Bloomberg – New York Life Insurance Co. agreed to buy asset manager IndexIQ, pushing into exchange-traded funds and adding offerings for retail investors who want to copy hedge-fund approaches. The transaction “puts us into the forefront of two very important […]

Reuters – Most hedge fund investors polled by Goldman Sachs plan to pull some cash from their current managers in the coming months, with the majority citing poor performance as the reason, according to results of a survey seen by […]

Reuters – Credit Suisse Group AG plans to open a new hedge fund in Brazil called Gauss next year, a move aimed at offering new investment alternatives for clients, a senior executive said on Wednesday. Gauss will be overseen by […]

WSJ – A large California pension fund again delayed a vote on whether to invest in hedge funds as its directors weigh a smaller set of commitments than previously disclosed. On Wednesday, the overseers of San Francisco Employees’ Retirement System considered […]

MarketWatch – There’s just four years left in the 10-year bet between billionaire Warren Buffett and a New York hedge fund firm, and it seems clear that Buffett will win handily. More investment magic from one of the world’s richest […]

FN – Consultants say investors should step up the pressure on hedge funds by questioning the industry’s standard fee structure to get a better understanding of whether they are receiving value for money. Phil Irvine, director of consulting firm Pirho, […]

Reuters – Billionaire hedge fund manager Chris Hohn’s firm nearly doubled its charitable donations in the year to end-February 2014, filings with Britain’s Companies House show, following the best return in his $8 billion-plus fund since 2005. However, Hohn, who […]

WSJ – The chairman of San Francisco’s pension fund is proposing a smaller mix of hedge funds than previously discussed, the latest retirement system to rethink its approach to those investments in the wake of a retreat by the largest […]

CNBC – The pace of hedge fund failures is picking up after another year of relatively weak returns. Some 461 funds shut in the first half of the year, according to industry research firm HFR. If that pace continues, nearly […]

NYP – Highland Capital claims Credit Suisse knew a luxury Las Vegas real-estate development was a total mirage — and has the e-mails to prove it. The hedge fund giant, which is suing the Swiss bank in Dallas federal court […]

Bloomberg – Fortress Investment Group LLC (FIG), the first publicly traded hedge fund and private equity manager in the U.S., is forming a global equity group that can bet on rising and falling stocks, two people with knowledge of the […]

Reuters – Energy hedge fund AAA Capital Management Advisors will shut its doors and return investor money at the end of the year as traders continue suffering lackluster returns amid a structural change in energy markets. A. Anthony Annunziato, the […]