(Bloomberg) — A “golden cross” of two moving price averages of the Dollar Index for the first time in 18 months indicates that the rally in the greenback may accelerate, Auerbach Grayson & Co.
Posts Tagged ‘Fund Managers’
Golden Cross May Indicate Dollar Index Gain
February 18th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Auerbach Grayson, Brown Brothers Harriman, Bullish Trend, Dollar Index, Fibonacci Charts, Fund Managers, Global Head, Golden Cross, Greenback, Intercontinentalexchange Inc, Money At Home, Moving Average, Price Averages, Retracement, Richard Ross, S Trading, Study Charts, Technical Indicator, Technical Strategist, Term Investors 
Comments OffProsecution begins Opening Statements in Case Against Former Bear Sterns Hedge Fund Managers
October 15th, 2009 Before You Invest Opening statements by the prosecution began today in the trial of one time Bear Stern employees Ralph Cioffi and Matthew Tannin. The former hedge fund managers are the first to be tried in connection with a federal probe into the subprime market collapse.
The men are charged with misleading clients who invested into two separate hedge funds that collapsed.
Posted in Finance Fraud Tags: Actuality, Bear Stearns, Bear Stern, Bear Sterns Hedge Fund, Collateralized Debt Obligations, Credit Strategies, Federal Probe, Fund Managers, Hedge Funds, Insider Trading, Investment Policy, Market Collapse, Opening Statements, Personal Money, Ralph Cioffi, Securities Fraud, Strategies Master, Subprime Market, Tannin, Wire Fraud No Comments »Orange Business Services – Trading Solutions launches Mobile Call Recording Platform in Asia Pacific
October 2nd, 2009 Before You Invest Orange Business Services – Trading Solutions, the leader in convergent voice and electronic trading infrastructure and services for the trading communities, today announced the release of its innovative mobile call recording platform, which enables secure trading via mobile phones.
The call recording solution is designed with compliance requirements in the forefront and is both secure and cost effective. 
Henri Vautheny, Vice President
Posted in Finance Fraud Tags: Alliance Member, Anomalies, Asia Pacific, Business Continuity, Call Recording, Compliance Requirements, Disaster Recovery Plan, Disruption, Electronic Trading, Forefront, Fund Managers, Landlines, Legal Professionals, Pandemic, Private Bankers, Risk Alert, Secure Trading, Trading Solutions, Wealth Managers, Working Practices No Comments »SEC Director of Compliance Inspections to Resign
July 9th, 2009 Before You Invest The Securities and Exchange Commission announced today that Lori A. Richards, Director of the SEC’s Office of Compliance Inspections and Examinations (OCIE), plans to leave the agency after more than two decades of government service.
Ms. Richards has been the Director of OCIE since it was created by Chairman Arthur Levitt in May 1995.
Posted in Finance Fraud Tags: Arthur Levitt, Broker Dealers, Chairman Arthur Levitt, Compliance Inspections, Credit Rating Agencies, Decades, Director Ms, Fund Managers, Government Service, Initiatives, Investment Advisers, Lori, Mutual Funds, Office Of Compliance, Oversight, Regulatory Organizations, Securities And Exchange, Securities And Exchange Commission, Service Ms, Trading Markets No Comments »Morningstar initiates target-date fund reports
May 29th, 2009 Before You Invest Morningstar Inc. said Wednesday it is launching ratings and detailed reports on target-date funds. The style of mutual funds have been criticized for losing significant value as the stock market deteriorated last year even though they were sold as safe investments for retirement.
The average 2010 target-date fund, for example, lost 25 percent last year, said John Rekenthaler, vice president of research for Morningstar. The funds are designed to align investment risk with the year an investor plans to retire. As the investor approaches retirement, the funds are designed to shift from stocks to less risky bonds or other investments. The top performing 2010 fund lost just 3.6 percent last year, while the worst was down 41 percent, he said, illustrating the wide variance in investment strategies used. “Surprise about these variations in performance reveals the lack of knowledge about this new, fast-growing category of mutual funds,” he said. Rekenthaler said the new research and reports will help inform investors about the funds, which have become the default investment in many employer offered 401(k) plans. Reports on 20 fund families will begin in the third quarter of this year, he said. The reports will evaluate the fund managers, the parent company offering the fund, performance, the fund’s holdings and its price. The reviews will be updated annually. Morningstar, an independent investment research company, announced the new reports at its annual investor conference under way in Chicago, where the company is based.
Posted in Finance Fraud Tags: 401 K Plans, Bonds, Fund Families, Fund Managers, Fund Performance, Independent Investment Research, Investment Risk, Investment Strategies, Investments, Investor Conference, Lack Of Knowledge, Morningstar Reports, Mutual Funds, Parent Company, Retirement, Stock Market, Target Date, Variance, Variations, Vice President No Comments »Madoff middleman charged with fraud
April 12th, 2009 Before You Invest A fund manager has been charged with fraud after he allegedly funnelled $2.4 billion to Bernard Madoff’s firm without investors’ knowledge.
New York attorney general Andrew Cuomo said Ezra Merkin was a self-styled “investment guru” who was in fact just a “master marketer”.
Posted in Finance Fraud Tags: Ascot, Attorney General Andrew Cuomo, Bernard Madoff, Charities, Civil Complaint, Complaint States, Ezra, Fraud, Fund Managers, Investment Guru, Lieutenants, Master Marketer, Merkin, Middleman, New York Attorney General, New York Attorney General Andrew Cuomo, Performance Fees, Ponzi Scheme, Red Flags, York Attorney General Andrew Cuomo No Comments »Northern Trust axes London-based team
April 11th, 2009 Before You Invest (Reuters) — Asset manager Northern Trust has made redundant the bulk of its active International Equities fund management team in London, sources and a company statement said on Thursday.
Some analysts will continue to operate out of London, but the fund management functions will be handled in Chicago as part of a broader consolidation around key centres, sources at the company said. The company declined to comment on the number of staff leaving or whether any additions would be made to the team in the United States. One source at the firm said less than 10 fund managers were losing their jobs in the cull. The move is further evidence that fee-generating portfolio managers are firmly in the firing line now that fund management firms have started to run out of costs to cut in their back and middle offices. Consultants have voiced fears that companies might damage their investment performance if they choose to cut back too heavily on fund manager talent. Following the changes, Northern Trust said it would have over 150 people in its asset management business in London. Among the team leaving Northern Trust is head of the unit Stephen Dowds.
Posted in Finance Fraud Tags: Asset Management Business, Asset Manager, Capital Management, Chief Investment Officer, Classical Guitarist, Cull, Dowds, Dryden, Equity Fund, Finding A New Job, Firing Line, Fund Management, Fund Managers, Growth Equity, International Equities, Investment Performance, Management Firms, Management Functions, Northern Trust, Portfolio Managers No Comments »Bridgewater named biggest US hedge fund manager
March 9th, 2009 Before You Invest Connecticut-based Bridgewater Associates has topped a new poll to find the United States’ biggest hedge fund manager, overtaking JP Morgan Chase.
The rankings, compiled by Absolute Return magazine, puts the firm’s assets under management at $38.6 billion as of January 1st. This represents an 11 percent decline since July of last year, but it was still enough to beat the Wall Street veteran.
JP Morgan came second with $32.9 billion under management, down 26 per cent in the six months to the end of 2008.
New York’s Paulson & Co climbed one place to third with $29 billion in assets under management, swapping places with DE Shaw Group, which clocked up investments worth $28.6 billion.
Overall, the Absolute Return survey found that the number of US hedge fund managers controlling $1 billion or more had declined by 19 percent to 218 firms.
New York was found to be the heartland of America’s hedge fund industry, with 121 fund managers – including seven of the top ten firms – calling the Empire State home. Connecticut was second with 29, followed by California.
Posted in Finance Fraud Tags: 1 Billion, Absolute Return, Assets Under Management, Bridgewater Associates, De Shaw, Decline, Empire State, Fund Managers, Heartland Of America, Home Connecticut, January 1st, Jp Morgan, Jp Morgan Chase, New Poll, Paulson, Return Survey, Shaw Group, Street Veteran, Survey Found That, Wall Street Comments OffWorld’s first directory of green hedge funds gets launch
February 18th, 2009 Before You Invest The world’s first centralized directory of hedge funds concerned with investing in environmental areas such as renewable energy, forestry and energy futures trading has been launched by the Energy Hedge Fund Center (EHFC), according to reports.
Renewable Energy World stated that the directory also lists funds with strategies in carbon trading and finance, energy efficiency and water.
Peter C Fusaro, chairman of Global Change Associates and one of the co-founders of the EHFC, said: “We thought it was time to release a green hedge fund directory now that the green trading markets are maturing.”
According to EHFC’s website, the directory currently includes 510 hedge funds and has around 180 subscribers.
The database lists information including the value of assets under management, fund returns, strategies and type, contact information and details on fund managers and backgrounds.
In related news, the eighth annual Wall Street Green Trading Summit, which is organized by Mr Fusaro, will take place in New York on April 1st and 2nd.
Posted in Finance Fraud Tags: April 1st, Assets Under Management, Carbon Trading, Centralized Directory, Energy Forestry, Energy Futures, Energy World, Finance Energy Efficiency, Founders, Fund Directory, Fund Managers, Futures Trading, Global Change, Hedge Fund Center, Hedge Funds, Management Fund, Peter C Fusaro, Related News, Renewable Energy, Trading Markets Comments OffNational Bank of Kuwait has fully reimbursed all its clients who lost money in the alleged $50bn Ponzi scheme run by New York broker Bernard Madoff
February 1st, 2009 Before You Invest National Bank of Kuwait has fully reimbursed all its clients who lost money in the alleged $50bn Ponzi scheme run by New York broker Bernard Madoff, banking sources said.NBK paid about $50m to some 20 individuals who invested in Madoff feeder funds through its Swiss bank in December, one NBK executive said.The clients received the principal they initially put into the funds and the gains, said by authorities to be fictitious, they thought they had made.
Posted in Finance Fraud Tags: 50m, Bank Of Kuwait, Bernard Madoff, Face Value, Fairfield Greenwich, Feeder, Fund Managers, Hedge Fund, Institutional Investors, Mark Gross, Money Managers, Monies, National Bank Of Kuwait, Nbk, New York Broker, Preference Shares, Private Clients, Spanish Bank, Swiss Bank, Tremont Comments Off
