Thursday, December 19

Tag: Hedge Funds

Hedge Fund Two Sigma Is Hit by Trading Scandal
29Oct By adminNo Comments
Money

Hedge Fund Two Sigma Is Hit by Trading Scandal

A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without authorization, the firm has told clients, leading to losses in some funds, big gains in others and fresh regulatory scrutiny.The researcher, Jian Wu, a senior vice president at New York-based Two Sigma, was trying to boost his compensation, Two Sigma has told clients, without identifying Wu. He made changes over the past year that resulted in a total of $620 million in unexpected gains and losses, according to people close to the matter and investor letters. Two Sigma has placed Wu on administrative leave.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market
25Oct By adminNo Comments
Money

Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market

Updated Oct. 25, 2023 4:12 pm ETA London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global currency-trading business.A federal jury in Manhattan deliberated for less than a day before finding Neil Phillips guilty of commodities fraud. The jury acquitted Phillips, the former chief investment officer of Glen Point Capital, of a separate conspiracy charge.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market
25Oct By adminNo Comments
World

Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market

A London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global currency-trading business.A federal jury in Manhattan deliberated for less than a day before finding Neil Phillips guilty of commodities fraud. The jury acquitted Phillips, the former chief investment officer of Glen Point Capital, of a separate conspiracy charge.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Trader’s Case Tests DOJ’s Policing of Global Currency Market
15Oct By adminNo Comments
Money

Trader’s Case Tests DOJ’s Policing of Global Currency Market

A London hedge fund’s big bet on the outcome of a South African party’s leadership vote earned it more than $20 million. Six years later, the trader who placed the wager faces criminal charges in Manhattan, where prosecutors claim he manipulated the foreign-exchange market to achieve his payday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hedge Funds Must Tell SEC Which Companies They Sell Short Under New Rules
14Oct By adminNo Comments
World

Hedge Funds Must Tell SEC Which Companies They Sell Short Under New Rules

Updated Oct. 13, 2023 3:27 pm ETWASHINGTON—Traders will get a broader look at which public companies are being targeted by short sellers under rules the Securities and Exchange Commission adopted Friday as part of its response to the 2021 GameStop trading frenzy. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.
8Oct By adminNo Comments
Money

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article(2 minutes)Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall Street craze known as “private credit.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.
8Oct By adminNo Comments
World

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article(2 minutes)Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall Street craze known as “private credit.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Dan Loeb’s Hot Hand Goes Cold
2Oct By adminNo Comments
Money

Dan Loeb’s Hot Hand Goes Cold

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/dan-loeb-third-point-hot-hand-goes-cold-5a2fb19
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