SEC brings charges against eight in pump and dump scheme... [more]Bailey McCann, Opalesque New York: The Securities and Exchange Commission today charged a ring of eight individuals for their roles in an alleged pump-and-dump scheme involving a penny stock company based in California that has repeatedly changed its name and purported line of business over the p
eVestment: Hedge fund assets rise 1.6%... [more]Bailey McCann, Opalesque New York: Total assets in hedge funds increased 1.6% in August to $3.068
trillion, overtaking the all-time peak level set prior to July’s slight
decline, according to eVestment's latest hedge fund asset flow data. August’s asset increase of $49.6 billion came primaril
Barclay CTA Index Gains 1.63% in August; (+2.18% YTD)... [more]Managed futures gained 1.63% in August according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the Index is up 2.18%. “The trend was a friend in August,” says Sol Waksman, founder and president of BarclayHedge. “The S&P 500 rallied to new all-time highs, US Treasury yields decline
Peak6 hedge fund business to spin out from Chicago trading firm... [more]From WSJ.com: Chicago trading firm Peak6 Investments LP is spinning out its $2.3 billion hedge-fund business, which will change its name and focus on growth by trading European credit and stocks out of a new London office.
Peak6 Investments, which specializes in options trading and clearing us
Europe - Hedge funds seek profit in Scotland volatility... [more]From WSJ.com: Hedge funds have been trying to profit from market volatility surrounding Scotland's independence referendum, regardless of whether it votes to leave the U.K.
A narrowing of the polls in recent weeks made the contest too close to call as voting began Thursday, leaving many manage
Activist News - TransCanada targeted by activist U.S. hedge funds... [more]From CBC.ca: Canada, which has seen a fair share of U.S. activist investors cross the border in the last years, may soon have more of them knocking on its door. Calgary-based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38-billion pi
…And Finally - New Munich mayor practices hard to tap Oktoberfest keg... [more]From UPI.com: The mayor of Munich, Germany, said he has been practicing for one of the office's most famous duties -- tapping the year's first wooden Oktoberfest keg.
Dieter Reiter, who took office earlier this year, said he has been practicing to tap the first keg when the annual celebration