Reuters – A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer. Kang Gao, a Chinese national, pleaded guilty to one count of unlawful […]

Forbes – Paulson & Co. is supportive of Valeant Pharmaceuticals $158 a share takeover of Salix Pharmaceuticals, after the merger focused hedge fund added to its bets on the consolidation of the pharmaceutical sector in the fourth quarter by taking […]

Reuters – Hedge fund Greylock Capital Management has hired Jonathan Prin as its new managing director and head of research. Prin, who was previously a portfolio manager in JP Morgan Asset Management’s fixed-income group, replaces Juan Pedro “JP” Moreno, who […]

Forbes – Many hedge fund managers received some gloomy news at the end of 2014. Apparently, the party was over. “Reputable sources” revealed that some unhealthy combination of pension fund withdrawals, lackluster performance, regulatory burdens or the advance of liquid […]

HedgeWeek – The financial and industrials sectors saw the largest amount of hedge fund buying activity in Q4 2014, with Industrials always being a net buy throughout the calendar year. That’s according to S&P Capital IQ’s latest Quarterly Hedge Fund […]

Bloomberg – Allen Chu, a former partner of Paul Tudor Jones’s Tudor Investment Corp., plans to start his own hedge fund in Singapore in April, betting on rising and falling stocks in Asia. Aventia Master Fund, of which Chu is […]

PE Hub – Citigroup’s decision to exit its hedge fund administration unit is drawing interest from private equity. Citi is advising on the sale of the hedge fund admin unit, several sources said. Interested bidders could include PE firms such […]

HS – Greece is once again a bet reserved for the bravest of investors. After two years of relative calm, the election of the anti-austerity Syriza party in late January caused renewed volatility in local stock and bond markets. New […]

Reuters – Hedge fund BlueMountain Capital Management LLC sent a second default notice to an affiliate of mortgage servicer Ocwen Financial Corp over certain notes it holds. HLSS Servicer Advance Receivables Trust, a key funding source for Ocwen and a […]

Bloomberg – The slump in the euro is reshaping the landscape for exchange-traded funds that buy stocks in the region, catapulting one with built-in currency hedges to the verge of becoming Europe’s biggest equity ETF. The WisdomTree Europe Hedged Equity […]

CNBC – Investor requests to withdraw money from hedge funds rose this month compared with February 2014, data from SS&C portfolios showed on Friday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed as a percentage of assets […]