Reuters – K2 Advisors became the latest fund of hedge funds to sell out to a much bigger rival, with a deal announced on Wednesday to sell a majority stake to Franklin Resources  as investors’ appetite for alternative assets continues […]

FN – Hedge Fund Research’s benchmark composite index was up just 3.52% in the year to August 31, lagging far behind returns of 13.5% for the S&P 500 and not that far ahead of the 2.1% recorded by global government […]

Guardian – Shareholders in Rupert Murdoch’s News Corp are asking a US court for permission to sue the firm’s board for failing to stop the phone hacking scandal. The shareholders asked Delaware judge John Noble on Wednesday to proceed with their case […]

Advisor One – A year after shutting its fallen-star hedge fund and replacing its quantitative investment strategies group head, Goldman Sachs Asset Management is back on track with a successful risk-management fund that targets RIAs as investors. The Goldman Sachs […]

New York Observer – The New York City Department of Finance is backing off a proposed policy change that would have increased the tax liability of hedge funds and private equity firms, according to an article published by Tax Analysts. The […]

Bloomberg) — For three excruciating weeks in May, Renee Haugerud, the founder of New York hedge fund Galtere Ltd., agonized that her wager on corn was a massive mistake. She had started buying in March, when futures contracts averaged about $5.59 a […]

CTpost – Hedge funds from Beau Taylor’s Taylor Woods Masters Fund to Brevan Howard Asset Management LLP’s commodities fund gained in August as surging oil and grain prices drove commodities to their third monthly advance. The Taylor Woods fund, which manages more than $1 […]

Financial Post – Hedge funds raised bullish bets on oil to a four-month high just before futures surged on Federal Reserve Chairman Ben S. Bernanke’s plan for a new round of growth-boosting measures. Money managers increased net-long positions, or wagers […]

Brisbane Times – Investors dabbling with high-risk hedge funds should be better protected from losing their money under new rules drawn up by the corporate watchdog. The Australian Securities and Investments Commission will force hedge fund managers from June to […]

Opalesque – Newly-launched agro forestry and sustainable resources investment hedge fund Sustainable Resources Fund is looking at possible investment opportunities of up to $100m in agriculture and forestry in the Philippines. Managed by Sustainable Capital Luxembourg S.A. the fund’s advisor, Michael Young was […]

InvestorPlace – Shares of Office Depot rose on word that a hedge fund has acquired a significant stake in the company and was pressuring its management to make changes. In a letter to Office Depot’s board, Starboard Value announced that it had acquired […]

Pensions & Investments – Lasair Capital, a woman-owned firm, is winding down its long/short equity focused hedge funds of funds, confirmed Carrie McCabe, founder and CEO, in an e-mailed statement. Lasair Capital was backed at its founding in 2008 by […]