Guardian – Wall Street bonuses totalled $20bn in 2012 as the financial industry’s profits tripled in a year, despite layoffs and dire predictions for the future. As public outrage over high Wall Street pay subsides, the securities industry is increasing […]

Telegraph – Germany, Holland, Sweden and Austria are among 12 signatories of a strongly worded complaint, seen by The Daily Telegraph, about the EC’s “opaque” handling of controversial hedge fund rules. The 12 member states, including the UK, claim that the […]

Bloomberg – Three hedge fund employees were arrested in London on suspicion of insider trading by the U.K. finance regulator and police. The men, 33, 37 and 39 years old respectively, are all in custody for questioning, the U.K. Financial Services Authority said […]

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.” […]

Deal Curry – If the new allowance by the SEBI with regards to hedge funds is anything to go by, India may soon witness a case similar to the ongoing one in American-listed nutrition company Herbalife which is facing a […]

Reuters – Five of the $2 trillion hedge fund industry’s biggest names each took home more than $1 billion in earnings last year, according to an analysis released by Forbes on Tuesday. The financial magazine said hedge fund veterans David Tepper, Carl […]

Business Insider – Host of CNBC’s Mad Money, a daily hour-long show, Jim Cramer tells his viewers which stocks to buy, hold and sell, often in elaborate costume. Known for his zany on-screen antics and for yelling “Boo-yeah!,” Cramer has dispensed stock market […]

Forbes – In 2012, prominent hedge fund managers made headlines by successfully trading against JPMorgan Chase & Co., spending lots of money to influence the U.S. presidential election, and proclaiming that a nutritional supplements company was operating a pyramid scheme. While they […]

Bloomberg – New allocations to hedge funds may more than triple this year, pushing the global industry’s assets to a new high, according to an annual survey by Deutsche Bank AG. (DBK) Hedge fund assets worldwide may increase 11 percent to […]

BI – Hedge fund legend Michael Steinhardt is selling his private collection of Jewish ceremonial art at auction on April 29th, says WSJ. The collection is valued at around $11 million and will be sold at Sotheby’s. Steinhardt, a Wharton grad, is known for amazing returns […]

Business Week – BILLINGS, Mont. (AP) — Montana’s bolo tie-wearing former governor teamed up Monday with an unlikely ally — a New York hedge fund — to launch a fight for control of a precious metals mining company that sunk […]