Bloomberg – Texas’s Permanent School Fund may hire in-house money managers to oversee its $25 billion in assets because returns are being “eaten alive” by hedge-fund fees, according to Chief Investment Officer Holland Timmins. Returns were less than 1 percent […]

Reuters – The yen was on track to post its biggest daily gain in a month against the dollar on Friday, as exporters stepped up month-end purchases and hedge funds piled in, triggering stop losses, traders said. Japanese corporates sold […]

Economic Times – Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 – a year when the average hedge fund portfolio lost 5 per cent. Against the backdrop of fear over European debt and stagnant global growth, […]

Washington Post – A Delaware bankruptcy judge on Wednesday granted Washington Mutual Inc.’s request that she consider throwing out portions of a September ruling that gave some creditors permission to pursue claims of insider trading by several hedge funds, who […]

Reuters – Several high-profile hedge fund managers are preparing to strike out on their own this year, supported by strong followings and unfazed by a year of poor industry performance that has shaken investor confidence in the $2 trillion sector. […]

ComputerWorld – Diamondback Capital Management, a large US hedge fund managing billions of dollars of assets, has settled a groundbreaking FBI case around the alleged $62 million (£40 million) insider trading of Dell and Nvidia stock. The hedge fund will […]

Advanced Trading – Since the Arab Spring turned into the Euro Summer, the capital markets have been on a roller coaster ride that has Wall Street veterans scratching their heads, investors heading for safer ground and risk-loving hedge fund managers […]

NPR – Greece is broke. But there’s no blueprint for a country to declare bankruptcy, so Greece’s creditors are sort of making things up as they go along. “You’re taking some sort of loss,” Hans Humes, of Greylock Capital Management […]

Reuters – Hedge funds are combing through the small print of Greece’s planned rescue deal with private creditors, readying a wave of potential litigation to squeeze a better payout from the country. Most bondholders face an uphill battle in wringing […]

LONDON/NEW YORK (Reuters) – U.S. hedge fund Greenlight Capital and its high-profile owner David Einhorn were fined 7.2 million pounds by Britain’s financial regulator, after the manager used inside information to sell shares in a UK pub company before a […]

So much for that big fat Greek payday. Hedge funds that in the last month or so have purchased an estimated 4 billion euros ($5.2 billion) of beaten down Greek bonds that mature on March 20 are now trying to […]