Lady Braga: Meet the Most Powerful Female Hedge Fund Manager in the World

Leda Braga stood on a stage at Geneva’s InterContinental hotel in February and sang Pharrell Williams’s Happy. “Can’t nothing bring me down, my level’s too high,” she shouted to about 80 employees of Systematica Investments, her new hedge fund firm, her voice hoarse after a day of meetings. “Nobody wanted to sing in the beginning,” says Braga,…

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Hedge Funds Crap At Commodity Trading As Well…..

Why is everyone surprised? When even Cargill Inc., the world’s largest grain trader, decides to liquidate its own hedge fund, that’s a sign that commodity speculators are in trouble. Hedge funds focused on raw materials lost money on average in the first half, the Newedge Commodity Trading Index shows. Diminishing investor demand spurred Cargill’s Black…

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Can a Stock-Trader-Turned-Convict Start a New Life?

One day in the middle of 2008, Sakhawat Khan, a Silicon Valley chip engineer, walked into a small house near the back of his two-acre property that his wife, Roomy, a stock trader, used as a home office. Roomy and Sakhawat met when they were electrical-engineering students at Columbia University. After graduating, Sakhawat started inventing,…

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Fake Hedge Fund Manager Fakes Death Using Fake Assistant

He never made real investments with funds, instead using the money for personal use, authorities said. To keep his companies going, he issued false earnings statements. “By pretending to be a successful hedge-fund manager, Malik conned investors into bankrolling his lavish lifestyle,” Andrew M. Calamari, director of the SEC’s New York Regional Office, said at…

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