Forbes – Billionaire hedge fund manager William Ackman chose the morning of the last day of July to announce his biggest investment ever, a $2.2 billion bet his Pershing Square hedge fund made to take a 9.8% stake in Air […]

Guardian – US energy regulators have hit JP Morgan with $410m in penalties after accusing it of manipulating electricity prices in California and the mid-west. The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from […]

Economic Times – Testimony ended Monday in the civil fraud case of Fabrice Tourre, with lawyers for former Goldman Sachs trader not calling any witnesses before the US Securities and Exchange Commission’s case goes to a Manhattan federal jury. Tourre’s […]

Hedge Fund Alert – The New York firm held a single close for its SL Liquidation Fund on June 3 with $445 million — continuing a growth streak that started with the creation of at least one separate account sharing […]

Globe And Mail – As you watch your bond investments stumble against rising interest rates, you’re probably on the lookout for fixed income options that aren’t so interest sensitive. As it happens, two of Canada’s best-known hedge fund providers offer […]

Observer – Last Thursday, when the government charged SAC Capital with perpetrating an insider-trading scheme from 1999 through 2010, the move answered a lot of questions people had been asking of late. The main one: given the fact that the […]

Bloomberg – Jeffrey Yap, former head of Asian fixed-income trading at a unit of Mizuho Financial Group Inc. (8411), plans to start his own credit-focused hedge fund in Hong Kong. Yap, who worked for Mizuho Securities Asia Ltd. until May, […]

Barron’s – Larry Robbins usually describes the approach of his $6.4 billion hedge-fund firm, Glenview Capital Management, as “suggestivist,” cultivating amicable working relationships with corporate management to propose shareholder-friendly changes. Now he’s becoming an activist for the first time, challenging […]

Economic Times – The Securities and Exchange Board of India (Sebi) on Monday allowed local hedge funds to borrow up to twice the fund’s net asset value, but lawyers say the move is restrictive compared with developed markets where leverage […]

MoneyBeat – Some of the world’s biggest hedge funds, including Marshall Wace, Millennium Management, CQS and BlueCrest Capital Management, are among firms that are capitalizing on a difficult environment for start-ups, hiring potential managers who might once have considered setting […]

Go Local – General Treasurer Gina Raimondo received a donation from a manager at a hedge fund that has been indicted for insider trading, along with several donations from the law firm now defending that fund against a five-count federal […]

Atlantic Wire – One of the financial industry’s most successful firms is under the gun for alleged insider trading, and some of their rivals and enemies could not be more thrilled about it. So much so that one took out […]