Reuters – Massachusetts, already a big investor with hedge funds, hired 10 more managers on Tuesday as part of its push into direct investments with these types of portfolios. Trustees for the $48 billion (31 billion pounds) state pension fund […]

Reuters – Some of the hedge fund industry’s best-known “macro” hedge fund managers — celebrated for shrewd bets on global economic events — are struggling this year to generate returns befitting their star status. In a 2011 littered with market-moving […]

Compliancy – In an unusual event for the financial services, a poetry prize nominee has withdrawn her book from the competition because of the hedge fund sponsoring it, it has been reported. Alice Oswald decided to pull her book Memorial out […]

The Motley Fool – Last week President Obama announced a new goal to provide HIV/AIDS treatment to 6 million people worldwide by 2013, up from an earlier goal of 4 million people. “We can beat this disease. We can win […]

BBC – Disgraced hedge fund founder Raj Rajaratnam has arrived at a federal prison to begin serving the longest-ever sentence for insider trading. Rajaratnam, who was sentenced to 11 years in jail, reported to a facility in Massachusetts. He was fined […]

Bloomberg – Hedge funds retreated from bearish oil bets as rising tension with Iran, OPEC’s second-largest producer, pushed crude to more than $100 a barrel. The funds and other large speculators increased wagers on rising prices by 2.6 percent in […]

Reuters – As November performance numbers roll in it is clear John Paulson will go down as the hedge fund industry’s biggest and best-known loser in 2011. Despite notching some gains in October as the market rallied, his fund Paulson […]

Dec. 5 (Bloomberg) — What should we make of the revelation last week — courtesy of Richard Teitelbaum and Bloomberg Markets magazine — that in July 2008 Treasury Secretary Henry Paulson shared some confidential musings with a group of plugged-in […]

Reuters – Singapore’s $53 billion hedge fund industry is set for a shakeout as the city-state’s planned new regulations are expected to raise costs for scores of already stretched smaller funds, threatening their survival. The move would represent a partial […]

Dow Jones – Prosecutors in Manhattan alleged that Michael Balboa, a former managing director at London’s Millennium Global Investments, directed two others to substantially inflate the prices for some debt held by the Millennium Global Emerging Credit Fund between January […]

DealBook – Financial regulators have long relied on outsiders to generate tips about potential fraud at hedge funds: disgruntled employees, news reports and disillusioned investors. Now, the Securities and Exchange Commission is ferreting out wrongdoing in a new way — […]