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Top related persons:
Charles Platiau - 1 Gregoire Tournant's - 1 Laura Taylor Swain - 1 Tournant - 1 Swain - 1 Allianz's - 1 Sullivan - 1 Cromwell - 1
Top related locs:
Puteaux La Paris France U.S Manhattan Southern District Southern District of New York
Top related orgs:
Allianz - 1 La Defense - 1 REUTERS - 1 Alpha Funds - 1 Prosecutors - 1 U.S . Securities - 1 Exchange Commission - 1 Court - 1

Search resuls for: "Alpha Funds"


2 mentions found


☆ Allianz ex-manager must face US fraud charges related to $7 bln investor loss
  + stars: | 2023-08-04 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge. Tournant said dismissing the indictment was justified because prosecutors' "intrusion" into his attorney-client relationship had been "manifestly and avowedly corrupt." Two other former portfolio managers have pleaded guilty in the case and agreed to cooperate with prosecutors. The case is U.S. v. Tournant, U.S. District Court, Southern District of New York, No. Reporting by Jonathan Stempel in New York; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Platiau, Gregoire Tournant's, Laura Taylor Swain, Tournant, Swain, Allianz's, Sullivan, Cromwell, Jonathan Stempel, Marguerita Choy Organizations: Allianz, La Defense, REUTERS, Alpha Funds, Prosecutors, U.S . Securities, Exchange Commission, Court, Southern District of, Thomson Locations: Puteaux, La, Paris, France, U.S, Manhattan, Southern District, Southern District of New York, New York
☆ Exclusive: Bridgewater raises new fund strategy less dependent on equities
  + stars: | 2023-03-05 | by ( Carolina Mandl | ) www.reuters.com   time to read: +3 min
Connecticut-based Bridgewater, which manages $145 billion, launched the "Defensive Alpha" strategy in July last year, regulatory filings showed. The new strategy is an addition to other offerings from the 48-year-old hedge fund, best known for its All Weather and Pure Alpha funds. In that market last year, Bridgewater's flagship fund, Pure Alpha gained roughly 9.5% and outperformed global equities indexes. Pure Alpha actively bets on the direction of various types of securities — including stocks, bonds, commodities and currencies — by predicting macroeconomic trends. On Wednesday, Chief Executive Nir Bar Dea announced a major overhaul at the hedge fund, including restricting investments in Pure Alpha and plans to launch new products.
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