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Phoenix Research and Trading Corp. was a Canadian hedge fund firm, based in Toronto, Ontario, that experienced catastrophic trading losses.The firm's fixed income trader, Stephen Duthie, accumulated losses in unhedged U.S. Treasuries that resulted in Phoenix losing approximately 75% of its assets in a month as the positions were unwound.
A Canadian trader turned $65,000 into $306 million by betting on Tesla during the pandemic. However, a lawsuit shows the trader lost it all in the 2022 bear market.
A self-proclaimed Canadian "Crypto King" and an associate who received more than C$40 million ($29.4 million) from investors have been arrested and charged with fraud, police said on Wednesday.
Amaranth Advisors LLC was an American multi-strategy hedge fund founded by Nicholas M. Maounis and headquartered in Greenwich, Connecticut. [1] At its peak, the firm had $9.2 billion in assets under management before collapsing in September 2006, after losing in excess of $6 billion on natural gas futures. [1]
It has exposed accounting problems and fraud at several companies, primarily in China but also in other countries in Asia, Europe and North America. [ 2 ] It is best known for spotting fraud at Sino-Forest Corp , a Canadian-listed Chinese company whose stock fell 74% before it eventually filed for bankruptcy protection in March 2012.
Just when the Chinese solar industry is starting to gain some traction the scandals that crushed investor confidence in Chinese stocks are back again. An SEC charge of securities violations ...
One trader's messages from Barclays Bank indicated that for each basis point (0.01%) that Libor was moved, those involved could net, "about a couple of million dollars." [51] The Canadian Competition Bureau was reported on 15 July 2012 to also be carrying out an investigation into price fixing by five banks of the yen denominated Libor rates ...
Bertram Earl Jones (born June 24, 1942) is a Canadian unlicensed investment adviser who pleaded guilty to running a Ponzi scheme that CBC News has reported cost his victims "a conservative estimate of about $51.3 million taken between 1982 and 2009". [1] After pleading guilty to two charges of fraud in 2010, he was sentenced to 11 years in ...