The German Government Has Had Enough
Thursday 9th of September 2010 09:31:18 AM
Posted by admin / Under Hedge Fund
| It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009. That is: No more naked credit crap, especially against sovereigns but not only against sovereigns. No insurable interest, no CDS - period. Naked shorting will now be actually stopped in 10 leading financial institutions. Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver. |
At Center Of Insider Case: 'The Octopussy'
Thursday 9th of September 2010 09:31:18 AM
Posted by admin / Under Hedge Fund
| Charges against 14 snared in insider-trading probe make for unusually entertaining reading. The insider-trading case outlined by federal prosecutors in New York Thursday has all the elements of a classic television crime drama: wiretaps, clandestine cash handoffs and people with nicknames like "the Greek" and "octopussy." Authorities say a trader known as "the octopussy" is at the center of the ring, which included other traders, a Moody's Investors Service analyst, and hedge fund managers, and two lawyers, one of whom was a young associate who allegedly passed along tips about private-equity deals being done by his big law firm's clients.... |
14 more charged in insider trading
Thursday 9th of September 2010 09:31:18 AM
Posted by admin / Under Hedge Fund
| NEW YORK (AP) | Two lawyers and Wall Street professionals were among 14 people charged Thursday in a widening $53 million insider trading case that has snared one of America's richest men and accused white-collar suspects of using the cover-up tactics of drug dealers. The actions raise to 20 the number of people who have been charged in the case first disclosed last month with the arrests of Galleon Group founder and hedge-fund operator Raj Rajaratnam and five others. .. Mr. Bharara said the defendants borrowed a "page from the drug dealer's playbook" by using anonymous hard-to-trace prepaid cell phones... |
Gold a hedge and no more - yet
Thursday 9th of September 2010 09:31:18 AM
Posted by admin / Under Hedge Fund
| Even a rather wobbly reserve currency is a better asset than gold, whose price again crossed the US$1,000 mark last week.Gold is far less liquid than US Treasury securities,costly to store and insure,and above all far more volatile in price. Gold's price volatility since January 2000(the standard deviation of the daily price divided by the average) is 45%, almost triple that of the US dollar-euro exchange rate. In a functioning world financial system,in which investors trust governments to control extreme instability, even an indifferently managed reserve currency with a broad capital market behind it is better than gold. Strictly speaking,... |
Califorina hedge fund manager arrested
Thursday 9th of September 2010 09:31:18 AM
Posted by admin / Under Hedge Fund
| LOS ANGELES – A Beverly Hills hedge fund manager was arrested Friday on a charge he bilked investors out of $44.3 million, including $5 million he lost playing poker, the U.S. attorney's office said. Bradley L. Ruderman, 46, surrendered to FBI agents after being named in a wire fraud complaint. He was later released on $500,000 bond. The government alleges he spent at least $8.7 million of investor money on personal expenses including a summer rental of a Malibu beach home and two Porsches. He admitted in an FBI interview that he lost $5.2 million of investor money in poker... |
Gold: The investment you hope won't pay off
Thursday 9th of September 2010 09:31:18 AM
Posted by admin / Under Hedge Fund
| SINGAPORE: Gold is rapidly becoming the only welcoming port in a sea of uncertainty as worries rise over other traditional safe havens, including Why invest in Gold now? And with few signs that the world's worst economic crisis since the 1930s is close to bottoming out, wrung-out investors will keep on pumping money into gold-backed securities as insurance against financial Armageddon. "Gold is an investment you hope you never make money on. If you do, it means other markets have lost," said Stephen White, director at Sydney-based treasury advisory firm Noah's Rule. Gold's gains are being powered by two forces... |
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