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Billionaire, 5 Others Charged In Insider Trading Case

Oct. 16, 2009
Five men, including a billionaire hedge fund boss, and a woman were arrested by federal authorities in a hedge fund insider trading case that prosecutors say reaped $20 million in illegal profits.
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Calpers seeks hedge fund concessions

NEW YORK, March 28 (UPI) -- The California public pension Calpers is demanding that the hedge funds in which it invests give it better terms, such as lower prices, a memo indicates.

Hedge-fund copycat disappointing

NEW YORK, Jan. 31 (UPI) -- Hedge-fund copycat products are not living up to their billing, often posting smaller gains than the indexes they track, New York hedge-fund managers say.

Senate urged to leave hedge funds alone

WASHINGTON, May 17 (UPI) -- Financial experts are urging U.S. senators to refrain from tightening regulations for the $1.5 trillion hedge fund industry.

U.S. Senate summons hedge fund leaders

WASHINGTON, March 22 (UPI) -- U.S. hedge fund managers have been invited to talk with a U.S. Senate Banking panel to discuss possible regulation of their business.

Bayou hedge fund leaders plead guilty

WHITE PLAINS, N.Y., Sept. 29 (UPI) -- The leaders of a Connecticut hedge fund that allegedly exaggerated results before collapsing recently pleaded guilty Thursday in the scandal.

Islamic hedge fund takes off

WASHINGTON, Oct. 11 (UPI) -- An Islamic hedge fund that complies with Shariah law, managed by Connecticut-based Meyer Capital, has been launched, the Financial Times reports.

Islamic hedge fund takes off

WASHINGTON, Oct. 11 (UPI) -- An Islamic hedge fund that complies with Shariah law, managed by Connecticut-based Meyer Capital, has been launched, the Financial Times reports.

J.P. Morgan Chase buys stake in hedge fund

NEW YORK, Sept. 27 (UPI) -- New York's J.P. Morgan Chase is buying a majority stake in Highbridge Capital Management, a hedge fund, the Wall Street Journal reported Monday.

Hedge fund Fountainhead shut down

WASHINGTON, Aug. 3 (UPI) -- A federal judge has shut down Fountainhead Asset Management in Wayne, Pa., after the SEC issued fraud charges, CBSMarketwatch.com reports.

SEC staff seeks hedge fund oversight

NEW YORK, Sept. 29 (UPI) -- Until now, the $600-billion hedge fund industry has been allowed to roam like the proverbial 600-pound gorilla, but that may change if the SEC has its way.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch