Bharara streak on the line, Sandy doesn’t spare the wealthy, hedge funds down in October, regulatory pessimism and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, Nov. 5, 2012:
Around the web
City trader Nicholas Levene gets 13-year sentence for £32 million Ponzi scheme. (The Guardian)
Bharara puts insider trial streak on the line. (New York Post)
Hurricane Sandy destroys hedge fund trader Nick Gentile’s Staten Island house, one year after he suffered from MF Global collapse. (New York Post)
Wells Fargo seeks fund of hedge funds. (Financial News, via FINalternatives)
Hedge funds fall in October. (FINalternatives)
Hedge funds cut commodities bets. (FINalternatives)
Dutch pension system PMT to cut hedge fund allocations. (FINalternatives)
Banks struggle to adapt or survive in commodities. (Reuters)
Jim Chanos is still shorting China. (ArabianMoney.net)
Abu Dhabi no longer has the world’s richest sovereign wealth fund, says SWFI. (ArabianMoney.net)
Sandy leaves Connecticut’s Gold Coast shaken. (Associated Press, via Wilkes-Barre (Pa.) Times-Leader)
Wall Street bonuses expected to edge up. (DealBook)
Small hedge funds hit by closures. (Financial Times)
Creditors weigh up Argentina debt ruling. (Financial Times)
Lee Ainslie says Robin Hood Foundation gets $8.5 million since Nov. 2. (Bloomberg)
Perceived benefits of hedge fund regulation deteriorates among investors: E&Y global hedge fund survey. (Ernst & Young)
