WASHINGTON — Financial firms and hedge funds invested roughly $79 million in gun manufacturers during the last quarter of 2012 — a period that includes the Sandy Hook Elementary School massacre in Newtown, Conn. The purchases are the focal point […]

Hedge-fund liquidations rose to a three-year high in 2012 as the European debt crisis and concerns about global economic growth hurt performance for the $2.3 trillion industry, according to Hedge Fund Research Inc. The number of firms shut jumped to […]

Risk.net – Operational due diligence analysts find more red flags in hedge funds’ compliance and regulatory functions than any other area. Compliance and regulatory failures are the most common problems identified by operational due diligence (ODD) analysts when they conduct […]

Independent – Billionaire hedge fund manager John Paulson is considering quitting the US for tax reasons, it emerged yesterday. Mr Paulson, who is best known for betting against the US subprime market in the lead-up to the financial crisis, is believed […]

NYT – Brevan Howard, the London-based hedge fund, agreed Monday to donate £20.1 million, or $30 million, to the Imperial College to set up a finance research center in its name. Brevan Howard will give the money to the business […]

AP – A New York man faces sentencing for embezzling more than $1 million from a hedge fund in Westport where he was chief financial officer. Darrin Foster, formerly of the Bronx, is scheduled to be sentenced Thursday in U.S. […]

Missoulian –  Investors including Montana’s former governor have filed formal notice with federal regulators of their intent to take over a precious metals mining company they say has been mismanaged. Former Gov. Brian Schweitzer and the Clinton Group hedge fund […]

Opalesque Asia – China is set to formally recognize hedge funds with the full implementation of amendments to its Securities Investment Funds Law that allows registration of hedge fund firms in the mainland. The changes in Beijing’s investment funds will […]

Bloomberg – Hedge funds cut bets on a commodity rally to a four-year low on signs of surplus supply in everything from coffee to zinc before Goldman Sachs Group Inc. said prices had fallen too far and investors should buy. […]

Risk – Analysis from JP Morgan shows strong relationship between intra-stock correlation and equity long/short hedge fund returns. Equity long/short hedge funds are benefiting from a drop in intra-stock correlation, which has held below its five-year average since mid-2012. Read […]

Agrimoney – Hedge funds turned their most bearish on agricultural commodities since the depths of the global financial crisis – but appear to have been wrong-footed in lean hogs – ramping up short bets– just ahead of a rebound in […]

CNBC – Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess’s snack cake brands, including Twinkies, the New York Post reported. Silver Point Capital sent a letter to Hostess’s bankers in the […]