Three former Macquarie Group Ltd. quantitative strategists have started a hedge fund with the backing of Ascalon Capital Managers Ltd. to invest in global equities using computer-trading models.
Citadel terminates planned E*Trade share sale (Headlines)
Citadel Investment Group LLC reversed course yesterday, cancelling plans to cut its stake in online brokerage E*Trade Financial Corp. by about 10 per cent.
Sweden sees progress on EU hedge fund rules (Headlines)
Sweden, which currently holds the European Union presidency, said that progress was being made on the contentious issue of European hedge fund regulation and that they are optimistic a deal might be reached in the coming months.
James Davis, the chief financial officer at the Stanford Financial Group, on Thursday pleaded guilty to charges that he helped Sir Allen Stanford, the companyâ??s founder, in an alleged $7bn Ponzi scheme.