The Securities and Exchange Commission today announced charges against a Los Angeles-based market access provider and two officials accused of violating the agency’s market access rule that requires firms to have adequate risk controls in place before providing customers with […]

Reuters – Jane Mendillo, who has overseen Harvard University’s $32.7 billion endowment as president and chief executive officer of the school’s investment arm Harvard Management Company for six years, is planning to step down at the end of 2014, the […]

SEC – The Securities and Exchange Commission today charged a New York-based brokerage firm that operates a dark pool alternative trading system with improperly using subscribers’ confidential trading information in marketing its services. Regulations require an alternative trading system (ATS) […]

NYP – David Tepper, the world’s highest paid fund manager for the past two years, has split with his wife of nearly 30 years, Page Six can exclusively reveal. In what could be one of the most expensive hedge fund […]

EFC – In the latest hiring roundup, Goldman eyes M&A growth, a big name launches a boutique and a U.S. hedge fund looks to expand in Europe. Private banks in Switzerland are opening branches in other European countries as they […]

Greenwich Times – Greenwich hedge-fund firm Sureview Capital is closing after three years in business. Founded by John Wu, the stock-picking firm received seed money from industry powerhouse Blackstone Group in 2010. It last reported assets of $427 million on […]

NYT – A hedge fund manager’s plan to help clean up Detroit by letting baby goats graze on public land has come to an abrupt end — or so it seems. Mark Spitznagel, the founder of the $6 billion hedge […]

CNN – Situated on the 46th floor of a gleaming office tower in lower Manhattan, Mike Winston is running his hedge fund empire. But he’s no Gordon Gekko. Missing is the sleek trading floor with its supercharged technology and legions […]

Westport NOW – In a rare wide-ranging interview with The Wall Street Journal, Ray Dalio, founder of Westport-based Bridgewater Associates, says he built the world’s largest hedge fund by creating a culture of “radical truth and radical transparency.” WestportNow.com Image […]

Reuters – Hedge funds and other large speculators cut their bets on higher Brent crude oil prices in the week to June 3 and slashed positions in ICE gas oil by more than 40 percent, data from the Intercontinental Exchange […]

Reuters – Guard Capital Management, a hedge fund start-up by two top traders formerly with Goldman Sachs and Noble Group, is aiming to launch next month and has hired at least four executives, one person with knowledge of the matter […]

Guardian – Reading the recent New York Magazine piece on Steve Cohen, the billionaire hedge-fund manager of SAC Capital, two themes emerge: he hates fame and he likes to be feared. That is not uncommon on Wall Street, where it’s better to […]