Greenwich Time – QFS Asset Management, the Greenwich hedge fund firm founded by celebrated economist Sanford “Sandy” Grossman, announced the closing of its currency trading fund Tuesday and said it will return nearly $1 billion in client assets. The currency […]

EFC – Beware ageing male hedge fund traders. A new study of a London fund has found that older men in hedge funds are prone to enthusiastic exercise in an attempt to achieve a hyper-masculine, super-fit, warrior-style physique. The study* was […]

Telegram – A hedge fund that holds a large stake in World Energy Solutions Inc. is pushing the company to appoint new directors, get rid of one business and maybe even sell the company. Ardsley Partners of Stamford, Conn., wrote […]

Reuters – JPMorgan Chase & Co. posted a 7.3 percent decline in quarterly profit on Tuesday [Jan. 14], as legal woes and weak demand for investment banking services capped off a tough year for Chief Executive Jamie Dimon. The largest […]

Geek Beat – Just when you thought the end of CES meant you had a bit of breathing room, Google drops a bombshell on the tech community. They’ve come to an agreement to acquire Nest, of elegant thermostat fame. They’re […]

WSJ – Securities regulators may have a new target in their sights: compliance officers at hedge-funds. Nearly two years after hedge-fund and other private-fund advisers of a certain size were required to register with the Securities and Exchange Commission and […]

NYT – One of the biggest investors in Men’s Wearhouse is officially on board with the retailer’s $1.6 billion hostile bid for Jos. A. Bank. Eminence Capital, which owns a 9.8 percent stake in Men’s Wearhouse and a 4.9 percent […]

BusinessWeek – John Havens, who stepped down from Citigroup Inc. on the same day Chief Executive Officer Vikram Pandit resigned in October 2012, will join the bank’s former hedge-fund arm as non-executive chairman and partner. The firm, now known as […]

Reuters  – Gold extended gains to a third session on Monday to hit its highest in a month after a surprisingly weak U.S. jobs report stoked expectations that the Federal Reserve could temper the pace of its stimulus wind-down. A weaker U.S. dollar […]

Bloomberg – Greenwich, Connecticut, the top-rated home to hedge funds AQR Capital Management and Traxis Partners, is selling the most debt in its 358-year history. The offering of $85 million in one-year notes on Jan. 16 will pay for a […]

Telegraph – British regulators are set to charge a former hedge fund trader over allegations he was involved in an insider trading ring. Julian Rifat, a former trader at US hedge fund Moore Capital, was arrested in March 2010 as […]

Bloomberg – Hedge funds became less bullish on crude oil for the first time in six weeks as U.S. inventories of fuel expanded at a time of weakening demand. Money managers cut net-long positions, or wagers on rising prices, for […]