Spork appeals penalties, Wasendorf foreboding, banks and brokers under scrutiny, funds in the dark and more
By Chris ClairWhat’s news around the hedge fund industry for Friday, July 13, 2012:
Friday the 13th edition.
Around the web
Discuss: Business is not economics: Why Mitt Romney’s business record may not be relevant to the presidency. (Paul Krugman’s blog)
Otto Spork appeals ‘hefty’ penalties. (Toronto Globe and Mail)
Wasendorf foreboding preceding Peregrine’s fall; P.O. box ploy probed. (Waterloo-Cedar Falls (Iowa) Courier)
NFA: New technology caught $100 million PFGBest fraud. (Reuters)
LIBORious I: Barclays informed New York Fed of problems with LIBOR in 2007. (DealBook)
LIBORious II: In LIBOR scandal, a push for criminal charges. (DealBook)
LIBORious III: Why Britain’s banking culture needs fixing. (Time Magazine)
Lansdowne Partners sees bank stocks withstanding LIBOR scandal. (Bloomberg)
Investigations galore: It’s not just LIBOR; banks and brokers are under scrutiny from all quarters. (The Economist)
Fund managers in the dark over new OTC derivatives rules. (WSJ.com)
E.U. warned over new fund rules threat. (Financial Times)
Boaz Weinstein buys Manhattan co-op apartment for $25.5 million. (Bloomberg)
At JPMorgan, Whale & Co. go. (WSJ.com)
George Soros’ son Jonathan starts Super PAC to fight for campaign financing reform. (Daily Kos)
SNB steps up efforts to counter franc demand. (WSJ.com)
Back Bay office rents soaring . (Boston Business Journal)
Sustainable investments yield better returns, study shows. (IPE.com)
Who is Bill Ackman? (Cincinnati Business Journal)
Judge OKs Tribune bankruptcy exit plan. (Crain’s Chicago Business)
People moves
Hartmann Capital boosts team with Alex Ford hire from Barclays. (Citywire)
