Bloomberg – Symphony Financial Partners, co- founded by an ex-Goldman Sachs Group Inc. trader in 2003, is seeking $1 billion from investors after its Japan-focused hedge fund returned more than four times its peers. David Baran, co-chief executive officer of […]

Reuters – A rush by hedge funds to go short of troubled Bankia in recent months has been stymied by a shortage of stock, limiting their gains from the Spanish bank’s collapsing share price. Shortsellers borrow shares they expect to drop […]

The Telegraph – Alberto Micalizzi, chief executive of London-based Dynamic Decisions Capital Management (DDCM), was yesterday handed the fine by the Financial Services Authority. The regulator accused Mr Micalizzi of lying repeatedly to investors after DDCM lost more than $390m […]

Reuters – Hedge funds are piling into bets against the bonds of core euro zone countries like Germany and France, signalling a growing fear that nations once considered safe havens could be dragged down by the crisis in peripheral states like […]

The Motley Fool – Earlier this month, Warren Buffett bought some newspaper titles through his holding company, Berkshire Hathaway. This surprised many people, both inside and outside the industry, because the newspaper business isn’t what it used to be. During […]

Times Herald-Record – A local artist and filmmaker put $4 million into a Manhattan hedge fund — a sophisticated, mostly unregulated investment — and is now at the center of a controversial bankruptcy case. In 2008, Lili Schad of the hamlet […]

Reuters – Regulators have charged a New York fund manager who was running an $11-million Ponzi scheme, federal court filings showed. The U.S. Securities and Exchange Commission charged Jason Konior with defrauding investors by promising to match their investments in his fund […]

BusinessWeek – Eric Packer is 28 and a hedge-fund multibillionaire. He spends his days in a stretch limo, consulting geeks and gurus, undergoing medical checkups, and entertaining women. Packer is the hero of David Cronenberg’s “Cosmopolis,” an adaptation of the […]

Opalesque – Hedge funds and several foreign institutional investors (FIIs) have packed up their bags and left India on concerns over the proposed tax rules that India plans to implement that could impact on their investments. According to a report […]

Reuters – A private detective working for Rupert Murdoch’s British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran up at one of London’s swankest hotels, records reviewed by Reuters show. A […]

Investment UK – The only dedicated ‘Twitter’ hedge fund, Derwent Capital Markets’ Absolute Return fund, has shut down just a month after opening. This was even though it made a return of 1.86% in that single month, more than the […]

Bloomberg – U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. without recommending enforcement action against the firm or its former executives, according to an excerpt of an internal agency […]