Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Fake Hedge Fund Manager Sentenced, Caxton Betting On Commodities

Fake Hedge-Fund Operators Sentenced to 87 Months in Prison for Fraud (Bloomberg)
Two men who in December admitted to defrauding investors of more than $7 million though bogus hedge funds were each sentenced to 87 months in prison, Manhattan U.S. Attorney Preet Bharara said.
Igor Levin, 41, of Brooklyn, New York, and Yevgeny Shvartsshteyn, 40, of Belle Harbor, New York, each pleaded guilty last year to one count of conspiracy to commit mail and wire fraud. The two said they operated A.R. Capital, a general partner of A.R. Capital Global Fund LP, which they told investors was a hedge fund that invested primarily in equity of international real estate companies, and in oil, gas and other commodities, according to a statement from Bharara’s office.

Caxton’s Law Leads Macro Funds Riding Rebound as Markets Brush Off Shocks (Bloomberg)
At Caxton Associates LLC, an $11 billion hedge fund, Chief Investment Officer Andrew Law is betting on rising prices for commodities including oil. Fulcrum Asset Management LLP’s Gavyn Davies likes Japanese stocks.
Managers of macro hedge funds such as Law and Davies wager on broad economic trends, and they say 2011 is shaping up to be a promising year as big themes take hold, notably a pickup in global growth and rising interest rates outside of the U.S. Market volatility that stymied macro funds over the past two years is subsiding, as are concerns caused by Japan’s 9.0 magnitude earthquake and unrest in the Middle East.

Spain’s Banco Asks for State Funds (WSJ)
Spanish savings bank Banco Base said Monday that it will ask for €1.45 billion ($2.04 billion) in state funds to meet new local capital requirements, a sign that some troubled cajas are struggling to attract much-needed private capital. Banco Base, Spain’s third-largest savings bank by assets, abandoned the idea of holding an initial public offering and will ask Spain’s Fund for Orderly Bank Restructuring, or FROB, for the funds. FROB, in turn, will take a stake in Banco Base, the size of which is yet to be determined.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!