Wed, May 8 2013
LONDON - Britain's top fraud prosecutor is likely to face serious criticism over its handling of an investigation into the $600 million collapse of one of London's oldest hedge funds, a judge said on Tuesday.
Wed, Mar 20 2013
LONDON - The flagship hedge fund of Fortress Investment Group is betting on a further slide in the Japanese yen, predicting the new central bank governor in Tokyo will step-up the pace of monetary policy easing.
Tue, Mar 19 2013
LONDON - Sterling is set to resume its fall against the dollar, options market prices indicate, with a possible change in the Bank of England's policy remit in this week's budget likely to hasten a drop to four-year lows.
Fri, Feb 8 2013
LONDON - Hedge funds are actively trading in Argentina's choppy markets ahead of its legal showdown with rebel sovereign bondholders later this month.
Tue, Jan 8 2013
NEW YORK - James "Jes" Staley, chairman of the investment banking unit of JPMorgan Chase, is leaving the company to join hedge fund BlueMountain Capital Management, the fund said on Tuesday.
Fri, Nov 16 2012
LONDON - Hedge fund manager Man Group has sold claims to the estate of defunct U.S. investment bank Lehman Brothers in a $456 million deal that will boost its cash position and see it book a tidy gain.
Fri, Nov 2 2012
LONDON - Generating strong returns is getting so tough for hedge fund managers, supposedly the high-earning masters of any market, that some are shutting up shop and more look poised to follow.
Fri, Sep 21 2012
LONDON - Investors in hedge funds are becoming increasingly willing to lock up their money for longer and invest in less liquid strategies, in a sign some are choosing the chance to earn bigger returns over easy access to their cash.
Thu, Jul 12 2012
LONDON - Leading fund management firms have warned the European Commission's head of financial regulation that new rules aimed at tightening practice at hedge funds could damage the rest of the industry's ability to operate effectively.
Fri, Jun 15 2012
HONG KONG - Two former managing directors of Och-Ziff Capital Management , Manoj Jain and Sohit Khurana, are starting their own hedge fund in Hong Kong by the end of the year, sources said, boosting a strong pipeline of start-ups in the region for 2012.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.