Times Tribune – Gov. Tom Corbett selected an apt metaphor for the impact of the state’s two big, underfunded public pension plans on the government and taxpayers. He described them as a “tapeworm” within the state budget, voraciously devouring hundreds […]

Daily Mail – A hedge fund boss is facing a legal bill of up to £19million – thought to be one of the largest of its kind – after losing a fierce High Court battle against his estranged wife. Dr […]

Reuters – The activist hedge fund manager Joseph Stilwell sued the U.S. Securities and Exchange Commission to stop it from pursuing an imminent enforcement action against him. He also wants a declaration that the appointment of SEC administrative law judges […]

Bloomberg – On the Internet, people talk about everything, even their illnesses. Now, Wall Street is listening. In the data age, a handful of companies are packaging conversations on Facebook, Twitter and online patient forums to sell to drugmakers, insurers […]

BusinessWeek – The collapse of securities tied to Fannie Mae (FNMA:US) and Freddie Mac punished some of Wall Street’s best known money managers, with star investor Bruce Berkowitz’s main mutual fund losing more than $600 million. The value of the […]

Reuters – Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday. Caxton, founded 31 years […]

Telegraph – Pity those poor, multi-millionaire hedge fund managers – the world’s really got it in for them right now. Earlier this month, two highly influential institutional investors on either side of the Atlantic – Calpers in the US and […]

Reuters – Some hedge funds are holding fire on Tesco in the wake of its accounting scandal and share price slide, with at least one fund cutting its short position as investors assess the potential for a rebound. Although bearish […]

WSJ – Citigroup Inc. C -0.44% is no longer a “bad actor” in the eyes of U.S. securities regulators. The Securities and Exchange Commission quietly granted the bank waivers on restrictions that crimped a range of its activities, including selling […]

Bloomberg – Argentina’s determination to avoid the U.S. Court system and sidestep the holdout hedge fund investors that helped drive the country into default continues to enrage the federal judge overseeing the case. U.S. District Judge Thomas Griesa has declared […]

Reuters – New York-based hedge fund startup Raveneur Investment Group has signed up investment giants Blackstone Group LP and Pacific Alternative Asset Management (PAAMCO) as clients, according to sources familiar with the fund. The fund has received $150 million from […]

Business Insider – The closely followed hedge fund manager John Paulson spoke to a room of MBA grads and students on Tuesday evening about hedge fund compensation, among other topics. Paulson, who shot to fame after making billions betting against […]