Cohen Gets to Trade for 90 Days Before Paying SAC Penalty

by HedgeFundsX on April 17, 2014

Cohen Gets to Trade for 90 Days Before Paying SAC Penalty

Even when he loses, the billionaire investor Steven A. Cohen manages to find a way to win.

Overlooked in the judge’s approval last week of the guilty plea entered by Mr. Cohen’s hedge fund, SAC Capital Advisors, to insider trading charges is that the firm was given 90 days to pay all of a $1.2 billion penalty to federal prosecutors. That is longer than the 30 days recommended by federal probation officials, but it is … Read More »

Hedge Funds Are Having Their Most Miserable Start To The Year Since 2008

by HedgeFundsX on April 17, 2014

Hedge Funds Are Having Their Most Miserable Start To The Year Since 2008

Hedge funds are having their worst start to the year since 2008, gaining only 1.23% year-to-date, says a new report by research firm Preqin.

You’ll recall 2008. It was … Read More »

Ex-Madoff aides to appeal conviction

by HedgeFundsX on April 17, 2014

Five former Bernard Madoff aides have asked a federal judge to throw out their convictions, three weeks after a jury found them guilty of fraud and conspiracy for helping Madoff conceal his multibillion-dollar Ponzi scheme.

Former back-office director Daniel Bonventre, computer programmers George Perez and Jerome O’Hara and portfolio managers Annette Bongiorno and Joann … Read More »

The Hedge-Fund Manager Dilemma

by HedgeFundsX on April 17, 2014

The Hedge-Fund Manager Dilemma

I have been fascinated with hedge funds for quite some time. I began studying them in the last decade. It has been an intriguing field of investigation for a number of reasons:

No. 1. Alpha Generators: In the early days of hedge funds, they created a ton … Read More »

2 Hedge Fund Titans Agree to Buy the Milwaukee Bucks

by HedgeFundsX on April 17, 2014

2 Hedge Fund Titans Agree to Buy the Milwaukee Bucks

Two Wall Street bigwigs, Marc Lasry and Wesley Edens, have a taste for distressed assets.

So the Milwaukee Bucks, the basketball team that currently holds the worst record in the N.B.A., is right up their … Read More »

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