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Modi govt all talk no action: Top US investor Jim Rogers

He told that he had waited for nearly a year-and-a-half since the Modi government came to power last May for reforms.

Citigroup pays $180 mn to settle hedge fund fraud case

US securities regulators ordered two Citigroup affiliates Monday to pay $180 million to settle charges that they defrauded investors by falsely claiming a pair of hedge funds were low-risk.

Factorial allowed to access Indian markets again

Hong Kong-based hedge fund Factorial was on Friday allowed to access the Indian capital markets, more than year after it was banned by the regulator Sebi in an alleged insider trading case.

Hedge fund Citadel hires Bernanke as consultant

Former US Federal Reserve chairman Ben Bernanke has been hired as a consultant by the Citadel hedge fund, the company announced Thursday.

Rajaratnam, Gupta seek to void US insider trading penalties

The men are the highest-profile defendants convicted in a US insider trading crackdown, focused mainly on hedge funds, unveiled in 2009.

Sahara eyes hedge fund support to secure Subrata Roy's release: Report

Sahara group is believed to be working on an over USD 1 billion debt refinancing deal with two American hedge funds for raising funds to secure release of its jailed chief Subrata Roy, a media report said Sunday.

US judge orders new talks on Argentina debt dispute

The US judge presiding over Argentina's bitter dispute with hedge-fund creditors ordered the two sides to hold new negotiations and called for an end to "mistrust" at a hearing.

Gupta approaches apex court in last-ditch effort to avoid jail

Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.

SEBI bars hedge fund in L&T Finance insider trading case

Unearthing a major insider trading case in shares of L&T Finance, SEBI Thursday barred a Cayman Islands-based hedge fund from Indian securities markets, while the role of other entities including some employees of investment banking major Credit Suisse are also under scanner.

India hedge fund backed by ex-Goldman exec hits $500 million in assets

Steadview, an India-focused hedge fund seeded by former Goldman Sachs (Asia) chairman Mark Schwartz, has made 12 times the returns of peers with bets on consumer and tech stocks, helping the fund grow its assets to USD 500 million in nearly five years.

Rajat Gupta seeks re-hearing of insider trading conviction

In a unanimous ruling last month, the panel of the appeals court had rejected Gupta's bid for a new trial and upheld his 2012 conviction and sentence.

Rajat Gupta asks court to rethink $13.9 mn penalty

India-born former Goldman Sachs director Rajat Gupta has asked a US court to reconsider its order asking him to pay USD 13.9 million in civil penalties in the insider trading case, arguing it was unnecessary given the heavy criminal punishment imposed on him.

PIO hedge fund manager convicted of insider trading

An Indian-origin hedge fund portfolio manager has been found guilty by a federal jury here on charges that he participated in one of the "most lucrative" insider trading schemes totalling USD 276 million involving information about clinical trials for an Alzheimer's drug.

Investor presses for overhaul of Dow Chemical

Activist hedge fund Third Point today said it built an unspecified stake in Dow Chemical and pressed to overhaul a company that it argued has "woefully underperformed" peers.

Hedge fund SAC fined record $1.8 bn for insider trading

Giant hedge fund SAC Capital has agreed to plead guilty to criminal charges of insider trading and pay USD 1.8 billion to settle them, the US Attorney`s office announced Monday.

Corporates should have consistent policy on hedging: Experts

Corporates should have a consistent policy on hedging to protect their balance sheets from adverse forex impact, according to experts.

Yahoo! buys back shares from hedge fund

Yahoo! said Monday it agreed to buy back 40 million shares from a hedge fund which sought a shakeup of the Internet giant last year.

Wall St hedge fund manager tries to force Apple to give more of its $137bn cash pile

A Wall Street hedge fund manager is suing Apple in a bid to force the teach giant to give more of its 137.1 billion dollars cash pile to investors, a report had said.

Indian-origin hedge fund manager pleads not guilty

An Indian-origin hedge fund portfolio manager has pleaded not guilty to charges that he participated in one of the "most lucrative" insider trading schemes totalling USD 276 million involving information about clinical trials for an Alzheimer's drug.

Rajat Gupta: From lofty board room to lowly jail cell

Gupta was also appointed as special advisor on management reform to then UN Secretary-General Kofi Annan.