Bloomberg – Stephen Diggle, who co-founded a hedge fund that made $2.7 billion in 2007 and 2008, plans to open his personal farmland portfolio to investors and start a fund that will trade life-sciences companies. Diggle will transfer the farm […]

Economic Times – The European debt crisis roiled markets all year, producing the most volatile trading since the 2008-2009 meltdown. That is, except in one market – the euro. Fund managers that bet on a volatile, wild year of losses in the euro are paring back […]

BetaBeat – One of the reason that Bernie Madoff was able to stay undetected for so long was that he could alternatelycharm and intimidate the young SEC staffers sent to investigate his firm. In the wake of that scandal, reports the Wall […]

Telegraph – John Paulson, the American financier who made billions in the 2008 banking crisis, has been crunched in 2011 and is the most high-profile casualty. His $3.4bn Advantage Plus fund lost another 9pc in December, taking total losses to […]

Bloomberg – Hedge funds reduced bets on higher commodity prices to the lowest level since 2009 just as raw materials headed for their biggest weekly rally in two months. Money managers cut their combined net-long position across 18 U.S. futures […]

Telegraph – Kingate Global Fund and Kingate Euro Fund are taking legal action in an effort to enforce an August deal in which they claim Deutsche agreed to pay $1bn for $1.6bn of claims the two funds have made against […]

Reuters –  Juggernaut Asia Fund, set-up by former Lehman Brothers’ managing director Yashwant Bajaj, has returned 45 percent since its August 1 launch by mainly betting on equity capital market deals and shorting companies such as scandal-hit Olympus Corp. In […]

Business Insider – Hedge fund titan Phil Falcone, the founder of Harbinger Capital Partners, rejected an SEC settlement offer that would have banned him from the securities industry, the Wall Street Journal reported citing sources familiar with the situation. A ban would no doubt be […]

Bloomberg – “This is huge,” said Warren W. Traiger, a lawyer at New York-based BuckleySandler LLP who advises financial firms on fair lending. “While lenders need to be concerned about the activities of the civil-rights division of the Justice Department, […]

BusinessWeek – Brevan Howard Asset Management LLP, the hedge fund founded by Alan Howard, paid its partners as much as 128.3 million pounds ($201.3 million) in the year ending in March, a 79 percent drop from a year earlier after […]

Washington Post – Former Fannie Mae chief executive Daniel Mudd, who was charged with fraud last week by the SEC, is taking a leave of absence from his job as chief executive of hedge fund manager Fortress Investment Group, the […]

NYT – A French doctor and a California sales manager on Wednesday became the latest to be sentenced after being convicted in a recent federal crackdown on insider trading at hedge funds. Dr. Yves Benhamou was sentenced to time served […]