Billionaire Mark Cuban Goes To Trial in SEC Insider Lawsuit. SEC accused Cuban of acting on confidential information when he unloaded his 600,000 shares of Mamma.com four years earlier, just before it announced a private placement of shares. The case was revived in 2010 after U.S. District Judge Sidney A. Fitzwater in Dallas dismissed […]
SEC Charges Brian Williamson Former Oppenheimer Fund PM with Misleading Investors.
Brian Willamson, hedge fund manager is being targeted by regulators for misleading clients. The SEC has charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund consisting of other private equity funds.
SEC Lifts 80 Year Old Ban for Hedge Fund to Advertise. Hedge funds and other companies seeking private investments will be allowed to advertise publicly for funding under a rule approved on Wednesday by the U.S. Securities and Exchange Commission. The rule, which passed by a 4-1 vote, is the first one mandated by […]
The UK’s Finacial Conduct Authority FCA Has Ramped Up Scrunity of the Hedge Fund Industry.
FCA – and the Bank of England’s Prudential Regulation Authority scrutiny of the hedge fund industry and in a growing sign of its reach is also paying more attention to the activities of US hedge funds with operations in the UK.
Hedge Fund News Weekly Reacap – Hedge fund deals, billionaire managers and investing news of week of May 27th to June 2nd.
Hedge Fund Managers Generate Billions of Returns in Record Start to Year
Hedge fund managers including Chris Hohn, Crispin Odey and Dan Loeb have each generated double-digit returns since the beginning of 2013 according to the The Telegraph reports.
Can SEC turn Martoma against Cohen? Substantial evidence against Martoma, former portfolio manager of SAC. By Joshua Gallu & Katherine Burton To Bloomberg Prosecutors say Martoma received illegal inside information on the trial of an Alzheimer’s drug being conducted by Elan (ELN) and Wyeth from Sidney Gilman, 80, a doctor involved in the tests. […]
Scandalous Hedge Fund SAC issued a warning to clients Wednesday in a conference call. Hedge funds typically communicate with their investors via monthly statements and quarterly letters addressing their performance. Conference calls are infrequently held, but are sometimes scheduled to discuss extraordinary market events or, as in this case, a controversy surrounding the fund. […]
Hedge fund Knight Capital Group and few others collectively lost around $500 million on May 18 when Facebook first debuted on public markets. By Sarah N. Lynch to Reuters (Reuters) – Securities regulators are taking a closer look at Nasdaq OMX’s $62 million plan to compensate brokers who suffered losses from the exchange operator’s […]
More than 1,500 hedge fund and private equity funds have registered with the U.S. Securities and Exchange Commission since the 2010 Dodd-Frank Wall Street reform law was enacted. The law for the first time required hedge fund and private equity funds to register with the SEC, giving the agency a better view of the […]
Mark Angelo $1Billion hedge fund Yorkville Advisors Charged by SEC With Fraud and Bogus Valuations. SEC charged Mark Angelo and his formerly $1 billion Jersey City, N.J., hedge fund firm, Yorkville Advisors, with fraud on Wednesday, alleging they overvalued assets under management and exaggerated returns. The tactics of Yorkville Advisors have been the subject […]
SEC is weighing up sophisticated investors sophistication. Under recently updated rules, most investors can only invest in hedge funds if they are accredited: that is, if the person or couple’s joint net worth exceeds $1 million, excluding the value of their primary residence, or if an individual’s income has exceeded $200,000 in each of […]
SEC proposes new rules to implement JOBS Act provision about hedge fund solicitation and advertising in securities offerings. The Securities and Exchange Commission took a nice stride today in proposing the long awaited “new rules” for General Solicitation of a Regulation D Rule 506 Securities Offering. State Regulators Chairman Maria Schapiro and her staff […]
Steven Cohen, founder of a hedge fund hedge fund SAC Capital Advisors LP, is facing renewed scrutiny from U.S. regulators over insider trading. SAC Capital has come under scrutiny on multiple fronts in connection with a broad federal crackdown on insider trading throughout the $2 trillion hedge fund industry. SAC Capital drew attention in […]
JOBS Act – lifting of a ban on hedge fund advertising but HFA wants the SEC to clarify its definition of an accredited investor The Hedge Fund Association, an international hedge fund lobby group, has written to the SEC in support of the advertising and solicitation rules in the recently passed JOBS Act. The […]
Florida hedge fund Banyon Investments founder and COO have been named in a SEC lawsuit for their roles in a massive Ponzi scheme Alleged hedge fund Ponzi schemer Scott Rothstein is flanked in this photo by George Levin on the left, and Howard Gruverman on the right. As head of hedge fund Banyon investment […]
JOBS Act will allow hedge funds to advertise to investors through normal channels like, radio, print, internet, pay-per-click, banners, TV and other forms of media. Lifting the ban on advertising will certainly benefit all hedge funds, large and small. So far, hedge funds have been banned from soliciting or advertising their private offerings to […]
Hedge Funds and their investors are well-represented on the SEC new Advisory board. Private equity has a say on the new committee, as well, in the form of Madison Dearborn Partners Mark Tresnowski, Stephen Holmes, CEO of venture capital firm InterWest Partners, is also on the committee.D.E. Shaw Group external affairs chief Darcy Bradbury, […]
Obama Expected to Sign The Jobs Act today that will allow hedge funds to advertise their services and directly solicit investors for the first time but regulators have concerns about the change. The Jumpstart Our Business Start-ups (Jobs) Act contains provisions that would relax rules governing the marketing of investments offered as private placements […]
Charles “Chase” Coleman III is the quintessential hedge fund trader. Like many of the industry’s top managers, Coleman learned to bet on stocks as a protégé of hedge fund legend Julian Robertson. But Coleman’s Tiger Global Management, a New York firm with $10 billion under management, has also mastered another strategy. Coleman was way […]