Reuters – U.S. prosecutors are investigating David Loeb, a managing director of Goldman Sachs Group, as part of an insider-trading probe focusing on the company’s hedge-fund clients, a person familiar with the case said on Wednesday. Loeb works with technology […]

CNN – The FBI on Monday unveiled a videotaped message from the actor who played the infamous fictional insider trader Gordon Gekko to help bolster a wide-ranging attack on financial crimes. At an FBI headquarters briefing on the stepped-up fight […]

Baltimore Sun – Bridgewater Associates, the world’s biggest hedge fund, handed clients $13.8 billion last year, catapulting founder Ray Dalio above long-time rivals such as George Soros and John Paulson as the industry’s biggest money maker in 2011, research showed. Bridgewater’s flagship Pure Alpha […]

Reuters – Bold merger arbitrage funds are set to enjoy rich pickings this year amidst a rebound in M&A activity, helped by the reluctance of many investors to trade complex deals after last year’s choppy markets, says hedge fund firm […]

CNBC – Last year was one of the worst on record for hedge funds, but the industry appears to be shrugging off the bad times. According to Deutsche Bank’s latest Alternative Investment Survey, hedge fund assets are expected to rise […]

Bloomberg – On the lengthy list of things Dan Zwirn has lost, a few items jump out. There’s the $17 million condo on Central Park South, the summer place in Quogue, New York, and the $18 million Gulfstream IV jet. Then there’s D.B. […]

Proactive Investor UK – Healthcare Locums lost a fifth of its value in early trade after revealing that an American hedge fund has filed proceedings against the recruitment firm. The proceedings have been filed by Permian Master Fund, Permian Investments […]

Advanced Trading – Today’s American mafia bears little resemblance to the shadowy, fearsome organization that captured the nation’s imagination throughout the 20th century. During the 1980s and early 1990s, crime bosses like John Gotti, Vincent “The Chin” Gigante, and Paul […]

FBI – The founder of a $7 billion hedge fund is convicted of insider trading. A drug company pleads guilty to making and selling unsafe prescription drugs to Americans. The head of a financial company admits scamming distressed homeowners who […]

The Oklahoman – A former hedge fund manager has been sentenced to an additional 15 months in prison for money laundering. Mark S. Trimble already is serving a 10-year sentence for diverting investor funds into his own account. The latest case […]

Bloomberg – Iran’s pledge to halt oil sales to France and Britain combined with faster U.S. economic growth and Greece’s bailout sent bullish bets on crude futures to the highest levels in about 10 months and prices above $109 a […]

Reuters – The FBI says it has enough informants lined up to keep its investigations of suspected illegal insider trading at hedge funds going for at least five more years. In a briefing on Monday with reporters at the New […]