Reuters – Goldman Sachs is close to signing a deal to sell its hedge fund administration business to U.S. bank State Street Corp, a source familiar with the situation said, the latest deal in a sector enjoying growing demand for its […]

TribLive – Two American hedge funds, Absaroka Capital Management LLC and EOS Holdings LLC,  reported their researchers in China were arrested and/or threatened with death by thugs, police or both. The status of the Absaroka researchers is uncertain; three EOS […]

Slate – Hedge fund billionaire Paul Singer is one of the country’s most important Republican donors. The 67-year-old is also a big supporter of gay rights, giving more than $10 million of his own money to equal rights causes across […]

Guardian – The Swiss investment bank UBS may have lost as much as $350m (£226m) during Facebook’s flawed flotation last month, according to reports. In a statement the bank acknowledged making losses on the initial public offering (IPO) but declined to specify […]

Ct Post – The U.S. Securities and Exchange Commission’s asset management unit has named two new deputies to help manage investigations into possible misconduct at hedge funds and private equity firms. Julie Riewe and Marshall Sprung, who have both worked in the 75-person […]

The Denver Post – John Paulson, the hedge-fund manager who scored billions betting against subprime mortgages in 2008, has just purchased the biggest house in the neighborhood. For $49 million, he gets the palatial Aspen home of Saudi Prince Bandar bin […]

Investment Europe – Appetite for hedge funds may be returning after years of being the black sheep of the asset management industry, says Momentum Global Investment Management. After the collapse of Lehman Brothers, and since 2008, the industry has endured […]

Reuters – May’s stock market rout dealt a blow to many on Wall Street including several big hedge fund stars whose bets on prominent U.S. companies looked badly timed. Even William Ackman and Daniel Loeb, two of the $2 trillion […]

Bloomberg – Landlords in Mayfair and St. James’s, two of London’s most expensive neighborhoods, are exploiting a shrinking supply of new or refurbished office space to charge hedge funds and financial firms the highest rents in three years. Offices are […]

Telegraph – Ferraris, Dom Perignon and the Cote d’Azur are the typical trappings of millionaire hedge fund managers. As a rule, pigs don’t get much of a look in. But Luke Ellis, the man many are tipping to be Man […]

Bloomberg – After working for almost two decades as a money manager, Britt Harris at age 45 was what most people would consider a success. Bridgewater Associates LP’s Ray Dalio and Bob Prince had just tapped him to be chief […]

BusinessWeek – Hedge funds fell 2.9 percent in May, their worst month since September, as stocks slumped on concern Greece may exit the euro and the global economy is weakening. The decline was driven by long-short equity, multistrategy and global […]