NJ.com – The chief investment officer and portfolio manager of a Summit-based hedge fund was sentenced yesterday to a year in prison for his role in an insider trading scheme that authorities say netted him more than $2.5 million in […]

Bloomberg – Louis Moore Bacon built Moore Capital Management LLC into one of the biggest and most successful hedge funds over more than two decades. His record investing in startups run by former traders is less stellar. Salute Capital Management, […]

Mail Online – Arthur Nadel, a former Florida fund manager dubbed a “mini-Madoff” for defrauding investors out of $168 million, has died in prison at the age of 80, a spokesman for the Federal Bureau of Prisons said on Tuesday. […]

Reuters – Large institutional investors who have ploughed tens of billions of dollars into hedge funds may rethink their allocations if the industry performs poorly yet again this year, one large U.S.-based investor said. Christopher Vogt, global head of hedge […]

Opalesque – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published detailed analysis of the European Commission’s draft implementing rules for the Alternative Investment Fund Managers Directive (AIFMD) which shows substantial policy differences between the […]

HedgeWorld  – U.S. prosecutors have added a new insider trading allegation against Rajat Gupta, a former director of Goldman Sachs Group Inc. and Procter & Gamble Co. charged with illegally tipping his former friend Raj Rajaratnam, the convicted founder of […]

Reuters – Ex-Wall Street bankers are betting science can exploit opportunities in China’s often rumor-driven stock market, with some predicting the quant-driven fund industry to grow by as much as 10-fold to 100 billion yuan within a few short years. […]

NYT – Senate Republicans on Monday blocked a move to open debate on the so-called Buffett Rule, ensuring that a measure pressed for months by President Obama and Senate Democrats to ensure that the superrich pay a tax rate of […]

Reuters – Barney Frank and 16 other Democrats in the House of Representatives have filed a friend-of-the-court brief in defense of a new rule curbing speculation in the commodities market that has been challenged by a financial industry lawsuit. The […]

Bloomberg – Swiss lawmakers are considering proposals to tighten regulations on hedge funds and other asset managers that will align the Alpine nation with draft European union rules. The amendment to an act on collective investments will be debated by both chambers […]

Reuters – Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open. The shift comes as prime […]

Investment Europe – Hedge fund allocators were right last year in deciding to funnel more money to firms with $1bn or more – dubbed the ‘Billion Dollar Club’ – but this year the higher exposure of smaller funds to rising […]