MONGABAY – A hedge fund manager has downgraded Lumber Liquidators’ stock over the company’s alleged links to illegal logging in the Russian Far East, reports The Wall Street Journal. Speaking at the Robin Hood Investors Conference on November 22, Whitney Tilson, […]

eFinancial – News – Carlyle Group said it would acquire Diversified Global Asset Management, a Toronto-based investor in hedge funds, as the firm continues to expand from private equity. The deal is valued at $33 million, plus a possible $70 […]

CNBC – As pension funds, endowments and charities clamour for access to hedge fund strategies that are cheap, transparent and liquid, US hedge fund managers are rushing to meet their requests by rolling-out alternative mutual funds. An American version of […]

Economist – If something has not worked for five years, most people would conclude that it was broken. Tell that to the geeks managing “quant” hedge funds, who craft elaborate algorithms to profit from market movements. Once money-spinners, their prized […]

Dealbook – Forget about Black Friday. November is looking as if it could be the month that puts many hedge funds solidly in the black for the year, at least based on performance numbers for two notable portfolios. David Einhorn’s […]

CNBC – Hedge fund manager Steve Cohen has at least one easy way to make up some of the $1.2 billion he recently agreed to pay the government: Cash in on SAC Capital Advisors’ sprawling real estate holdings that stretch […]

CPA – The “Big Four” accounting and consulting firm Ernst & Young LLP has received two industry honors in the accounting and auditing space. The firm has been named Best Accounting Firm by the HFMWeek 2013 U.S. Hedge Fund Service […]

Augusta Chronicle – The social network broke into the top-10 stocks that appear most frequently among the largest holdings of hedge funds, according to a Goldman Sachs survey of their third-quarter holdings. Facebook ranked sixth, after not placing in the […]

Bloomberg – Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors. Goldman Sachs Group Inc., UBS […]

NYT – The Carlyle Group said on Tuesday that it would acquire the Diversified Global Asset Management Corporation, an independent hedge fund manager, the latest push by Carlyle into areas beyond its core leveraged-buyout business. Carlyle will pay $33 million […]

Mondaq – On November 12, the liquidators for two Bear Stearns overseas hedge funds filed their complaint against McGraw Hill, Standard & Poor’s, Moody’s, and Fitch (collectively the rating agencies) in an action in New York Supreme Court alleging that […]

Royal Gazette – Expect to see more hedge fund managers setting up reinsurance companies in Bermuda as a way of boosting their investment returns. That was one of the takeaways from the seventh annual EY Hedge Fund Symposium last week […]