Read more hedge fund stories on Newserhttp://www.newser.com/taggrid/5206/hedge-fund.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 6:13:05 CSThttp://www.newser.com/story/73739/jury-clears-fund-managers-in-bellwether-case.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTwo Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted today of lying to investors—a defeat in the government's bid to punish fraud exposed by the financial crisis. The closely watched case was the first one against Wall...http://www.newser.com/story/73739/jury-clears-fund-managers-in-bellwether-case.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 10 Nov 2009 17:29:17 CSThttp://www.newser.com/story/71939/look-out-wall-street-feds-using-wiretaps-now.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe bad boys of Wall Street better watch their mouths. Federal prosecutors used wiretaps to make their case against hedge fund giant Raj Rajaratnam this week, and they plan to use them again in similar investigations. Wiretaps may be common when going after the mafia, say, or terrorists, but their...http://www.newser.com/story/71939/look-out-wall-street-feds-using-wiretaps-now.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 17 Oct 2009 13:04:30 CDThttp://www.newser.com/story/71890/hedge-fund-founder-nabbed-for-insider-trading.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe founder of a $3 billion hedge fund and two other financial executives have been charged with insider trading, the Business Insider reports. Raj Rajaratnam, whose Galleon Group focuses on high tech stocks, was charged with conspiracy and fraud related to trades of Hilton and Google stock, among others. Execs...http://www.newser.com/story/71890/hedge-fund-founder-nabbed-for-insider-trading.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 11:03:13 CDThttp://www.newser.com/story/68113/investors-ditch-once-lofty-cerberus-fund.html?utm_source=syn&utm_medium=rss&utm_campaign=tagHedge-fund investors are leaving once-vaunted investment firm Cerberus Capital Management in droves, the Wall Street Journal reports. The firm, whose acquisitions of Chrysler and GMAC turned disastrous, is seeing $5.5 billion in capital—or 71% of its hedge fund assets—walk out the door. "We have been surprised by...http://www.newser.com/story/68113/investors-ditch-once-lofty-cerberus-fund.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 29 Aug 2009 15:48:00 CDThttp://www.newser.com/story/66721/investors-fund-manager-blew-cash-on-porn-swingers-club.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA group of hedge fund investors are suing California moneyman Milton Ault III, saying he used their money to “fund his lifestyle, which included the development of a ‘swingers ranch’ in the Catskills and other pornographic-related endeavors,” according to court filings. Ault, who says he’s been slinging stocks since age...http://www.newser.com/story/66721/investors-fund-manager-blew-cash-on-porn-swingers-club.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 12 Aug 2009 11:35:00 CDThttp://www.newser.com/story/60377/cia-wants-you-i-banker.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe CIA is looking for a few good bankers to track down millionaire bad guys and stymie financial terrorism, the New York Post reports. Ads on Bloomberg Radio ask money whizzes to use their “intelligence for the work of a nation.” The $160,000 salary will probably be a pay...http://www.newser.com/story/60377/cia-wants-you-i-banker.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 28 May 2009 15:50:12 CDThttp://www.newser.com/story/59480/madoff-money-man-steps-down.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThanks to some strong arming from Andrew Cuomo, financier J. Ezra Merkin is stepping down as manager of his hedge fund and placing it into receivership, the Wall Street Journal reports. Cuomo charged Merkin in a civil fraud complaint last month, saying he “betrayed hundreds of investors,” by pumping $2....http://www.newser.com/story/59480/madoff-money-man-steps-down.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 19 May 2009 10:45:00 CDThttp://www.newser.com/story/58697/ny-lawyer-pleads-guilty-to-400m-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNew York lawyer Marc Dreier pleaded guilty yesterday to selling hundreds of millions in bogus promissory notes to hedge funds and other clients, reports the Times . Dreier, 59, used the $400 million to fund a Manhattan apartment, beachfront houses, and an $18 million yacht. “He has disgraced the honorable profession...http://www.newser.com/story/58697/ny-lawyer-pleads-guilty-to-400m-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 12 May 2009 8:34:03 CDThttp://www.newser.com/story/55272/summers-reaped-millions-from-bailout-recipients.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLawrence Summers, President Obama's top economic adviser, received hefty speaking fees last year from Wall Street giants that later got bailout cash, Bloomberg reports. Summers received a total of $2.7 million from firms like Goldman Sachs and Citigroup on top of the $5.2 million salary he got from...http://www.newser.com/story/55272/summers-reaped-millions-from-bailout-recipients.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 04 Apr 2009 7:25:36 CDT