(Bloomberg) Royal Bank of Canada seeks to capture as much as 4.5 percent of the $40 billion pool of U.S. investment-banking fees within three years as it expands operations in the world’s largest market for deal-making. Royal Bank currently collects […]

(CNBC) Hedge fund Pershing Square has an unnamed investment position that is up big so far this year, founder Bill Ackman said on an investor call Wednesday.”Our undisclosed position [is] up slightly more than double digits,” he said on the […]

(Reuters) A hedge fund firm run by the former co-CEO of Barclays investment bank Jerry del Missier and focused on the financial services industry has opened to external capital, del Missier told Reuters. Del Missier started Copper Street Capital with […]

(Bloomberg) U.S. prosecutors are investigating one of Wall Street’s darkest markets, focusing on hedge funds suspected of inflating the value of debt securities in their portfolios to juice the fees they collect. Having prosecuted traders who lied to customers about […]

(FINalternatives) Hedge funds continued their hitting streak in April, according to new data from fund administrator SS&C GlobeOp, while the company’s asset flow indicator advanced. To read this article:

(Bloomberg) Silicon Valley may get fewer tourist dollars this year. Mutual funds, hedge funds and private equity shops earned the nickname “tourist investors” after their recent forays into private technology firms helped fuel the sector’s growth. But they have pulled […]

(Reuters) Hedge fund Elliott Management Corp filed a lawsuit against Energy Future Holdings Corp on Thursday, claiming that the bankrupt power company has prevented it from pursuing better options for it as its $18.7 billion deal with NextEra Energy Inc […]

(Reuters) British hedge fund manager Crispin Odey said on Thursday he continued to bet on a global downturn despite an “awful” 2016 in which his main fund shed nearly half its assets. Odey – whose fund Odey Asset Management racked […]

(FINalternatives) Hedge funds posted broad gains in April to notch the industry’s sixth consecutive positive monthly return, according to new data from research provider eVestment. To read this article:

(The Business Insider) A high-profile newly launched hedge fund has hired a 15-year Deutsche Bank veteran.Ben Melkman’s Light Sky Macro, a New York-based macro hedge fund, hired Jérôme Saragoussi as director of trading strategy, according to people familiar with the […]

(Benzinga) Benzinga recently had the chance to talk about making alternative investment strategies available to retail investors with Catalyst Funds’ Jerry Szilagyi. At one point, the CEO explained one of the things the firm (which manages about $5.8 billion in […]

(Bloomberg)Hedge fund manager says the British tax collection agency can’t investigate his 2009 finances because of a mistake in the letter warning him about the probe.Her Majesty’s Revenue & Customs wrote to Michael Mabbutt, then at Thames River Capital, saying […]