Citadel founder’s divorce battle over property gets uglier

by HedgeFundsX on October 23, 2014

In the latest chapter of what is shaping up to be a particularly ugly billionaire divorce, Chicago hedge-fund manager Ken Griffin has challenged his estranged wife’s claims on his private planes, real estate, and credit cards, arguing that the mother of his three children has $50 million in personal wealth herself and that he won’t continue supporting Anne Dias Griffin in “whatever lifestyle she chooses.”

In a 23-page filing lodged late Wednesday in a Cook County, Ill. circuit court, Ken Griffin – whose wife on October 2 asked, among other things, for a temporary restraining … 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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