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Avenue Capital Said to Be in Talks With Goldman Sachs Traders A group of Goldman Sachs Group Inc. traders in the U.S. is being pursued by at least three competing firms including Avenue Capital Group as the investment bank prepares to break up the unit, according to two people briefed on the discussions. Read more on BusinessWeek

SEC charges Carlson Capital over short-sale rule SAN FRANCISCO (MarketWatch) — The Securities and Exchange Commission said Thursday that it charged Carlson Capital LP, a big Dallas-based hedge fund firm run by Clint Carlson, for violating a short-selling rule. The SEC said Carlson improperly participated in four public stock offerings after selling short the same stocks. Carlson agreed to pay $2.65 million in disgorgement, penalties and pre … Read more on Market Watch

Titan Capital Group Names Keith Danko as Partner NEW YORK–(BUSINESS WIRE)–Titan Capital Group announced today that hedge fund industry veteran Keith Danko has joined the firm as Partner. Mr. Danko will work closely with Titan founder Russell Abrams with a particular focus on business development. He will also assist Mr. Abrams in the overall management of the firm. Mr. Danko is based in Titan’s New York headquarters. “We are extremely … Read more on Business Wire

HotSpotCapital is an ethical long short trend-following and arbitrage hedge-fund.

Hedge Fund Closure Rate May Rise to 20% on Lack of Capital, Merrill Says Bloomberg As much as 20 percent of hedge funds globally may be liquidated by the first quarter because smaller managers are … Source launches hedge fund replicator ETFFinancial Times Source launches hedge fund ETFifaonline.co.uk Source Launches Hedge Fund ETFEmii.com HedgeWeek all 5 news articles »

Source: Hedge Fund – Google News

Annaly Capital: Dividend Dynamo or the Next Blowup? Just how safe is this dividend? Read more on The Motley Fool

A scandal involving the Moore Capital Hedge Fund has shaken the financial world. One of the largest insider trading instances to strike London in many years forged a shadow upon the European banking institutions Deutsche Bank AG  and BNP Paribas SA, in addition to U.S. hedge fund Moore Capital.

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A trader in the London branch of New York City-based Moore, together with staff members of Deutsche and investment bank Exane, partially held through BNP Paribas, had been amongst a team of half a dozen individuals arrested by UK agents within an investigation which sent shockwaves throughout London’s financial district.

A spokesperson on behalf of Moore, a fourteen billion dollar hedge fund directed by secretive United States born billionaire Louis Moore Bacon, stated that the firm is cooperating with the investigation through the FSA. Louis Moore Bacon started Moore Capital in 1986.

Showing the range of the procedure, the Financial Services Authority mentioned a group of 143 officials raided sixteen household and company locations in London, arresting the six individuals and confiscating written documents and computer systems.

Up to now, not one of the six individuals arrested have been charged or officially identified by UK regulators. At this time it isn’t apparent just how large the probe will turn out to be.

However the step by the FSA arrives just a few months right after the hedge fund world inside the U.S. was rocked by the large Galleon insider trading scandal, where almost twenty-five individuals have been indicted by United States authorities.

In a statement Moore Capital says the probe does not include any of its investments. The investor, who worked at the equity execution department, was placed on administrative leave of abscence and Moore states it is complying with all aspects of the investigation.

Deutsche Bank also stated in a release “we are cooperating with authorities as they look into this matter.”

The investor currently being investigated is Julian Rifat, reported an individual near to the hedge fund. Rifat, who became a member of Moore Capital’s London branch in 2008, is known as an execution trader, in whose primary task is finishing equity trades for the fund.

Moore Capital Hedge Fund has experienced good results lately. Its principal fund had increased by twenty-two percent in 2009. It also has been hiring traders from large organizations such as Goldman Sachs and Citigroup. In February 2010 it signed up previous leading Citigroup executive Michael Carpenter.

UBS Hires Pak to Head Asia Hedge Fund Capital Introduction BusinessWeek 8 (Bloomberg) — UBS AG, the largest Swiss bank, hired Stephen Pak from Credit Suisse Group AG to head a team that introduces Asian hedge funds to potential … and more »

Source: Hedge Fund – Google News