Oil Price – Much of the fury in this morning’s nearly 60 point “melt up” opening in the Dow was generated by hedge funds panicking to cover shorts. Convinced of the imminent collapse of Europe, the impotence of governments, and […]

Reuters – Plural Investments, a New York-based hedge fund founded by the former chief investment officer at SAC Capital’s CR Intrinsic division, will shutter his firm by the end of September, according to people familiar with the decision. Plural was […]

Seattle Times – Hedge fund titan Steven A. Cohen wants the board of Clearwater Paper to separate the Spokane-based company’s consumer products from its pulp and paper operations so either or both can be sold off, according to a regulatory […]

Reuters – U.S. hedge funds accounted for nearly a quarter of bond trading in the U.S. between April 2011 and April 2012, the most in five years and highlighting the greater presence of hedge funds in the U.S. bond industry, […]

Reuter – Citadel LLC urged regulators to approve Nasdaq OMX Group’s $62 million compensation plan for firms harmed by Facebook’s May 18 glitch-ridden initial public offering. Citadel’s market making unit bought and sold over $3.8 billion worth of Facebook stock during […]

BusinessWeek – It’s late August. And they’re groaning about a stack of homework that is causing an early, cruel end to beach season. High schoolers? Nope—the managers of America’s largest private investment funds, who on Aug. 29 must file a […]

Reuters – An academics’ pension fund, the Church of Sweden and a biomedical charity are among conservative investors breaking with tradition and piling into hedge funds who are willing to curb their highest-risk bets to attract their cash. Five years […]

Telegraph – Hedge funds pose little risk to the banking and wider financial system, according to an industry survey by the Financial Services Authority. The results of the FSA’s April survey of funds controlling assets worth about $380bn (£242bn) found […]

Economic Times – A handful of plucky hedge funds are nibbling again at cut-price Greek government bonds, increasingly optimistic that progress in talks between Athens and international lenders will deliver a better principle payout for bondholders. Such funds think the […]

The Times Tribune – Shunned by conventional banks and the municipal bond market, Scranton City Council is looking toward lenders of last resort – hedge funds – for $18.5 million needed to close a budget gap. With a loan default, […]

Guardian – George Soros took a nearly 2% stake in Manchester United plc in the club’s controversial initial public offering earlier this month. The billionaire was one of the first of the football club’s new investors to be revealed. His […]

Bloomberg – UBS AG is starting a unit aimed at attracting clients among quantitative hedge funds, combining services from its prime brokerage and direct-execution trading businesses. Scott Stickler in New York will be global head of the operation, called UBS […]