Reuters – U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, The Wall Street […]

Business Insider – Hedge fund manager Alphonse “Buddy” Fletcher, Jr., who was featured in the book “Stock Market Wizards,” is selling his Connecticut “castle”for $8.85 million, Curbed reports. Fletcher purchased the 17-room Cornwall, Connecticut estate for $5.9 million, according to Vanity Fair article. Read […]

Reuters – The world’s biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns. Their long-term horizon may allow many sovereign funds, which globally […]

WSJ – J.P. Morgan Chase & Co. has named a new head of prime brokerage account management for Asia Pacific, as investment banks jostle to win business in the region’s growing hedge-fund industry. Chris Barber, who joins the U.S. bank […]

Businessweek – At Peconic Baykeeper’s fourth annual Celebration of Our Bays, guests congregated in the backyard of the Port of Missing Men, a private estate in Southampton overlooking Scallop Pond and Cow Neck. Admiring the setting was just as appealing […]

Reuters – Many financial auditors are failing to properly check for accounting fraud risks at U.S. broker-dealers or test controls over customer funds, new inspections mandated by Congress after Bernard Madoff’s massive Ponzi scheme have found. In its second inspection report […]