JPMorgan re-ignites the corporate governance controversy Some saw the issue as silly, others as a turning point in US corporate governance. Should Jamie Dimon give up his Chairmanship of JPMorgan? For concededly good reasons, America’s best-known banker lost some of his luster this past year on both Wall Street and Capitol Hill thanks to the “London Whale” and a [...]
The high-profile arrest of former BlackRock manager Mark Lyttleton risks damaging the reputation of the industry, financial intermediaries have warned. Mr Lyttleton and his homeopathist wife Delphine are understood to be the couple arrested on April 30 in connection with an investigation into insider dealing and market abuse. Neither has been charged and BlackRock has [...]
Hedge Fund SAC founder Steve Cohen subpoenaed and has considered shutting down SAC. After five years under investigation for insider trading, Steven Cohen is considering proposing a deal to prosecutors that would shut his $15 billion hedge-fund firm to outside investors, according to a person familiar with his thinking. Cohen has discussed an agreement under which his SAC [...]
We have been following the JOBS Act and hedge fund advertising all year and from the looks of it, things are getting going to get more exciting. A commissioner on the Securities and Exchange Commission on Monday said she supports allowing hedge funds to publicly advertise, but she also raised concerns about how a proposal [...]
Insider Trading Steps Closer to Strict Liability
SEC Sues Investment Banker Richard Bruce Moore Who Just Put 2&2 Together.
In 2010, Richard Bruce Moore, an investment banker at Canadian Imperial Bank of Commerce (“CIBC”), counted the Canadian Pension Plan Investment Board (the “Pension Board”) among his best clients. Through Moore’s efforts, the Pension Board regularly used CIBC to finance its private equity investments.
Hedge funds 13-F reports with the U.S. Securities and Exchange Commission, shedding some light on how they traded in U.S. stocks in the first quarter.
Chase Coleman’s $12 billion Tiger Global Management sold 790,000 Apple shares in the quarter, while Cliff Asness’s $80 billion AQR Capital Management sold about 150,000 shares.
PMS products, which are meant for the rich, cannot accept investments of less than Rs 25 lakh per investor Equity schemes for rich seek to become hedge funds. Various Portfolio management service (PMS) providers are looking to register their tailor-made equity products under a category of the recently-introduced Alternative Investment Funds (AIF) segment that will [...]
Woah! Power-playboy titan Dan Loeb looks to have his way with Sony…… In one of his most famous corporate spats, Loeb successfully ousted Yahoo’s former chief executive and poached Marissa Mayer from Google to run the internet company. The Japanese electronics and entertainment giant, is facing an audacious breakup attempt in a battle that could [...]
Hedge Fund Lodestone Natural Resources Liquidates After Insider Trading Alleged Insider Trading Investigation.
Lodestone, a $100M hedge fund is shutting down after UK regulators detained Chief Investment Officer Tim Whyte and founding partner Carl Linderum. Neither of the hedge fund guys have been charged with any crime.