Court Papers Reveal FBI Has Eyed Loch Capital Founder Since 2009
05/27/2011 5:43:48 PM ET
NEW YORK (Reuters)邑hen federal agents raided the offices of Boston-based hedge fund Loch Capital Management last November, they already had evidence that one of the hedge fund's founders had obtained "inside information," according to a court filing. Todd McSweeney may have used the information from a so-called expert network firm to engage in wrongful trading, according to a wiretap application.
Hedge Fund Chiefs: Short Green Tech, Store Gems
05/27/2011 5:26:06 PM ET
NEW YORK (Reuters)唯et against solar energy, says famed short seller James Chanos. Squirrel away gems, advises bond guru Jeffrey Gundlach. Go long on discount retailer Family Dollar, counsels activist investor William Ackman.
Lipper: U.S. Commodity Fund Inflows Slip to $1.3 Billion in April
05/27/2011 4:59:17 PM ET
NEW YORK (Reuters)柚onthly inflows to commodity-based products and mutual funds dipped to just $1.3 billion in April, just before commodities suffered their biggest correction since 2008, Lipper data showed on Thursday [May 26].
Two More Plead Guilty in U.S. Expert Network Insider Probe
05/27/2011 4:36:26 PM ET
EDITOR'S NOTE: This story has been updated with Samir Barai痴 guilty plea and further details. NEW YORK (Reuters)輸 former hedge fund manager and a one-time Nvidia Corp.
Investing In a U.S. Budget Meltdown? Good Luck
05/27/2011 3:17:03 PM ET
NEW YORK (Reuters)裕he previously unthinkable, a U.S. debt repayment crisis, is now giving serious thinkers pause. Investors regard Treasury bills as being the safest place to put funds during in a crisis.
Short Sellers Eye Glencore
05/27/2011 12:59:19 PM ET
LONDON (Reuters)祐hort sellers are circling Glencore, just days after its record London float in a grim portent for investors seeking out protection from volatile commodities by buying shares in the sector's largest trader. Figures released on Friday [May 27] by specialist research house Data Explorers show that around 18.
Alliance Trust Buybacks Continue After AGM
05/27/2011 12:34:18 PM ET
LONDON (Reuters)輸lliance Trust spent around ｣30 million ($49.37 million) this week on buying its own shares even after seeing off a shareholder rebellion aimed at committing the group to a share buy-back spree.
Senators Press CFTC to Curb Oil Speculation
05/27/2011 12:09:19 PM ET
WASHINGTON (Reuters)祐enators hoping to rein in high oil and gasoline prices slammed the futures market regulator on Thursday [May 26] for not moving faster to crack down on out-of-control speculators in commodity markets. At a meeting with lawmakers on Capitol Hill, Commodity Futures Trading Commission Chairman Gary Gensler refused to spell out when the agency would act on a rule to limit the number of contracts big market players can hold in oil and other commodities.
