SEC joins chorus to reverse insider trading ruling... [more]Komfie Manalo, Opalesque Asia: The U.S. Securities and Exchange Commission (SEC) has joined the chorus in asking the 2nd U.S. Circuit Court of Appeals to reconsider its ruling reversing the insider trading convictions of hedge fund managers Todd Newman and Anthony Chiasson.
Hedge funds shorting B&O hit by price surge amid takeover bets... [more]From Bloomberg.com: As Bang & Olufsen A/S shares jump amid takeover speculation, hedge funds that have quadrupled bets against the luxury stereo-maker are watching their short positions plunge in value. “There are people in the market who are quick to speculate in takeover cases,” Ole Kjaer Jensen,
Greenwich Global Hedge Fund Index up +0.09% in December... [more]The Greenwich Global Hedge Fund Index ended December up +0.09%. Global equity markets were negative in December with the MSCI World Index down -1.75% and the S&P 500 down -0.25%. Bond markets as measured by the Barclays Aggregate Bond Index were up +0.94%.
Hedge fund strategy highlights
Research reveals hedge funds are optimistic about future... [more]A new global survey commissioned by State Street amongst 235 hedge fund professionals reveals strong optimism within the industry. The findings show that respondents (55 percent) expect pension funds to increase their exposure to hedge fund strategies over the next five years. This figure increased
Is troubled hedge fund manager Steve Cohen getting back in the SAC?... [more]From NYPost.com: Former hedge-fund kingpin Steve Cohen may eventually be able to manage outside money again, according to a report. A recent appeals court decision that the government says “threatens the effective enforcement of the securities law” might pave the way, legal experts said.
…And Finally - Prison restaurant is the best in Cardiff... [more]From Orange.co.uk: A restaurant at a prison staffed entirely by inmates has been ranked as the best in Cardiff by diners.
The Clink Restaurant at HMP Cardiff - which is open to the public - has been ranked number one on TripAdvisor out of 946 eateries in the Welsh capital.
Diners who pos