The Hill – President Obama raised far more cash from hedge fund and private equity donors than any other candidate in the 2008 election cycle. According to an analysis by the nonprofit group Open Secrets, Obama took in nearly $3.5 […]

Reuters – The founder of a hedge fund was found on Tuesday to have defrauded his former partners and was ordered to pay them $35 million in a case described by one lawyer as a “mini-Madoff.” James Crombie, a one-time […]

Reuters – Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday’s [May 18] nearly flat close […]

Economic Times – “He’s not an insider trader. He never defrauded anybody. He never cheated anybody,” said a lawyer for Rajat K. Gupta, once one of America’s most prominent businessmen. “He doesn’t belong in this courtroom.” Yet there was Gupta, sitting […]

Bloomberg – It’s limbo, Japanese-style: How low can bond yields go without triggering a meltdown? This question gains urgency as 10-year government yields disappear before the world’s eyes. At 0.83 percent, the lowest level since 2003, they hardly compensate investors for […]

Forbes – Facebook‘s 10% decline today has turned the initial public offering of the century into the bust of the century, but consider this: A decade ago, the company probably would have gone public much earlier, say in May 2009 […]

Economic Times – Hedge funds reduced wagers on a rally in commodities to the lowest this year on mounting speculation that Greece will leave the euro, slowing global growth and curbing demand for everything from copper to soybeans. Money managers […]

Bloomberg – The euro has weathered the worst financial crisis since the Great Depression, bailouts of Greece, Ireland and Portugal, and falling interest rates. Now, investors are betting like never before that a Greek exit would be too much to […]

Telegraph – The Silicon Valley company will embark on its first full week as a public company, overshadowed by concerns about its lacklustre multi-billion debut on Friday. It is feared demand for the shares may also be hit by Europe’s […]

Pensions & Investments – Hedge funds are becoming more “institutionalized” as they respond to greater demands for transparency and due diligence from pension funds and other institutional clients, according to a new survey report by KPMG and the Alternative Investment Management Association. […]

Reuters – Hedge funds and other money managers liquidated more than $2 billion in gold futures over a week, trade data on Friday showed, before a forceful rebound in the precious metal potentially tripped up some of them. The majority […]

Bloomberg – Every year, the Ira Sohn foundation invites a group of esteemed money managers to present investment ideas to raise money for pediatric cancer and other children’s illnesses. And every year, those ideas are picked over by investors like jackals around […]