HedgeWorld News - June 16, 2011

U.S. SEC: Stanford Victims Should Be Compensated 06/15/2011 5:28:06 PM ET EDITOR'S NOTE: This story has been updated throughout. WASHINGTON/NEW YORK (Reuters)悠n a major victory for victims of Allen Stanford's alleged Ponzi scheme, U.

Blackstone Sued Over 2007 Extended Stay Buyout 06/15/2011 5:12:40 PM ET EDITOR'S NOTE: This story has been updated throughout. WILMINGTON, Del. (Reuters)唯 lackstone Group LP was sued for allegedly siphoning $2.1 billion from the leveraged buyout of Extended Stay America Inc.

LightSquared May Seek FCC Deadline Extension 06/15/2011 4:05:57 PM ET EDITOR'S NOTE: This story has been updated throughout. NEW YORK (Reuters)幽arbinger Capital-backed LightSquared is considering asking U.S. regulators for another two weeks to explain GPS interference issues related to a high-speed wireless network it wants to build, the company said on Wednesday [June 15].

Jiau Trial: Nguyen Says Lunchtime Walk Led to Insider Conspiracy 06/15/2011 3:55:47 PM ET NEW YORK (Reuters)優uring a walk on the California campus of chipmaker Nvidia Corp. in 2007, technology consultant Winifred Jiau invited a friend to form a "club" to share corporate financial secrets, the jury at her insider trading trial was told.

Credit Suisse Raises Fortress Investment to 'Outperform' 06/15/2011 3:47:35 PM ET NEW YORK (Reuters)佑redit Suisse raised Fortress Investment Group to "outperform," as it expects the investment manager to generate higher net flows and reinstate its dividend. The brokerage expects Fortress to focus on sector-specific funds in some specialized, long-term markets such as retirement, transportation and financial services, and sees this strategy paying off with higher net flows in the second half of 2011.

Newedge's Daley Leaving Asia For Family Office Role 06/15/2011 3:28:36 PM ET HONG KONG (Reuters)湧ewedge's Asian prime brokerage senior strategist and head of capital introductions Kirby Daley is leaving the firm to become the co-chief investment officer at a family office, according to a memo from the company. Newedge is the No.

Macquarie Seeks to Expand North American Energy Trade 06/15/2011 3:15:50 PM ET HOUSTON (Reuters)柚acquarie Bank is looking to expand its energy trading business in the physical North American crude, liquefied natural gas, and coal sectors in the coming years, the head of the energy markets division said on Tuesday [June 14]. Macquarie, Australia's largest investment bank and already one of the top traders of physical natural gas in the United States, has been looking into several new markets based on client requests and the expected leverage it will have with a planned LNG export terminal.'>Headlines for: June 16, 2011

U.S. Sen. Grassley Steps up Pressure on SEC in SAC Probe 06/15/2011 5:32:34 PM ET EDITOR'S NOTE: This story has been updated with comments from SAC Capital Advisors. BOSTON (Reuters)祐en. Charles Grassley turned up his pressure on the Securities and Exchange Commission to investigate hedge fund heavyweight SAC Capital Advisors on Wednesday [June 15], more than tripling to 65 the number of referrals of suspicious cases on which he says the SEC has remained silent.

U.S. SEC: Stanford Victims Should Be Compensated 06/15/2011 5:28:06 PM ET EDITOR'S NOTE: This story has been updated throughout. WASHINGTON/NEW YORK (Reuters)悠n a major victory for victims of Allen Stanford's alleged Ponzi scheme, U.

Blackstone Sued Over 2007 Extended Stay Buyout 06/15/2011 5:12:40 PM ET EDITOR'S NOTE: This story has been updated throughout. WILMINGTON, Del. (Reuters)唯 lackstone Group LP was sued for allegedly siphoning $2.1 billion from the leveraged buyout of Extended Stay America Inc.

LightSquared May Seek FCC Deadline Extension 06/15/2011 4:05:57 PM ET EDITOR'S NOTE: This story has been updated throughout. NEW YORK (Reuters)幽arbinger Capital-backed LightSquared is considering asking U.S. regulators for another two weeks to explain GPS interference issues related to a high-speed wireless network it wants to build, the company said on Wednesday [June 15].

Jiau Trial: Nguyen Says Lunchtime Walk Led to Insider Conspiracy 06/15/2011 3:55:47 PM ET NEW YORK (Reuters)優uring a walk on the California campus of chipmaker Nvidia Corp. in 2007, technology consultant Winifred Jiau invited a friend to form a "club" to share corporate financial secrets, the jury at her insider trading trial was told.

Credit Suisse Raises Fortress Investment to 'Outperform' 06/15/2011 3:47:35 PM ET NEW YORK (Reuters)佑redit Suisse raised Fortress Investment Group to "outperform," as it expects the investment manager to generate higher net flows and reinstate its dividend. The brokerage expects Fortress to focus on sector-specific funds in some specialized, long-term markets such as retirement, transportation and financial services, and sees this strategy paying off with higher net flows in the second half of 2011.

Newedge's Daley Leaving Asia For Family Office Role 06/15/2011 3:28:36 PM ET HONG KONG (Reuters)湧ewedge's Asian prime brokerage senior strategist and head of capital introductions Kirby Daley is leaving the firm to become the co-chief investment officer at a family office, according to a memo from the company. Newedge is the No.

Macquarie Seeks to Expand North American Energy Trade 06/15/2011 3:15:50 PM ET HOUSTON (Reuters)柚acquarie Bank is looking to expand its energy trading business in the physical North American crude, liquefied natural gas, and coal sectors in the coming years, the head of the energy markets division said on Tuesday [June 14]. Macquarie, Australia's largest investment bank and already one of the top traders of physical natural gas in the United States, has been looking into several new markets based on client requests and the expected leverage it will have with a planned LNG export terminal.