SEC charges investor relations firm with insider trading... [more]Bailey McCann, Opalesque New York: The SEC has brought charges against Michael Anthony Dupre Lucarelli, who garnered nearly $1 million in illicit profits while at at a Manhattan-based investor relations firm where he used inside client information to trade.
An SEC investigation and ongoing f
Apple & Allergan top list of hedge fund positions... [more]Bailey McCann, Opalesque New York: S&P Capital IQ is out with its quarterly hedge fund tracker, ranking the positions of pure play hedge funds based on reported data including Form 13F. Report
Leucadia backs SAC alum hedge fund despite previous internal scandal... [more]From CNBC.com: Wall Street firm Jefferies is providing major backing to a former senior SAC Capital Advisors executive despite its own struggle with insider trading at an internal hedge fund. On Friday, public conglomerate Leucadia National Corp., which bought $43 billion New York-based investment b
India hedge funds are world’s best performer on ‘Modi, the hero’... [more]From Bloomberg.com: Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy. The funds investing in the South Asian nation have returned 26 percent this year through July, according to
High-tech traders use social media to gain edge... [more]From SMH.com.au: Hedge funds and high-frequency traders are ahead of regulators in both speed and back-room capabilities for deep analysis of information on social media networks, giving them an advantage over other players in the market, a leading Australian expert says. Greg Daniel, the chief exec
Regulatory – Launch of ASEAN CIS Framework and issuance of handbook... [more]From International law firm Sidley: On August 25, 2014, the Monetary Authority of Singapore, the Securities Commission of Malaysia and the Securities and Exchange Commission of Thailand launched the ASEAN CIS Framework to facilitate cross-border offers of retail collective investment schemes in memb
Legal – Star trader Chris Rokos slugs it out with hedge fund he co-founded... [more]From Reuters.com: Former Brevan Howard star trader Chris Rokos has stepped up his legal challenge to a partnership agreement imposing a five-year ban on him setting up in competition against the hedge fund firm he co-founded. The contractual dispute offers a rare insight into one of Europe’s larges
Commodities – Hedge funds continue bearish positions on commodities... [more]From Cattlenetwork.com: Hedge funds have extended their misfortune on agricultural commodities, as increasingly negative sentiment on sugar and livestock more than offsets a reevaluation of laid-back positioning on wheat.
According to data from the Commodity Futures Trading Commission regulato
Activist News – ADW Capital Partners jumps on board USA Truck... [more]From Thedeal.com: A New York-based hedge fund has put USA Truck Inc. back in the crosshairs, calling on the company to overhaul its management and divest assets less than a year after the transport firm was subject to a hostile takeover offer. ADW Capital Partners LP in a letter to management critic
…And Finally – Blurred lines cause traffic chaos... [more]From Orange.co.uk: Wobbly lines on a major road in Fairfax County, Virginia, USA, caused "horrific" confusion for drivers over the weekend.
Temporary lane stripes put down on the Interstate 66 between Centreville and Gainesville peeled off and moved around overnight.
The resulting wavy l