CTpost – With a sentencing date in hand, a federal prosecutor is pressing forward with a bond revocation hearing for Francisco Illarramendi, the wealthy owner of a group of Stamford-based hedge fund involved in a Bernard Madoff-like Ponzi scheme that may have […]

Reuters – A federal judge in Chicago is allowing an eight-year-old antitrust lawsuit against CME Group Inc. to go forward, re-opening a particularly acrimonious chapter in CME’s battle for dominance in the lucrative U.S. futures markets. U.S. District Court Judge […]

Reuters – A proposal that would have required brokerages to send account statements to their customers more frequently has been scrapped — at least for now. The Financial Industry Regulatory Authority on Thursday [Aug. 2] withdrew a plan it originally […]

Opalesque – In the week-ending 03 Aug 2012, it was reported that Richard Gerson was reported to have raised $1.2bn to launch his own hedge fund firm, Falcon Edge Capital; Rob Chandra has scaled back his role at Bessemer Venture Partners to […]

Traders Magazine – When Anthony Cambeiro left a large hedge fund to found Anthology Capital Group, the trader was surprised by how difficult it was to get investors to seriously consider his fund, in spite of the long and successful track […]

Forbes – According to the American Federation of State, County and Municipal Employees, the average AFSCME member earns $45,000 per year and receives a pension of about $19,000 upon retirement.  The notion that these workers are “sophisticated investors” who can […]

The Times Tribune – Scranton City Council is pursuing a plan to borrow up to $18 million from a hedge fund to cover this year’s budget gap, council officials have said. The financially strapped city has been struggling for months […]

Bloomberg – Hedge funds and private-equity firms are buying Spanish real estate after prices slumped, Financial Times Deutschland reported, citing Adolfo Ramirez-Escudero, the head of investment at CBRE Group Inc.’s Spanish business. Ramirez-Escudero advised on four property deals valued at more […]

Reuters – Armajaro Asset Management, the hedge fund founded by commodities trader Anthony Ward, is set to launch its new financials hedge fund in October, part of the firm’s push to diversify further into equities. The Armajaro Global Financials Fund […]

NewsDay – A Bronxville teenager out for a late-night drive in an all-terrain vehicle was charged with negligent vehicular homicide under the influence of alcohol after a crash that killed his passenger and prep-school roommate at the luxury Yellowstone Club […]

PF – The shock waves from the shooting and suicide involving two dodgy asset managers in Cape Town last week are reverberating widely, with indications that investors in a “hedge fund” could face losses of almost R2 billion. The high […]

Pensions & Investments – Texas Permanent School Fund’s slow journey toward direct investment in hedge funds hit a traffic jam, thanks to the state education agency’s decision that the permanent fund must reconsider a proposal to terminate three of its […]