Reuters – More than 60 alternative fund managers hold more than $16 billion of Puerto Rico debt as hedge funds and distressed debt investors dislodge traditional mutual funds in the island’s debt market, according to a report by Fitch Ratings […]

Chicago Tribune – A former researcher with Chicago-based Citadel LLC pleaded guilty today to helping a colleague try to hide personal computers that had been used to steal trade secrets from the giant hedge fund’s high-speed automated trading system. Sahil […]

Bloomberg – Louis Bacon has had enough of looking only to Bahamian courts for satisfaction in a star-studded not-in-my-backyard battle with a Canadian clothing magnate. Now he’s come to New York. The hedge fund founder asked a Manhattan court to […]

Business Report – Fifteen months before African Bank Investments Ltd’s rescue this week, David Stemerman told his fellow US hedge fund managers to bet against the South African lender. Stemerman, founder of $3 billion (R32 billion) Conatus Capital Management LP, […]

FN – Nick Munns and Matthew Jones have moved from Omni Partners to join Tudor’s macro team, according to a person with knowledge of the hires. Munns was previously co-manager of the Omni Macro Fund, alongside Stephen Rosen, the chief […]

Harretz – The trustee seeking money for Bernard Madoff’s victims suffered his second loss in less than a week to Wall Street hedge fund manager J. Ezra Merkin, as a Manhattan bankruptcy judge dismissed most claims in a roughly $565 […]

(Reuters) – Two former hedge fund managers who boasted Ivy League credentials and invested some of their clients’ money with swindlers Bernard Madoff and Thomas Petters, agreed to plead guilty to criminal charges that they lied about their investment record, […]

Finalternatives – One of Brevan Howard Asset Management’s co-founders is suing his old firm, seeking the right to launch a hedge fund of his own before 2017. Christopher Rokos wants his five-year non-compete clause junked, saying that a bar on […]

Bizjournal.com – The nation’s largest public pension fund is considering dramatically reducing or even dropping investments in commodities, hedge funds, and some $55 billion worth of individual company stocks, according to the Wall Street Journal. Such reductions could mean a subsequent […]

WSJ – A former top executive at Ziff Brothers Investments launched a new hedge fund with $1.5 billion, marking one of the biggest startups for the industry in 2014. Ryan Pedlow’s Two Creeks Capital Management LP raised $1.5 billion for […]

WSJ – A handful of hedge funds may have made tens of millions of dollars on the collapse of troubled Portuguese lender Banco Espírito Santo. One of the biggest funds to bet the bank’s shares would fall was Marshall Wace […]

CBS – Goldman Sachs (GS), whose name is synonymous with Wall Street to many investors, is ratcheting up the fees it charges to some hedge fund clients and cutting ties with others. Its goal is to set aside more capital […]