Reuters – Senrigan Capital, an Asia-focused hedge fund backed by Blackstone Group, has removed five investments from its portfolio and placed them into a separate vehicle after heavy losses this year, two sources familiar with the matter said. Senrigan, headed […]

The bank of Nova Scotia, Canada’s third- largest bank, will offer more products to hedge funds including derivatives trading as it expands prime services to compete inside and outside its home country. Scotiabank plans to provide clearing of listed derivatives […]

USA Today – It’s been a busy week for the young royals, culminating tonight in Prince William’s annual visit to the charity fundraising dinner held by women hedge-fund chiefs at St. James’s Palace in London. The Duke of Cambridge is […]

Forbes – The incredible story of the Argentine vessel detained in Ghana at the request of a hedge fund tied to billionaire Paul Singer continues. On Thursday, a court in Ghana rejected the Argentine state’s request to grant the Fragata Libertad diplomatic immunity, despite […]

Bloomberg – Peter Muller, founder of theMorgan Stanley trading group being spun out this year as a stand-alone hedge fund, raised more than $500 million from Blackstone Group LP, said two people with knowledge of the matter. Muller, 49, whose proprietary trading group returned more […]

Reuters – Hedge fund clients pulled out more money than they put in over the past month in spite of a strong performance, in a possible sign of nerves that the parlous state of major economies could hit their returns. […]

WSJ – U.S. hedge funds led by Apollo Global Management APO +0.48% and Oaktree Capital Group are poised to reject Nine Entertainment Co.’s board-endorsed restructure within the next 24 hours, a person familiar with the matter said Thursday. Apollo and […]

Bloomberg – Bank of Nova Scotia, Canada’s third- largest bank, will offer more products to hedge funds including derivatives trading as it expands prime services to compete inside and outside its home country. Scotiabank plans to provide trading of listed […]

Reuters – Octavian Advisors, a roughly $1 billion hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses. The New York-based firm, run by Richard […]

WSJ – Goldman Sachs Group Inc. is lobbying regulators to exempt investment vehicles known as credit funds from the “Volcker rule” in a bid to preserve the firm’s lucrative merchant-banking unit. But if Goldman fails, it has a backup plan. […]

Reuters – In August, when New York State Supreme Court Justice Charles Ramos denied Porsche’s motion to dismiss a $1 billion fraud case brought by several hedge funds that blamed Porsche for manipulating the market for Volkswagen shares, it was a momentous ruling […]

Insider Monkey – The best performing big bank stock so far this month might be a surprise, with the surprise winner being Citigroup, up over 6% so far this month. Another surprise, of the five stocks we consider the dominant banks, […]