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Category: Hedge Funds

Bridgewater’s move to Stamford “only a 20 percent probability”

In what would represent a blow to one of Gov. Dannel Malloy’s highly touted economic development initiatives, the Westport News has reported an attorney for Bridgewater Associates as saying that the
sacfleeces

Ebay seller offers up SAC fleece as ‘a piece of history’

As if last year’s insider trading investigation wasn’t devastating enough for hedge fund trader Steven Cohen, the humorous and often scathing blog Dealbreaker has happened upon this interesting eBay
Categories: Hedge Funds, SAC

Fight over Bridgewater site continues in Stamford

In today’s Advocate, Martin Cassidy reports that developer Building and Land Technology is slated to appear Wednesday before the city’s Zoning Board of Appeals to defend an unauthorized 2011
Categories: development, Hedge Funds

Where does your hedge fund grow? Texas, Utah, Australia

The New York-based Hedge Fund Association said Tuesday it has three new chapters as the industry’s expansion across the nation and globe continues in this maturing sector of finance. HFA, in a press
Categories: Hedge Funds

Raj Rajaratnam’s little brother charged with insider trading

With his brother Raj Rajaratnam already sitting in a federal penitentiary for insider trading, his little brother Rengan Rajaratnam is now facing similar charges. The U.S. Securities and Exchange

Cohen’s hedge funds and advisories settle SEC allegations for $616 million

The U.S. Securities and Exchange Commission said advisories and hedge funds affiliated with SAC Capital have settled allegations of insider trading in two separate cases, agreeing to pay a total of

Car breakdown leads to 41 months in jail for hedge fund CFO

Darrin Foster formerly of the Bronx, spent six years using a Westport hedge fund as his personal piggy bank and two years on the lamb from law enforcement, will head to jail to serve 41 months for

Ridgefield-based hedge fund executives indicted

David B. Fein, United States Attorney for the District of Connecticut, and Kimberly K. Mertz, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced
Categories: Fraud, Hedge Funds

Bridgewater hires Northern Trust for back-office services

A little more than a year since Westport-based Bridgewater Associates turned over some of its back-office functions to BNY Mellon, the world’s largest hedge fund is hiring Northern Trust’ to replicate

ESL and the Connecticut anchor

So Edward Lampert has moved ESL Investments South and looks like he will be a full-time resident of Florida where there is no income tax. Much hand ringing has followed and there’s the usualĀ  talk
Categories: Economy, General, Hedge Funds