Reuters – Investors added more cash to hedge funds than they redeemed in November, encouraged by managers making money even as the stock market rally paused, new data showed on Wednesday. The SS&C GlobeOp Capital Movement Index, which calculates monthly […]

This Is Money – Hedge fund guru Crispin Odey has made a £22million bet that Manchester United’s poor performance on the field will be echoed in the stock market. The founder of Odey Asset Management has taken out a 0.78 […]

Reuters – Markman Peters, who joined Jefferies & Co in 2009 to run and expand its wealth management business, is leaving to join a distressed debt hedge fund, according to two persons familiar with his plan. Peters, a managing director […]

CBC – New York private equity firm Bain Capital has bought a majority stake in Canadian winter gear manufacturer Canada Goose for an undisclosed sum. The two companies announced the deal in a news release Tuesday. Founded in Toronto in 1957, Canada […]

NYT – Elliott Management, the New York-based hedge fund founded by Paul Singer, urged the McKesson Corporation on Tuesday to sweeten its deal to acquire the German pharmaceutical wholesaler Celesio, saying its tender offer to acquire the outstanding shares of Celesio “substantially […]

Bloomberg – A lawyer for SAC Capital Advisors LP fund manager Michael Steinberg said an excerpt of a secret recording that he says depicts the money manager as wary of inside information should be heard by a jury to demonstrate […]

Bloomberg – U.S. financial regulators, taking a landmark step in the five-year effort to rein in Wall Street, decided to curb some types of trading while largely freeing chief executives from personal responsibility in the final version of the Volcker […]

Risk – As Deutsche Bank retreats from commodities markets, three of its former top US power and gas traders have set up a new hedge fund specialising in financial transmission rights (FTRs), a type of instrument whose payout depends on […]

Reuters – Traders launching a hedge fund need to raise at least $300 million in assets to pay for rising regulatory costs and to offset lower fees, a survey showed, a far cry from the pre-crisis days when managers could […]

Bloomberg – If Mathew Martoma was ever going to strike a deal with the government and turn against his former boss, Steven A. Cohen, he probably would have done it a long time ago. The odds that he ever will […]

Business Insider – The days of calling your rich relatives to raise $3 million to start a hedge fund a la Dan Loeb are over. Citi just released a 45-page report on the hedge fund industry in the United States […]

LiveMint – Running a hedge fund in the Asia-Pacific region can be as much as 42% cheaper than in the US and Europe, helped by lower-than-average compensation, according to a survey by Citigroup Inc. Small funds started in the region […]