WSJ – Goldman Sachs Group Inc. is building an in-house bank to lend money to wealthy people and companies. Rules that stem from the U.S. Dodd-Frank overhaul, including the Volcker rule, which limits the gambles a bank can take with its own money, […]

Guardian – Executives with Europe’s biggest bank, HSBC, were subjected to a humiliating onslaught from US senators on Tuesday over revelations that staff at its global subsidiaries laundered billions of dollars for drug cartels, terrorists and pariah states. Lawmakers hammered the British-based […]

Reuters – Wesley Wang, a hedge fund consultant, pleaded guilty to federal charges that he passed inside information about Cisco Systems Inc. (CSCO), Polycom Inc. (PLCM) and Marvell Technology Group Ltd. (MRVL) Wang pleaded to two counts of conspiracy to […]

BusinessWeek – Traxis Partners LP, the $1.2 billion hedge fund started by Barton Biggs, said it continues to operate after the death of its founder over the weekend. “Traxis remains fully functional, looking after the portfolios of its investors,” Amer […]

Reuters – Barton Biggs, a former chief global strategist for Morgan Stanley who predicted that the Internet bubble would burst a year before it did, has died, the bank said on Monday [July 16]. Mr. Biggs was associated with Morgan […]

Reuters/Attain Capital – If you have been following the blog, or know anything about Attain, then you know that last week, the industry was rocked by the revelation that Russ Wassendorf, Sr., CEO of FCM PFGBest, attempted to commit suicide, leaving […]

New York Times – Mr. Vonnegut dreams up diabolically elegant business crimes, then sends smart-talking characters to follow the money. He draws upon his own Wall Street experience (with Morgan Stanley, among other employers) to provide the sound of insider […]

Forbes – Mitt Romney conducted numerous TV and other media interviews yesterday in order to minimize the damage his campaign has received regarding discrepancies surrounding his tenure at Bain. During times of crisis it is often a smart strategy to […]

Reuters – Russell Wasendorf Sr. was arrested on Friday [July 13] after allegedly stealing more than $100 million from clients of his now-bankrupt brokerage PFGBest, using little more than a rented P.O. Box, Photoshop and inkjet printers to dupe regulators for decades. […]

Opalesque – As the Chinese government formally allowed foreign hedge funds to tap into local wealthy individual investors for funds to invest overseas, the Shanghai Hedge Fund Association, or SHFA, was officially launched over the weekend with the aim of promoting […]

Hedge Funds Review – A Cayman court decision outlines the position of hedge fund investors when using an intermediary. It also shows hedge funds they have other options when hit with redemption requests, says Ogier. A Cayman Islands court judgement has […]

MartketWatch – The technology sector is home to many of the most attention-grabbing stocks in the market: Apple. Google. Microsoft, etc. 13F filings allow investors to follow the activity of hedge funds in the sector on a quarterly basis and […]