hedge fund

Repo Man Goes to Ghana to Tow Away Argentinean Navy's Flagship

Borrowers beware. If you miss a payment on your car loan, don't go parking it in Ghana thinking it's safe: The arm of the repo man is really long. That was news to the Argentinean Navy, which got a shock this month when authorities in Ghana seized its flagship, the ARA Libertad.

Guilty! Ex-Hedge Fund Manager Convicted

After more than a week of deliberations, a jury has convicted former billionaire Wall Street hedge fund manager Raj Rajaratnam on 14 counts of securities fraud. Federal authorities had called the insider trading case the biggest ever involving a hedge fund.

Paulson and Co. Clears $1 Billion on Citigroup Shares

Hedge fund manager John Paulson told Paulson & Co. clients that the company made more than $1 billion during the past 18 months on its investment in Citigroup, Bloomberg News reported, citing Paulson's letter to clients this month.

FBI Makes First Arrest in SEC Insider Trading Probe

On Wednesday, the FBI arrested Don Chu, an expert on Asian markets for Primary Global Research, setting the tone for the SEC's crackdown on insider trading. Chu was charged with conspiracy to commit securities fraud and conspiracy to commit wire fraud.

Hard Times Hit
the Hedge Fund Business

Is it really such awful work to be a billionaire hedge fund manager? After suffering unusual loses this year, two well-known fund managers, Stanley Druckenmiller of Duquesne Capital Management, and Paolo Pellegrini of PSQR, said last week that they were getting out of the business.

Insurers Will Hike Hedge Fund Holdings in 2010

Insurance companies cut their hedge fund allocations in 2009, but the sting of the financial crisis will wear off next year, when we're likely to see the industry turn back to the sector.