HedgeWorld – Democratic Senator and Wall Street critic Elizabeth Warren is urging federal regulators to “show some backbone” and stick to their proposal for how new derivatives rules will apply to foreign banks who do business with U.S. companies. “If […]

Forbes – Todd Newman (Diamondback Capital) and Anthony Chiasson (Level Global) were both convicted in December of trading, and profiting, on inside information they gained from analysts who worked for them. The jury believed, as many juries do believe these […]

Reuters – The manager of Brevan Howard’s $570 million (364 million pound) currency fund is among a number of traders leaving the hedge fund firm because of underperformance, a source with knowledge of the matter said. Luke Ding headed up […]

Reuters – Citadel LLC has hired Jeff Martin, head of Citigroup Inc.’s Automated Trading Desk, to head sales for its market-making unit, the companies said on Thursday [June 13]. Mr. Martin, chief executive of ATD, Citi’s equities market-making unit, is […]

Telegraph – There is a certain irony in financier Davide Serra advising the Government on improving “viability” at RBS. Serra was in the cabal of hedge funds that gobbled up shares in ABN Amro in the run-up to the acquisition […]

Pensions & Investments – Mariner Investment Group added a third strategy to the hedge fund incubation platform it manages for the $46.1 billion Alaska Permanent Fund Corp., Juneau. Peter van Dooijeweert was hired as lead portfolio manager of the new Mariner […]

Bloomberg – Luke Ding, who managed a currency hedge fund at Brevan Howard Asset Management LLP, is leaving the firm, according to a person with knowledge of the matter. Brevan will speak with investors before deciding whether to shut down […]

Reuters – A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen’s SAC Capital Advisors is expected to return to investors by year’s end. Large hedge fund firms structured like SAC, where Mr. […]

Guardian – Global markets have fallen amid renewed fears over economic growth after the World Bank cut its forecasts for this year, citing a deeper-than-expected recession in Europe and a slowdown in China and India. It said the global economy was likely to grow by 2.2% this […]

Bloomberg – Felix Zulauf, a former global strategist at UBS AG (UBSN) who opened his own hedge-fund firm in 1990, is starting a fund in Switzerland with his 30-year-old son that will bet on global macro-economic trends. The fund will […]

Investment Week – The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed. Yesterday afternoon, Davide Serra, founder and […]