Reuters – Europe-focused hedge fund Oceanwood Capital Management has won a $50 million investment from School Employees Retirement System of Ohio (SERS), a nearly 3 percent boost to its $1.85 billion assets under management. The investment marks a significant institutional […]

Bloomberg – Senator Rand Paul has preached the political peril of being too close to financiers as he gears up for a likely 2016 presidential bid. “We cannot be the party of fat cats, rich people, and Wall Street,” the […]

Providence Journal – The looming threat to Rhode Island’s finances from the advent of casino gambling in Massachusetts brings with it a potentially awkward twist for state officials — the pension funds they oversee may gain from the money and […]

Guardian – The wife of a hedge fund tycoon is seeking hundreds of millions of pounds in what could be the largest divorce award ever made in a British court. Lawyers for Jamie Cooper-Hohn, 49, argue that she is entitled […]

Bloomberg – Senator Rand Paul has preached the political peril of being too close to financiers as he gears up for a likely 2016 presidential bid. “We cannot be the party of fat cats, rich people, and Wall Street,” the […]

The Irish Post – Mystifyingly, investors and pension funds continue to respond to hedge fund underperformance by throwing money at the industry, with assets under management now exceeding $3 trillion for the first time ever, according to eVestment. Last year, […]

Stamford Advocate – A billionaire is without a helipad in Stamford’s South End. There will be no traffic jam of Teslas on Washington Boulevard. And for Gov. Dannel P. Malloy, who previously presided as mayor over Stamford’s renaissance as a […]

FT – Hedge funds’ correlation with the equity market has risen back to pre-financial crisis highs, raising fears that the $2.7tn industry could again suffer sharp losses in the event of a market slide. The level of correlation may also […]

WRPI – Providence Mayor Angel Taveras’s campaign on Monday slammed his rival for the Democratic gubernatorial nomination, General Treasurer Gina Raimondo, for retaining an adviser recently replaced in Massachusetts – then got criticized for getting the facts wrong. WPRI.com reported […]

Reuters – A powerful Texas state senator warned against a takeover by hedge funds of the power distribution unit of bankrupt Energy Future Holdings and said the state would prefer an owner with a long-term view. Senator Troy Fraser told […]

A former senior executive of SAC Capital Advisors LP is planning to start a new stock-trading hedge-fund firm, potentially with a big chunk of funding from Leucadia National Corp., according to people familiar with deal discussions. Solomon “Sol” Kumin, who […]

City AM – Management pay at First Group was slammed yesterday by Tom Sandell of New York-based hedge fund Sandell Asset Management, as he said the management team of the UK rail and bus operator had been “well rewarded for […]