| Ritchie Multi-Strategy Global Trading hedge fund, founder and ...
A Lisle-based hedge fund, its founder and chief executive, and its investment adviser will pay about $40 million to settle charges they were engaged in illegal late trading in mutual funds, the Securities and Exchange Commission said Tuesday.
Charged by the regulator were Ritchie Multi-Strategy Global Trading Ltd. and its Chicago-based adviser, Ritchie Capital Management LLC.
Also charged were Ritchie Capital founder and CEO A.R. Thane Ritchie, mutual-fund trading supervisor Warren DeMaio and Michael Mauriello.
.
Death by Car Bomb in Damascus
Wow. A tough and iron-fisted Generalissimo of the totalitarian Left left the world stage yesterday . . . but enough about Hillary Clinton. Sorry, couldn't resist an obvious Castro/HRC joke. Back in Wisconsin, though, Hillary's problem is as serious as Fidel's. This Wisconsin loss means that Obama's surging momentum will grow even more powerful. New polls showing Obama closing in Hillary's Texas redoubt provide more evidence. The race tilted decisively toward Obama after his wins last week in Maryland, DC, and Virginia. With this Wisconsin iceberg now slamming into the Clinton campaign, I'm reminded of the scene in Cameron's Titanic where the ship's designer rushes to the bridge, unrolls the construction plans, and informs the Captain that despite the small shudder of the impact and the normal feeling on the bridge, the great ship is doomed.
In close race, U.S. Democrats brace for the long haul
For those voters who consider Obama as a glamorous IPO with the high-flying potential like another Google, they jump onto the bandwagon in fear that they might miss the chance to get rich quick. Who knows what eventually could turn out, just like so many fancy stocks during the dotcom craze days eventually turned into dogs and lemons in the aftermath of the dotcom meltdown. Obama might just become another Crispy Cream, which had so much anticipation and later so mcuh disappointment. .
Stocks Slip Ahead Of U.S. Data, Sterling Up
Caution ahead of key U.S. retail sales data on Wednesday prompted investors to pare some gains in stocks while tough talk on inflation by the Bank of England helped boost sterling. Though rising off early lows, stocks were still in the red with investors taking risky bets off the table in case the U.S. report, due at 1330 GMT, showed more weakness in the world's biggest economy than already anticipated. A weakening consumer sector, which accounts for more than two thirds of the U.S. economy, has fuelled concerns that a recession is increasingly likely. Also worrying was fresh data showing much weaker than expected euro zone industrial output in December -- another sign of a global slowdown. "Euro zone growth is in trouble and the ECB had better get its skates on for easing soon," said David Brown, chief European economist at Bear Sterns International.
MARHedge World Wealth Summit 2006
Angelo, Gordon Advisors LLC is an SEC-registered investment advisor that offers absolute-return-oriented investment partnerships for equities, municipal bonds and hedge funds. It is part of Angelo, Gordon & Co LP, an alternative investment firm founded in 1988 that manages $10 billion in assets. Prior to Angelo, Gordon Advisors, Wasso-Jonikas most recently served more than five years as a Managing Director and Head of Alternative Investments for all private clients at Morgan Stanley. From 1993 to 1999, she was President and Chief Operating Officer of Graystone Partners, a consulting firm specializing in alternative investments she co-founded and that was acquired by Morgan Stanley in 1999. She also worked at both Bessemer Trust and the Northern Trust, covering some of their largest private clients and family offices throughout the US and abroad.
Dollar firmer after US rate cut
THE dollar has opened more than eight-tenths of a US cent firmer today as high-yielding currencies gained a boost from an emergency interest rate cut in the United States. The US Federal Reserve slashed rates by three-quarters of a percentage point after global share markets suffered record one-day falls. At 7am AEDT, the dollar was trading at $US0.8679/83, up sharply from yesterday's close of $US0.8594/96. Overnight, the domestic currency traded between a low of $US0.8510 and a high of 0.8721. The cut in the US federal funds rate to 3.5 per cent was the biggest single easing since October 1984. A Toronto-based manager with OzForex, John Corcoran, said the US Federal Reserve's "pre-emptive" move had boosted risk appetite, which in turn helped high interest rate currencies like the dollar.
Chicago hedge funds outperform global peers in 4th quarter, but barely
Chicago hedge funds narrowly outperformed their global peers in the fourth quarter, according to data from Morningstar Inc.
The 24 funds that shared their results with the Chicago-based investment research provider had average fourth-quarter returns of 2.69 percent. That's compared with 1.98 percent for the whole survey of 1,535 hedge funds that reported data to Morningstar.
The best local performer was Evanston-based Scully Capital Management's Chinook Fund LLC, a multistrategy hedge fund with a quarterly return of 22.33 percent.
.
Trading with Autochartist
Join Raghee Horner as she walks you through how to trade the markets using classic chart patterns and price analysis using Autochartist.Raghee will scan forex pairs, cross rates as well as some indexes and stocks each day to show you how these re-curring patterns can allow you to effective position yourself in the markets.Learn how to manage emerging and completed patterns across multiple time frames as well as understand how to trade reversal and continuation patterns.Whether you are an intraday or end of day trader, you can find and confirm you pattern sets with Autochartist. Who is Raghee Horner? Raghee is an experienced trader with over fifteen years in the markets. She is the co-Founder and Lead Trader of EZ2 Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world.
David Blott from Moncton, NB, Canada writes:
If that is the case then why won't Harper state that he believes Canada should stay in it current role beyond 2009 instead of hiding behind both the Manley Commission and a spring vote that he knows has little likelihood of happening as the odds are Canadians will be in an election campaign?
Leadership would require that Harper makes his ambitions known now, not at some point in the future. Posted 27/12/07 at 1:05 AM EST | Alert an Editor | Link to Comment .
|
