Is Greg Smith believable, Citi’s hedge fund carve-out, trading MF Global’s bankruptcy, curbing HFT and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, Oct. 22, 2012:
Around the web
Level Global: An insider trading case that puts two defendants at odds. (DealBook)
Is Greg Smith believable? (DealBook)
Ex-Citigroup, Barclays bond trading heads setting up credit fund – CKC Capital LLC. (Bloomberg Businessweek)
Citigroup agreed to carve out hedge funds before Pandit’s exit. (Bloomberg)
Wall Street buzz: Vikram Pandit to return to the hedge fund business. (New York Post)
Argentina evacuates ship, blasts Elliott Management. (FINalternatives)
SEC: More than 4,000 registered. (FINalternatives)
Gottex Brokers opens U.S. office. (FINalternatives)
AIMA wants E.U. ‘passport’ for depositaries. (FINalternatives)
Centaurus alum’s Copperwood Energy Fund raises $513 million. (Houston Business Journal)
Ackman among those betting on Hong Kong currency appreciation. (Bloomberg)
MF Global ‘most traded bankruptcy claim. (Financial Times)
Have superstar traders lost their magic? (The Guardian)
Swaps rule sends Wall Street into clearing limbo. (Bloomberg)
Critics say SEC capital rule enshrines failed model. (MarketWatch)
Vince Cable to curb high-speed ‘black box’ trading. (The Telegraph)
Wells Fargo responds to rise of credit funds. (Asian Investor)
You can take the boy out of Goldman Sachs, but…. Who are the Muppets now? Greg Smith’s expose falls short of hype. (Reuters)
ICE ends 142-year tradition of open outcry trading. (Reuters)
Democratic donors, including James Simons, energize ‘Super PACs’ as election nears. (Reuters)

