Funds Hub
Money managers under the microscope
Morning Line-Up: euro losses, Tories, Ucits
News and views on the asset management industry from Reuters and elsewhere:
Hedge funds hurt by bets against euro – WSJ
The $1.8 mln apartment and Ivy League fiancee of hedge fund manager accused of insider trading – Daily Mail
Are hedge fund managers the Tories’ trade unionists? – BBC blog
Ucits hedge funds struggle to raise assets under management over 100 mln euros – Hedge Funds Review
Dare you buy a fund from your bank? – Telegraph
Morning Line-Up: insider trading, BP, 2011 outlook
News and views on the asset management industry from Reuters and elsewhere:
Insider trading defendants in prime time to deal – Reuters
U.S. pension funds prepare to sue BP over oil spill – Telegraph
Year-end planning: the 2011 fund outlook – Reuters
ICI: Long-term mutual funds rose $1.8bln in latest week – WSJ
Morning Line-Up: Insider trading fine, love on AIM, BA pension deal
News and views on the fund industry from Reuters and elsewhere:
Ex hedge fund manager fined £50 K for insider trading - Reuters
Easydate lists on AIM - Scotsman
BA’s pension deal with trustees – Financial Times
Morning line-up
Enlightening stories on the hedge fund industry from Reuters and elsewhere.
Tapes key to Galleon case, Khan’s lawyer says – Reuters
Ex-wife sues SAC’s Cohen, alleges insider trading – Reuters
Investment managers confident about 2010 prospects – Hedge Funds Review
New Haven pension fund invests in hedge fund replication – Global Pensions
Australian hedge funds up 1.54 pct in November – HedgeWeek
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Mandelson says EU rules may choke recovery – Bloomberg
Insider trading probe catches 14 more – Reuters
Citi to relaunch hedge fund unit – FT
Man Group on slow recovery path – Reuters
Aussie hedge fund plans move – The age
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Fate of Galleon’s founder could put fund out of business- Reuters
China deal close for Avenue Capital - Reuters
Hedge fund lawsuit against Biden’s son thrown out - AP
Former Bear Stearns Hedge fund managers accused of insider trading involvement – CNN Money
Do you hold any stock from the Galleon portfolio?
Raj Rajaratnam, billionaire founder of the Galleon Group hedge fund, was arrested Friday on charges of leading an insider trading scheme that generated more than $20 million in profit over the past few years.
Below are the top stocks of Galleon Management LP’s $1.95 billion of stock holdings as of June 30, based on Securities and Exchange Commission filings.
NAME STOCK SYMBOL MARKET VALUE SHARES HELD
EBay Inc <EBAY.O> $116.1 mln 4.74 mln
Apple Inc <APPL.O> $78.3 mln 416,491
Google Inc <GOOG.O> $77.4 mln 140,800
OSI Pharmaceuticals <OSIP.O> $52.6 mln 1.65 mln
Bank of America Corp <BAC.N> $42.9 mln 2.48 mln
JPMorgan Chase & Co <JPM.N> $41.9 mln 909,845
Cisco Systems Inc <CSCO.O> $38.6 mln 1.61 mln
SPDR Trust <SPY.P> $34.4 mln 316,000
Dell Inc <DELL.O> $31.8 mln 2.08 mln
EMC Corp <EMC.N> $29.6 mln 1.65 mln
