That investor had discussions with the hedge fund about the picks, but was not at all bound to take the hedge funds suggestions and even turned down some of the securities the hedge fund wanted.
Or as an alternative title, why you might want to be careful believing what Zero Hedge says about anything.
Kovachev also is alleged to have put Dreier in contact with a third hedge fund about a transaction involving the promissory notes.
You were cold called, and then the promoters lied about their hedge fund experience and about their oil and gas industry credentials.
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In one e-mail, the unnamed co-conspirator tells Chilowitz he is going to approach "certain billionaire managers of a hedge fund about working for them" and asks Chilowitz to get certain confidential prime brokerage data.
When big institutional investors were recently polled at a recent Goldman Sachs hedge fund conference about their return outlook for hedge funds, the overwhelming majority of them said they expected single digit returns in 2013.
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They're very worried in particular about hedge funds and indeed the Italian Finance Minister was talking about banning them all together, and they're worried about off-shore markets.
As bad as it is, the news about hedge funds of funds is even worse.
William Ackman has been the most talked about hedge fund manager in America in 2013.
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In 2009, hedge funds generated about 3% of trading volume in U.S. government bonds.
Grassley asked Specter to consider adding to the draft legislation the Pennsylvania lawmaker has been circulating about hedge fund regulation.
If a new report about hedge fund corruption is to be believed, the industry is overrun with unethical and illegal activity.
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However, he did not assert that any specific bank or hedge fund knew about or was an accomplice in his Ponzi scheme.
Another really good example of the tension in tax policy is the current excitement about hedge fund managers getting capital gains treatment on their carried interest.
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The continent's major indexes were down an average 1.5% in Thursday morning trading, dragged down by financials as worries about hedge fund exposure to America's subprime mortgage market resurfaced.
Dealbook is reporting that Kinnucan, who refused to wear a wiretap for the Fed (and wrote all his hedge funds friends about it) received a subpoena from the FBI this morning.
Sorkin interviewed Doug Kass, of Seabreeze Partners Management and other hedge fund managers about leveraged ETFs, and the supposed volatility they have caused in recent weeks and months, especially towards the end of the trading day.
The request, made to the Securities and Exchange Commission, followed concerns by some of the association's 3, 000 members, which include hedge funds, about what they saw as a lack of clarity surrounding the use of expert networks.
In a couple of the pieces I have written so far I have expressed frustration with people writing about hedge funds and carried interests without acknowledging (or possibly even knowing) that they are dealing with a fundamental principle of partnership taxation not some sort of special deal for hedge fund managers.
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It is probably worthwhile making a few observations about the modern hedge fund and private equity fund industries before going into too much more detail about how these funds are structured and operated.
While the average stock fund fell by about 40% that year, the average hedge fund's drop was about 20%, according to Morningstar.
For example, one insider told me back in March 2008 that he spoke with a hedge fund honcho who bragged about the profits he made by shorting Bear Stearns shares as it orchestrated a massive withdrawals of hedge fund money from the now defunct Wall Street firm.
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To make matters worse, hedge funds were bragging about uncanny returns, making the impossible seem possible.
But it may also be that investors are more careless about choosing hedge funds than they should be.
The politicians (and regulators) involved in the debate have little information about what hedge funds are doing today.
Estimates vary, but by one count Britain has about 700 hedge-fund managers today.
According to the survey, one-third of their investable assets are in hedge funds--about the same amount as in previous years.
In other words, Lauer made false and fraudulent representations about his hedge fund in order to make more money from investors.
Griffin, whose hedge fund still owns about 9.6% of E-Trade, pushed for the company to reshuffle the board and sell itself.
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News of its demise comes just one day after the Federal Reserve Bank of New York issued a report warning about risks hedge funds pose to the broader markets.
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