Guardian – An Italian court has sentenced Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company. The former Italian prime minister has the right to appeal against the […]

U.S. millionaires would rather match the stock market through an exchange-traded index fund than try to beat it using higher-fee hedge funds or billionaire Warren Buffett’s holding company Berkshire Hathaway Inc. Bloomberg – The SPDR S&P 500 ETF Trust surged to the No. 2 […]

Reuters – Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. He remembers the noise, and not much else, and said he’d like to try it again, though he realizes that the […]

International Journal Of Science – Early last year, I published an article in Foreign Policy that explained how Wall Street profits from hunger. I traced the history of financial markets in food and noted how the prices of maize (corn), soya, rice […]

Reuters – Odey Asset Management has sharply increased its stake in Man Group Plc, taking a bold bet on a fightback by the struggling computer hedge fund firm. Odey, founded by veteran fund manager Crispin Odey and which is known […]

Bloomberg – BlueMountain Capital Management LLC and Saba Capital Management LP are leading investors into the debt market’s darker corners to boost returns, buying securities from collateralized loan obligations to bonds that seldom trade. BlueMountain, the $11 billion hedge fund […]

Bloomberg – From the Cayman Islands to the Bahamas, hedge fund havens are considering a surprising remedy for widening deficits — higher taxes. The Bahamas is planning a town hall to debate a tax overhaul that may include the nation’s […]

BusinessWeek – Steve Taw, the oldest competitor at age 53 in the history of Hong Kong’s sixth annual Hedge Fund Fight Nite, is competing four years after his son’s victory in the same charity event. “I’m the only one ever […]

SkyTalk – Marathon Asset Management has asked the bankruptcy court to investigate a pre-bankruptcy debt transaction between American Airlines and regional carrier, American Eagle, alleging the $2.26 billion deal was illegal. The hedge fund, which has complained to AMR chief […]

The Republic – A New York hedge fund manager who has donated heavily to campaign groups supporting Republican Art Robinson in the race for the U.S. House seat in southwestern Oregon also has been a major donor to Robinson’s nonprofit institute, an […]

Forbes – Tom Steyer announced in a letter to investors Monday that he will be stepping down from Farallon Capital Management, the hedge fund he founded in San Francisco in 1986. The move is significant but not altogether surprising. Steyer, a billionaire […]

Reuters – Blackstone Group is preparing to launch a multibillion-dollar fund that will buy stakes in hedge fund managers in the secondary market, as traditional buyers such as banks pull back amid disappointing fund performance and regulation. Blackstone, whose hedge-fund […]