The Telegraph – NewSmith founders Michael Marks and Stephen Zimmerman had put in a full morning’s work hedging funds in their Berkeley Square base. But disaster struck on the way out to a well-earned Mayfair lunch when the pair got […]

Reuters – Among those peering most anxiously over the U.S. “fiscal cliff” are arguably hedge fund foreign exchange sales traders and their banks. The implications of possible U.S. tax hikes for hedge fund FX volumes and, by extension, profitability in […]

MarketWatch – The Securities and Exchange Commission on Thursday charged a hedge fund manager with allegedly defrauding investors by hiding millions of dollars in losses from mortgage securities. Specifically, the SEC alleges that Walter Morales and hedge fund Commonwealth Advisors, […]

Bloomberg – Almost two years ago, Level Global Investors LP and Diamondback Capital Management LLC were among four hedge funds raided by the Federal Bureau of Investigation as part of a nationwide crackdown on insider trading. Yesterday, the first of […]

Reuters – Hedge funds fell 0.5 percent on average in October, the industry’s first loss in five months, hedge fund tracking data published on Wednesday showed. Funds lost money last month as the S&P 500 sank 2 percent. Still, the benchmark […]

BusinessWeek – Almost two years ago, Level Global Investors LP and Diamondback Capital Management LLC were among four hedge funds raided by the Federal Bureau of Investigation as part of a nationwide crackdown on insider trading. This week, the first […]

Reuters – Hedge funds lost money for the first time since May last month, hurt by exposure to the broader stock market, which also sank in October. On average hedge funds fell 0.34 percent in October according to a group […]

Bloomberg – Matrix Group Ltd., a U.K. financial firm seeking protection from creditors, said it will liquidate its hedge fund and investment-banking operations. Matrix Alternative Asset Management LLP will be wound down “shortly” and Matrix Corporate Capital LLP, which advises […]

NYP – Hedge fund trader Nick Gentile is starting to dread this time of year. “October is a bad month for me,” the Staten Islander told The Post yesterday while taking a break from cleaning up debris outside his two-story Oakwood […]

BusinessWeek – California voters passed a ballot initiative financed by hedge fund executive Thomas Steyer that strips out-of-state corporations of an option for lowering their state income taxes. The measure was winning 59.5 percent to 40.5 percent, with 58 percent […]

Reuters – Working to tighten-up global regulation after the financial crisis, are moving ahead with plans to extend their reach to “shadow banks” such as money-market funds that handle trillions of dollars in short-term investments. Policymakers have already tightened regulation […]

FierceFinance – Goldman Sachs employees are not guaranteed they will retain anything resembling a Midas Touch after they leave the bank. Consider the fate of former Goldman Sachs proprietary trader Pierre-Henri Flamand, who left the company to start his own hedge […]