Hedge Fund News - December 15 2011

Hedge Fund Abuses Hurt All Investors Forbes The reputation of the opaque and rarefied world of Wall Street hedge funds has been severely tarnished of late. One has to look no further than the shocking fall from grace of former hedge fund honcho Raj Rajaratnam to find Exhibit A. Rajaratnam, ...

Hedge Fund Manager Simons Gives $150 Million to Stony Brook San Francisco Chronicle 13 (Bloomberg) -- James Simons, the founder of hedge fund Renaissance Technologies LLC, and his wife are donating $150 million to New York's Stony Brook University, according to a statement from the school. The university and New York Governor Andrew ...

Henry Swieca Said to Return Client Money From Hedge Fund San Francisco Chronicle 14 (Bloomberg) -- Henry Swieca plans to return money to outside investors in his $500 million hedge fund Talpion Fund Management LP that he started two years ago, according to two people with knowledge of the matter. Swieca, 54, a co-founder of ...

Ex-Moore Trader Leslie to Liquidate $1.6 Billion Hedge Fund San Francisco Chronicle 14 (Bloomberg) -- James Caird Asset Management LP, the London-based firm run by former Moore Capital Management LLC trader Tim Leslie, plans to liquidate a $1.6 billion credit hedge fund after eight years following losses in 2011. ...

Paulson's Bright Spot May Fade as Gold Plunges to Five-Month Low BusinessWeek Until this month, gold had been the bright spot for Paulson & Co. clients, who can choose to invest in gold-denominated shares of the hedge funds. Gains in bullion had alleviated losses of 46 percent, in the dollar share class, for one of the firm's ...

Indiana Hedge Fund Manager Pleads Guilty To Fraud Indiana Public Media By Network Indiana A central Indiana hedge fund manager has pleaded guilty to securities fraud. Forty-year old Keenan Hauke is the owner and CEO of Samex Capital and ran a hedge fund since 1999. US Attorney Joe Hosgett says Hauke defrauded 67 people of ...

Wall Street Traders Confounded as Volatility Extends Record Run BusinessWeek 15 (Bloomberg) -- Duke Buchan III's $1 billion hedge fund beat US stocks by 46 percent in the decade through March, a period that included the steepest equity-market losses since the 1930s. Then came the selloff in August when global stocks suffered ...