AP –  One of Yahoo’s major investors is urging shareholders to vote its four nominees on to the company’s board, launching a potentially nasty fight to transform its direction. Hedge fund Third Point, which has a 5.8% stake in Yahoo (YHOO), […]

Forbes – Bernie Madoff hated e-mail. He rarely used it at his high-tech Wall Street trading firm. When others did, he fretted about the trail it left behind. He wasn’t crazy about letters, either. A staffer had standing orders to […]

Columbia Journalism Review –  Millions of dollars have flowed to journalists in speaking fees in recent years. Is this a scandal, a dark and an indelible stain on journalism, or really not such a big deal? What does Wall Street, […]

Reuters – JP Morgan Chase is closing the Vatican bank’s account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See’s financial institution, Italian newspapers reported. The move is a […]

Bloomberg – The $162 million settlement that resolves claims by the liquidator of Bernard Madoff’s firm against the owners of the New York Mets won’t require them to pay any money for at least four years, if ever. U.S. District Judge Jed Rakoff […]

Financial Adviser – The Securities and Exchange Commission (SEC) has charged a San Francisco-area investment advisor with defrauding investors by placing their investments in his own personal account and by giving them a bogus audit report that embellished the financial […]

Hedge Funds Review – Fintan Partners has asked a New York court to enforce redemption terms in a side-letter agreement as investors lose patience with suspended hedge funds and in particular Medley Opportunity Fund. Fund of hedge funds (FoHF) manager Fintan […]

JD – Earlier this month, in Absolute Activist Value Master Fund Ltd. et al. v. Ficeto et al., 11-cv-0221 (2d Cir. Mar. 1, 2012), the Court of Appeals for the Second Circuit affirmed the dismissal of a $200M fraud case brought […]

Chicago Tribune – A good deal of the recent flight from U.S. Treasuries has been driven by hedge fund selling, according to a Wall Street analyst. Hedge funds and other large investors sold 78 percent of their holdings of 2-year […]

TMZ – Man Group’s chief executive has missed out on incentive payments of around $US23 million ($NZ27m), the company’ accounts showed, as clients pulled their cash out of the world’s largest listed hedge fund firm during the financial crisis. Peter […]

The Daily Star – Bahrain investment house Arcapita became the first Gulf entity to file for Chapter 11 bankruptcy protection in the United States, after it was threatened with legal action if it did not repay a hedge fund in full, […]

Forbes – Remember Ray Dalio? The man who runs the $80 billion Bridgewater Hedge Fund was recently profiled in Forbes. And I told you that Dalio is also a fan of Jennifer Lopez–he funds her charity–and a heavy contributor to […]