Misery Widespread at Hedge Funds

by HedgeFundsX on October 21, 2014

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This month’s turmoil in financial markets has been a “bloodbath” for hedge funds, inflicting large losses at an array of multibillion-dollar firms in the industry’s worst stretch since late 2011.

It isn’t unusual for one segment of the $2.8 trillion hedge-fund world to find itself caught in a downdraft. But in October, the pain has been widespread.

There were casualties among funds that make bets based on their fundamental analysis of companies, events like takeovers and broad economic trends. The losses came amid sharp … Read More »

Hedge fund managers play Robin Hood

by HedgeFundsX on October 22, 2014

With Halloween nearing, Wall Street put on its best Robin Hood costume this week, raising millions of dollars to fight poverty and lamenting the rise of economic inequality.

One of the financial community’s most prominent members wondered whether it was doing enough.

“The financial community has done well, but a lot of people have been … Read More »

Ex-Hedge Fund Manager To Help Lead SEC Exams

by HedgeFundsX on October 22, 2014

The Securities and Exchange Commission has a new top inspector who knows his way around a hedge fund.

Marc Wyatt was named deputy director of the regulator’s office of compliance inspections and examinations, the SEC said, replacing acting director Joy Thompson.

Wyatt is a former senior portfolio manager at Stark Investments, … Read More »

Martoma denied bail as judge doubts his appeal over insider-trading suit

by HedgeFundsX on October 22, 2014

Former SAC Capital Advisors LP portfolio manager Mathew Martoma lost a bid to remain free while he fights a conviction for perpetrating the most lucrative insider-trading scheme in U.S. history, as a federal judge expressed doubt that his appeal will succeed.

Martoma, 40, is scheduled to begin his nine-year prison … Read More »

Hedge fund favorites take a dive in a Wall Street sell-off

by HedgeFundsX on October 20, 2014

A tough time for hedge funds

The hedge fund industry has been facing a tough time recently, with most funds seeing their biggest trades dominating the sell-off in U.S. markets. News reports have noted that popular stocks held by hedge fund managers are retreating at double … Read More »

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