BusinessWeek – 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 Court […]

Reuters – Goldman Sachs Group Inc lost an appeal on Tuesday against a $20.6 million arbitration award won by creditors of bankrupt hedge fund Bayou Group. Goldman had argued the arbitration panel disregarded the law in handing Bayou investors a […]

Reuters – A federal district judge on Tuesday [July 3] delivered a blow to the victims of Allen Stanford’s $7 billion Ponzi scheme, rejecting a request for an industry-backed fund to start a court proceeding that could lead to victim […]

Opalesque Asia – The hedge fund industry came out strong towards the end of June as the industry, particularly risk assets, rallied strongly on the positive news from the EU summit, according to GAMs “Insight Hedge Fund Performance in Q2.” According to […]

Reuters – London-based hedge fund firm Cube Capital has sold positions in bank debt and stocks during the market rally of recent weeks, betting that prices will fall back again as the euro zone’s ongoing debt crisis continues to drive […]

CFA – Korea-style hedge funds and prime brokers had been a popular topic within Korean financial circles long before their launch in December 2011. In mid-June, the subject become the talk of the town as two conferences that focused on Korean […]

Bloomberg – Fletcher International Ltd., a hedge fund managed by the investment firm of Alphonse “Buddy” Fletcher, sued to block Cayman Islands-appointed liquidators from selling off its assets, after having filed for bankruptcy. The lawsuit, filed in U.S. Bankruptcy Court […]

Bloomberg – Andrew Feldstein, who bet against JPMorgan Chase & Co. (JPM) before helping the bank unwind more than $20 billion of trades, has emerged as one of the biggest winners among hedge-fund managers profiting from a flawed strategy. The […]

Pensions & Investments – Cube Capital on Monday opened its Global Opportunities hedge fund to outside investors, confirmed Meglena Petkova, a spokeswoman. Cube Capital has been running the event-driven fund for three years with a combined $100 million from its […]

Investing Daily – Investors are worried that the global economy could soon be headed for another recession, and those fears have once again inspired a “risk-off” mentality in the markets. Anxious investors are increasingly looking for ways to insulate their […]

Bloomberg  – Hedge funds lifted their bullish commodity bets for a third week, just before a European agreement to contain the region’s debt crisis spurred the biggest rally in raw-material prices in three years. Money managers increased their combined net-long positions […]

Reuters – Large hedge funds increased their bets against the euro last week as investors viewed the two-day European Union summit in Brussels with skepticism. The funds boosted their short position against euro futures to $20 billion in the latest […]