Opalesque – New York-based, portfolio technology provider, Imagine Software has launched the Imagine Financial Platform (IFP) and the Imagine Marketplace. Together, the solutions provide a portfolio management platform for financial professionals in addition to an App Store-like marketplace for fund professionals to […]

HedgeWorld – More than a dozen current and former employees of several large banks under investigation for allegedly trying to manipulate benchmark interest rates have hired defense lawyers over the past year, according to people familiar with the matter. The […]

The Daily Beast – You ain’t heard nothing yet. If you thought the admission by Barclays Bank that it manipulated the key interbank lending rate was shocking, be prepared for a series of larger jolts which could expose the banking […]

Reuters – France’s small band of hedge fund managers, long dismissed as risk-addicted buccaneers in their home market, are betting on a renaissance as investors burned by stocks and sovereign debt look elsewhere for returns. It is a Europe-wide trend but […]

FX Street- In a move designed to open its capital account China has permitted foreign hedge funds to approach wealthy citizens for funds to invest overseas, according to sources in the industry. The reform, called the Qualified Domestic Limited Partner […]

The Day – Fletcher International Ltd., a bankrupt hedge fund managed by the investment firm of Alphonse “Buddy” Fletcher, sued some of its own Cayman Islands-based funds to block liquidators from selling its assets. The lawsuit, filed in U.S. Bankruptcy […]

Bloomberg – Before they discovered hedge funds, pension funds and endowments typically held portfolios with 60 percent in equities and 40 percent in bonds. Many would be better off if they had stuck with the old formula. Hedge funds have trailed […]

Reuters – Securities regulators on Monday [July 9] finalized rules that define what kinds of derivatives products will be regulated under the new regime created by the 2010 Dodd-Frank Wall Street reform law. The Securities and Exchange Commission voted unanimously […]

Guardian – The British financial services industry spent £92m last year lobbying ­politicians and regulators in an “economic war of attrition” that has secured a string of policy victories. As the industry prepares to fight off renewed calls for root-and-branch reform in […]

Bloomberg – One of the things Sean Healey missed most when he left Goldman Sachs Group Inc. in 1995 was his business card. Flashing it was a surefire way to convince people of his credentials. “People would say, ‘Oh, you must […]

Bloomberg – Citigroup Inc. (C) is seeking to raise money for a new hedge fund without putting its own cash into the venture, in a test of investors’ willingness to buy in when the bank isn’t sharing risk, said two […]

Reuters – Hedge funds and other big commodity investors pumped a notional $13 billion into U.S. energy, grains and metals markets in the week to July 3, the biggest influx in at least two years, after a debt deal in […]