most drastic proposal to...
View ArticleHigh Court rejects hedge fund Expro deal block
Daily Telegraph- The High Court has rejected an audacious last-gasp bid by hedge funds to block Candover’s £1.8bn bid for oil services group Expro. Hedge funds holding around 25pc of Expro – led by...
View ArticleTate & Lyle boss calls for hedge fund curbs
Daily Telegraph- The chief executive of the sugar refining group Tate & Lyle has hit out at hedge funds and other commodity speculators, calling for them to face greater regulation in a bid to hold...
View ArticleCerberus offloads MFI stake to restructuring specialist
Daily Telegraph – Cerberus, the American hedge fund, has sold its stake in Merchant Equity Partners, the owner of the MFI furniture chain, to Hilco and Goldman Sachs. The secretive investment firm was...
View ArticleStanley Fink plots comeback with Lord Levy in hedge fund venture
Daily Telegraph – Stanley Fink, the former boss of Man Group, who became one of the City’s best-known financiers, is teaming up with Lord "Cashpoint" Levy to make a spectacular comeback to the hedge...
View ArticleHedge funds clipped by short-selling ban
Daily Telegraph – As short-selling is banned to protect Britain’s banks, Gordon Rayner names the men who have made millions from the financial crisis As 70,000 employees of HBOS wonder which of them...
View ArticleHedge funds plan to sue FSA over short-selling ban
Daily Telegraph – Lawyers are being galvanised on behalf of a raft of hedge funds which claim the financial watchdog has illegitimately extended its powers and caused "wide-spread capital...
View ArticleChristine Lagarde warned Hank Paulson to bail out Lehman Brothers
Telegraph.com.UK – Sources close to Mrs Lagarde said that she had called the US Treasury Secretary – a close personal friend – well before the ailing bank’s collapse imploring him to act, but he chose...
View ArticleWorld’s biggest hedge fund restructures amid turmoil
Daily Telegraph – Highbridge Capital Management, which is majority owned by JP Morgan Chase and has $25bn under management, is axing 10 per cent of its New York-based staff and plans cuts in Europe and...
View ArticleWhat the commentators say
guardian.co.uk – The Independent’s Jeremy Warner is not convinced and argues that the failure is entirely their own. In the Daily Telegraph, Richard Fletcher explains that though Horlick blames US...
View ArticleHedge Funds Not Behind Sell-Off In Banks Say Experts
Wall Street Journal – Experts say hedge funds are not responsible for the wholesale selloff in U.K. financial stocks which saw shares in the four remaining major banks dive to record lows earlier this...
View ArticleSoros Fund Fined $2.2 Million by Hungarian Regulator
Bloomberg – Billionaire investor George Soros’s Soros Fund Management LLC was fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt., Hungary’s largest...
View ArticleUK FSA Extends Reporting for Short-Selling Financial Stocks
Bloomberg – Hedge funds and other investors who short-sell shares in Britain’s financial companies must continue to disclose their trades, the U.K.’s financial regulator said. A reporting requirement...
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FSA bans long-term guaranteed bonuses
Forbes – Britain’s financial regulator on Wednesday banned guaranteed banker bonuses of more than one year, as it leads a global crackdown on a culture of excessive risk-taking that has destabilised...
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