13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.130 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.1313:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.13

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Monday, June 20, 2011

HedgeWorld News - June 20, 2011


Jiau Trial: U.S. Cites 'Devastating' IM; Jury Deliberates 06/17/2011 2:40:09 PM ET NEW YORK (Reuters)唯efore jurors began deliberating on Friday [June 17] at the insider trading trial of former hedge fund technology consultant Winifred Jiau, a U.S.

RAB Capital to Confirm Delisting: Source 06/17/2011 2:30:12 PM ET LONDON (Reuters)唯eleaguered hedge fund manager RAB Capital is expected to confirm its planned delisting, a source familiar with the matter told Reuters, as the firm battles to survive after an exodus of clients. The company, which has seen assets tumble from about $7 billion at end-2007 to about $1 billion, is expected to continue life as a private company with its flagship Special Situations fund and several other funds, the source added.

Leonard Green, CVC to Submit Bid for BJ's Wholesale 06/17/2011 2:20:38 PM ET WESTBOROUGH, Mass. (Reuters)猶rivate equity firm Leonard Green & Partners said it has teamed up with CVC Capital Partners to bid for BJ's Wholesale Club Inc.

PCA Gets Hong Kong License for $750 Million Hedge Fund 06/17/2011 2:06:01 PM ET HONG KONG (Reuters)猶CA Investments has won an asset management license from Hong Kong's market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the license on Thursday [June 16], the Securities and Futures Commission (SFC) web site showed on Friday [June 17].

Citigroup's Sale of Consumer Finance Unit Hits Block: Report 06/17/2011 12:55:40 PM ET NEW YORK (Reuters)佑itigroup's attempts to sell its CitiFinancial unit have hit a stumbling block as potential bidders remain uncertain about the unit's funding as a standalone business, the Financial Times reported, citing people familiar with the matter. CitiFinancial, one of the largest U.

Madoff Trustee Readies Amended JPMorgan Lawsuit 06/17/2011 12:43:33 PM ET NEW YORK (Reuters)裕he trustee seeking money for Bernard Madoff's victims plans to amend by June 24 his $6.4 billion lawsuit against JPMorgan Chase & Co.

Jiau Trial: Talk of Secrets and Checks Closes Trading Trial 06/17/2011 12:21:37 PM ET NEW YORK (Reuters)猶rosecutors over-simplified an insider trading case against former technology consultant Winifred Jiau, and a lack of trades by hedge funds on her tips belied accusations she was central to a brazen scheme, Ms. Jiau's lawyer told a jury on Thursday [June 16].'>Headlines for: June 20, 2011

High-Frequency Trade Sparks Commodity Flash Fires 06/17/2011 3:25:05 PM ET NEW YORK (Reuters)邑hen natural gas prices dropped by 8 percent in a matter of seconds in the early hours of Asian trade last week, one New York-based hedge fund manager said he didn't have to think twice. "The moment I heard, I ran, literally ran, to my computer and started buying," he said.

Jiau Trial: U.S. Cites 'Devastating' IM; Jury Deliberates 06/17/2011 2:40:09 PM ET NEW YORK (Reuters)唯efore jurors began deliberating on Friday [June 17] at the insider trading trial of former hedge fund technology consultant Winifred Jiau, a U.S.

RAB Capital to Confirm Delisting: Source 06/17/2011 2:30:12 PM ET LONDON (Reuters)唯eleaguered hedge fund manager RAB Capital is expected to confirm its planned delisting, a source familiar with the matter told Reuters, as the firm battles to survive after an exodus of clients. The company, which has seen assets tumble from about $7 billion at end-2007 to about $1 billion, is expected to continue life as a private company with its flagship Special Situations fund and several other funds, the source added.

Leonard Green, CVC to Submit Bid for BJ's Wholesale 06/17/2011 2:20:38 PM ET WESTBOROUGH, Mass. (Reuters)猶rivate equity firm Leonard Green & Partners said it has teamed up with CVC Capital Partners to bid for BJ's Wholesale Club Inc.

PCA Gets Hong Kong License for $750 Million Hedge Fund 06/17/2011 2:06:01 PM ET HONG KONG (Reuters)猶CA Investments has won an asset management license from Hong Kong's market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the license on Thursday [June 16], the Securities and Futures Commission (SFC) web site showed on Friday [June 17].

Citigroup's Sale of Consumer Finance Unit Hits Block: Report 06/17/2011 12:55:40 PM ET NEW YORK (Reuters)佑itigroup's attempts to sell its CitiFinancial unit have hit a stumbling block as potential bidders remain uncertain about the unit's funding as a standalone business, the Financial Times reported, citing people familiar with the matter. CitiFinancial, one of the largest U.

Madoff Trustee Readies Amended JPMorgan Lawsuit 06/17/2011 12:43:33 PM ET NEW YORK (Reuters)裕he trustee seeking money for Bernard Madoff's victims plans to amend by June 24 his $6.4 billion lawsuit against JPMorgan Chase & Co.

Jiau Trial: Talk of Secrets and Checks Closes Trading Trial 06/17/2011 12:21:37 PM ET NEW YORK (Reuters)猶rosecutors over-simplified an insider trading case against former technology consultant Winifred Jiau, and a lack of trades by hedge funds on her tips belied accusations she was central to a brazen scheme, Ms. Jiau's lawyer told a jury on Thursday [June 16].
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