Elizabeth Warren's Intellectual Purge
And what is former Federal Reserve Chairman Ben Bernanke doing at Brookings while he's also a senior adviser to Citadel, the giant hedge fund? Are his monetary musings corrupt too? Studying regulation used to be a bipartisan exercise. Thanks to ...
Read more on Wall Street Journal

TeliaSonera AB – Muddy Waters Open Letter To The Board
It appears that TeliaSonera made corrupt payments in Uzbekistan exceeding SEK 3.1 billion (US$ 380 million).2,3 Uzbekistan appears to be only the tip of the iceberg. We estimate – perhaps conservatively – that TeliaSonera could have made corrupt ...
Read more on ValueWalk

Corruption Currents: Activists Find Accidental Hedge-Fund Ally
A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk ...
Read more on Wall Street Journal (blog)

One Company Is Making a Killing on Brazil's Sinking Real
JBS is best known to the outside world as the company that gobbled up Pilgrim's Pride as part of a $ 20 billion acquisition spree, but inside Brazil's financial circles, those currency bets have earned it another nickname: The hedge fund that sells meat ...
Read more on Bloomberg

Financial Firms Can't Ignore the Foreign Corrupt Practices Act
The order shows that once the hires were made, BNY Mellon kept the sovereign fund's business and won more. The FCPA has been around since 1977; historically, the SEC has used it to pursue individuals and corporations for run-of-the-mill bribery like ...
Read more on Institutional Investor

Greater New York Watch
A state judge has dismissed a racial-discrimination lawsuit filed by hedge-fund manager Alphonse Fletcher Jr. against the Dakota co-op on Central Park West. Mr. Fletcher is the husband of Ellen Pao, who earlier this year lost a three-year sex ...
Read more on Wall Street Journal

On VW, Piech, China, glum markets and Yogi
The Volkswagen thing has rattled confidence in both equity and credit markets – I received a one-liner this morning from a credit hedge fund which very simply read: “Is VW going bust?” to which I equally simply replied: “Nope. 80bn net debt; 20bn can ...
Read more on IFR Asia

Euro bond investors' complacency around Brazil shaken
Hedge funds look for short opportunities. * Petrobras exposure in the spotlight. By Robert Smith. LONDON, Sept 17 (IFR) - Brazil's deteriorating economy is not an obvious threat to European corporate debt investors, but the crash in Abengoa's bonds has ...
Read more on Reuters

The Morning Risk Report: Impact of New Money Laundering Rules Is Uncertain
New rules applying anti-money laundering requirements to investment advisers will impose additional compliance costs on hedge funds and other money managers, but the level of cost is uncertain because the reach and rigor of the new rules isn't yet clear.
Read more on Wall Street Journal (blog)

Donald Trump: Hedge fund workers aren't paying enough in taxes
These hedge fund guys, they move around papers, many of 'em. You know, if the market goes up they're geniuses, [if] the market goes down … they go into a different business, frankly. They're wiped out. They go into a different business,” Mr. Trump ...
Read more on Washington Times

The Poison in Further Devaluation
In a Business Day report of 22/7/15, titled "CBN may fail Hedge fund speculators' betting on Naira devaluation", Sewa Wusa, Head of Research and Development of Sterling Capital observed that "the onus lies on the CBN to devalue the Naira before it is ...
Read more on AllAfrica.com

US Hedge Funds Get Bailed Out If Greeks Pass Bailout Referendum
Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former ...
Read more on The Real News Network

CalPERS Crowdfunded 0 Billion Pension Investigation
In September, 2014, the CalPERS announced it would shed its entire $ 4 billion investment in hedge funds as part of an effort to simplify its assets and reduce costs. While CalPERS stated that the decision wasn't based on the performance of the program ...
Read more on Forbes

Richard Zabel, Bharara's Deputy, Moves to Elliott Management
Mr. Zabel, the deputy United States attorney in Manhattan under Mr. Bharara, is stepping down to become general counsel at Elliott Management, one of Wall Street's biggest hedge funds. The departure, announced by Mr. Bharara in an internal email on ...
Read more on New York Times

Thoughts from the Frontline - A Week of Unseen Things
Xi is very astutely framing the whole reform process as a crackdown on corruption. I suppose that's what it is, in a way, but now that he has .... Puerto Rico is about the same size as Connecticut but with more palm trees, twice the unemployment rate ...
Read more on Gold Seek