Newsroom America – A former research analyst at a hedge fund in New York, Jon Horvath, 42, has pleaded guilty to charges arising from his involvement in a $61.8 million insider trading scheme. The alleged scheme involved multiple analysts and […]

Boston Globe – Andrew W. Lo, the MIT finance professor and hedge fund manager, wants to bring Wall Street-style financial­ engineering to a crucial social need: curing cancer. Named this year as one of Time magazine’s 100 most influential people […]

Pensions & Investments – That’s the conclusion of a new monograph — “Hedge Funds and Systemic Risk”— from RAND Corp., a non-profit research and policy organization. The report’s authors analyzed the extent to which hedge funds create or contribute to […]

Hedge Funds Review – AE3 Capital which was founded earlier this year is launching its first hedge fund. The fund will invest in emerging market debt. Some currency positions will be taken to improve the fund’s risk/return. Malta-based AE3 Capital […]

Telegraph – David Harding earned an income of £87m last year from Winton Capital Management, the investment firm he founded in 1997, and paid an annual tax bill of £34m – enough to fund the salaries of 1,500 newly-qualified teachers. […]

Money Control – Indian markets witnessed a hefty foreign funds inflow of about Rs 19,200 crore in September. “Some of the money is coming from the hedge funds, but a lot of the inflows in Indian market and into emerging […]

Dallas news – I knew it wasn’t all wine and roses in the hedge fund industry these days, but geez things seem to have really taken a turn for the worse. One of Dallas’ largest and most respected hedge fund […]

Reuters – A shift in how the U.S. Securities and Exchange Commission investigates possible violations related to complex products could lead to brokerages being targeted because of problems at their competitors, an agency official said on Thursday [Sept. 28]. “If […]

BBC – French Prime Minister Jean-Marc Ayrault has said that nine out of 10 citizens will not see their income taxes rise in the new budget. He has confirmed that there is to be a new 75% tax rate for […]

Bloomberg – Brencourt Advisors LLC, a New York- based multistrategy hedge fund, plans to wind down its funds by year-end, return money to outside clients and become a family office, the firm said in a letter to investors. The $300 million firm […]

Au – Axiom Mining has received support from U.S. domiciled sophisticated investors who have participated in a A$1 million private placement, comprising 77 million shares at A$0.013. Shareholder approval will be sought for 55 million of the shares. The majority of […]

Detroit Free Press – A deal that helped General Motors settle financial claims from a group of hedge funds around the time of its historic 2009 bankruptcy could cost the company more than $900 million if a lawsuit in progress […]