Search Results for: hedge fund
U.S. judge says Citigroup can process Argentina’s next bond payment
November 11th, 2014
A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default. U.S. District Judge Thomas Griesa in New York said Citigroup could process the Dec. 31 payment ...
Credit Without Banks: Shadow Banking
November 10th, 2014
One of the vivid lessons of the 2007-2009 recession and financial crisis is that in the modern economy, one can’t just think about the financial sector as made up of banks and the stock market. Other financial institutions can ...
The Rise Of Social Trading
November 10th, 2014
Social media platforms have billions of active users. People use them to share thoughts, put up pictures, and play games, among other activities. With all sorts of discussions going on at these platforms, the use of social media for ...
A Recent Surge of Leveraged Loans Rattles Regulators
November 5th, 2014
As regulators hunt for the next financial bubble, they are homing in on an obscure corner of Wall Street: the debt market where Tom Shannon’s company, a chain of flashy bowling alleys, recently borrowed nearly half a billion dollars. ...
SAC’s Martoma wins delay of nine-year insider trading prison term
November 5th, 2014
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, won an order Tuesday to delay the date he would begin serving a nine-year prison term for insider trading. The 2nd U.S. ...
$1.5 Million Sent in Error to Money Manager
October 30th, 2014
Credit Suisse is trying to find Joseph Galbraith, manager of Galbraith Capital Investment Management, to which the bank says it sent the money in January. In the board game Monopoly, when the bank makes an error in your favor, ...
Hong Kong Ready for Trading Link With Shanghai
October 29th, 2014
The head of Hong Kong’s stock market regulator said Wednesday that his agency had ticked all the boxes needed to start a highly anticipated project connecting the Hong Kong and Shanghai stock exchanges, indicating delays were coming from its ...
SEC investigates CMS employees in insider-trading case
October 29th, 2014
The U.S. Securities and Exchange Commission is investigating whether employees at the Centers for Medicare and Medicaid Services (CMS) leaked information to traders, the Wall Street Journal reported, citing people familiar with the investigation. Authorities have interviewed nearly a ...
SEC: Rengan Rajaratnam Settles Insider Trading Charges
October 24th, 2014
The Securities and Exchange Commission (SEC) has announced that former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. ...
HSH targeted by US distressed debt investors
October 23rd, 2014
A group of US hedge funds is discussing plans to persuade German public sector bank HSH Nordbank to restructure its debt as European stress tests raise concerns about the continent’s weakest lenders. The distressed debt investors include at least ...
