Hedge Funds: Hedge-fund liquidations fall as launches increase
Hedge-fund liquidations lare becoming rarer as a strong market rebound helps the industry recover from a 2008 that was one of its worst years ever.
March 10, 2010
Limo driver-turned-hedge fund fraudster admits guilt
Aaron Elstein - A former limousine driver who engineered an extraordinary career change and became president of a hedge fund now faces up to five years in prison for cheating investors out of nearly $20 million. Alan Fishman, a 50-year-old Ukraine native who resides in Brooklyn’s Brighton Beach, last week pleaded guilty to conspiracy to commit securities fraud and is scheduled to be sentenced on
Hedge-fund closures slowed in 4th Q
March 10 -- The pace of hedge-fund liquidations slowed in the fourth quarter, according to Hedge Fund Research Inc., as markets recovered from the financial crisis.
SAC alumnus emerges with hedge fund startup
A former portfolio manager at $12bn (€8.1bn) SAC Capital Advisors has founded a new hedge fund and launched a maiden fund, amid a favourable environment for managers at big-name firms looking to go it alone.
Athamas Hedge Fund Will Sell More Wood, Fewer Carbon Credits
March 10 (Bloomberg) -- A forestry and carbon hedge fund proposed by Athamas SA will focus on wood rather than carbon credits after United Nations climate talks in December failed to set international targets after 2012.
