The Economist – There is an almost quaint—if you can stand it—old-world aura about smoking in Japan, like watching a 1950s film noir. Smoke billows out of bars. The government holds down cigarette prices. In some cities, you can puff […]

CityWire – Lombard Odier Investment Managers has hired hedge fund specialist Tim Yetman to develop a global macro unit in London, the asset management firm has announced. Yetman joins from hedge fund company OLEA Capital Partners, where he was both […]

Reuters – BlueMountain Capital, a hedge fund involved in JPMorgan Chase & Co.’s $6.2 billion trading loss last year, tried to recruit several employees in the bank’s chief investment office in the months before the losses, according to two people […]

FINalternatives – Florida’s governor is taking advantage of the publicity surrounding an anecdote-heavy New York Post article about hedge funds moving to Florida to pitch such a move to a Rhode Island hedge fund. Gov. Rick Scott wrote to Providence Investment Management […]

DealBook – Come Friday, one of Citigroup’s internal hedge fund units will begin a new life, free from its corporate parent and the restrictions that have come with new banking regulations. What once was part of Citi Capital Advisors will now be […]

MSN – Investors interested in the strategies of David Einhorn and David Tepper may want to note that their top holding, Apple, is trading close to its 52-week low, and less than the average price either of the two managers paid for their shares. […]

Fox News – J.P. Morgan Chase & Co. (JPM) says a group of hedge funds is trying to use a “pocket veto” to derail the bank’s bid to recover $928 million it lent to MF Global Holdings Ltd. just before […]

BizJournal – Shares in CommonWealth Real Estate Investment Trust surged 48 percent Tuesday after two hedge fund managers who own nearly 10 percent of the company threatened to unseat its board and acquire all outstanding shares at “a significant premium.” […]

Reuters – London’s unique concentration of hedge funds, clustered around the leafy squares of Mayfair, are a particular boon for purveyors of luxury goods such as Stratford. But new European Union rules curbing the upfront pay of hedge fund managers, […]

Forbes – Under fire from hedge funds, office and industrial commerical property owner CommonWealth REIT is standing its ground. The real estate investment trust said Wednesday it will push forward with a major equity offering, over cries of resistance from […]

Bloomberg – South Carolina’s $27 billion pension dove into private equity and hedge funds in 2008, hoping to increase returns that were at the bottom tenth of public- employee retirement funds. Five years and $1.2 billion in fees later, its […]