(Nj.com) A Parsippany-based hedge fund and two of its principals received about $40 million in damages over a defamatory report in 2002 about the men and the company…An eight-person civil jury in Morris County awarded NuWave Investment Corp. and its […]

(The Business Insider) A new, high-profile hedge fund has made some big hires. Ben Melkman, a former partner at Brevan Howard, is launching a new fund called Light Sky Macro in New York. The fund is targeting $400 million and […]

(New York Post) Rogue trader Jerome Kerviel has stuck it to his old bosses — big time. A French appeals court cut the damage award Kerviel was ordered to pay Société Générale to $1.1 million from $5.5 billion. That’s right […]

(Bloomberg) Tudor Investment Corp., the $11 billion hedge fund founded by billionaire Paul Tudor Jones, has closed its Singapore trading desk as part of a global shakeup, according to people familiar with the matter. The firm still has staff in […]

(Fin Alternatives) Hedge fund investors allocated $6.3 billion in new assets to the industry during August, bringing overall industry assets back over the $3 trillion mark, according to new research from eVestment. To read this article:

(Bloomberg) Some of the biggest and best-known hedge funds can’t hang on to client capital. Richard Perry, who started his hedge fund 28 years ago, has seen assets in his Perry Capital shrink to $4 billion, from $10 billion last […]

(Bloomberg) A former portfolio manager can force Highland Capital Management LP into arbitration over his claim that he was fired after questioning what he described as the firm’s illegal self-dealing with outside investors. Highland alleges Joshua Terry was the one […]

(Bloomberg) Hedge fund fees need to fall further according to an investor survey by Preqin Ltd., as the industry struggles to justify its 2-and-20 fee structure amid lackluster returns. Seventy-three percent of institutional investors said management fees need to decline […]

(City A.M) ROE for the top global investment banks is falling. Over the past few years the industry has been facing challenges on many fronts: continued and increasing structural costs, fast-changing regulatory reform, conduct issues and capital requirements, to name […]

(Fortune) Dianne McKeever doesn’t like to talk about the fact that she’s a woman. But her gender has made her a groundbreaker on Wall Street: The moment she launched Ides Capital last year, the 38-year-old became the only woman running […]

(Bloomberg) Hedge fund fees need to fall further according to an investor survey by Preqin Ltd., as the industry struggles to justify its 2-and-20 fee structure amid lackluster returns. Seventy-three percent of institutional investors said management fees need to decline […]

(Reuters) Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan’s monetary policy move, but added corporate reform is still needed to […]