Reuters – 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 among nations […]

BizJournal – Unwilling to back down in its drive to buy Archon Corp., Boston hedge fund Esplanade Capital LLC has upped its offer to $111 million. The $19.25-a-share offer tops Esplanade’s June offer of $18.50 a share for the Nevada-based […]

Bloomberg – Robert W. Wilson, the hedge-fund manager who lept to his death last month from his New York residence, gave his art collection to the Whitney Museum of American Art in Manhattan. Wilson, who served on the museum’s board, didn’t […]

BD Live – The Taxation Laws Amendment Act will limit the risk of double taxation for hedge funds, but industry experts are concerned there is a risk that trading profits could still be taxed within funds. An unprotected hedge fund […]

Forbes – In a little publicized decision just before Christmas, the U.S District Court, Southern District, ruled that a former hedge fund bigwig, Joseph F.”Chip” Skowron III, must forfeit $31 million compensation earned from the firm between 2007 and 2010. […]

Bloomberg – The deal started with a treasure map, supposedly bought from a drifter at a saloon in Key West for $500. What could possibly go wrong? For Dean Barr, who ran Citigroup’s hedge fund unit until 2007, investing in the X-marks-the-spot Emerald […]

Bloomberg – Aleksander Efrosman, the former hedge-fund manager who fled the U.S. after swindling his clients out of $5 million and gambling away most of it at a casino, was sentenced to more than 15 years in prison. Efrosman, 51, […]

ABC – Goldman Sachs says its fourth-quarter profit dropped 21 percent as revenue from mortgages and trading in bonds and other securities weakened. Goldman earned $2.25 billion in the October-December quarter after paying dividends on preferred shares, down from $2.83 […]

Charlotte-based SPX Corp., an industrial-equipment manufacturer, said it reached an agreement with Relational Investors LLC for the activist investor to nominate up to two board directors. Relational can nominate David Batchelder, who co-founded the fund with Ralph Whitworth, to theSPX […]

Biz Journals – Roughly five months after the arrest of CEO Jim Bisenius in a prostitution sting, Common Sense Investment Management is closing its doors and becoming a family office, the Business Journal has learned. As a family office, it […]

FN – A former quantitative trading chief at Deutsche Bank is hoping to raise as much as $250 million for a managed futures hedge fund that he will begin marketing in earnest this year. Philippe Azoulay, who spent six years […]