Reuters – Hedge funds are approaching Wednesday’s Bank of England minutes betting the pound will extend its surge to a one-year high against the euro but wary the bank could signal interest rate rises may be pushed back. Many hedge […]

Philly.com – Third Point L.L.C., the hedge fund led by the billionaire Daniel Loeb, has taken a stake in Dow Chemical Co. and called for a spin-off of its petrochemicals business to improve profitability. Third Point’s stake in Dow is […]

FN – The company, which incubates small hedge funds and brokers, has benefited over the past two years as the top-tier investment banks have trimmed their smaller, less profitable clients. Lees, who built the execution business of French brokerage Cheuvreux, […]

Bloomberg – Hedge funds and other creditors in Iceland’s failed banks are trying to get a response from the nation’s authorities on the status of their claims as the government considers amending the bankruptcy law. More than five years after […]

FinAlternatives – A hedge fund helmed by a trio of former Goldman Sachs bankers has launched its Japan-focused maiden offering. Golvis Investment rolled out its maiden hedge fund earlier this month with employee capital, Bloomberg Newsreports. Early returns are good, with […]

Sydney Morning Herald – Hedge funds think 2014 could be the year their currency bets finally pay off, after getting burned last year on trades ranging from the Australian dollar to the greenback. The influence of central banks and competition […]

Telegraph – Chris Hohn, the boss of TCI, has cut his holding in Royal Mail three months after building it, apparently confirming Vince Cable’s fears that hedge funds would not be long-term holders of the company. In a regulatory statement, […]

Nasdaq – Hedge-fund manager Elliott Capital Advisors has raised its stake in Celesio AG to 32.01%, the German pharmaceutical wholesaler said Monday. The increase comes after McKesson Corp.’s unsuccessful takeover bid for Celesio, in which the U.S. drug distributor failed […]

Bloomberg – Golvis Investment Pte, founded by three former Goldman Sachs Group Inc. managing directors, plans to open its Japan-focused multistrategy hedge fund to investors this quarter, said two people with knowledge of the matter. Golvis Asia Opportunities Fund returned […]

Telegraph – Unlike the investment banking species, the hedgie is not a sociable creature. Little is revealed about who they are, what they look like, or indeed how much they make for themselves and their clients. There are a couple […]

NYT – In my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic […]

Gothamist – In an illuminating op-ed for the Times, a former hedge fund trader describes how he supplanted his drug and alcohol additions with an addiction to money. “I was a giant fireball of greed,” Sam Polk writes. “I’d think […]