Reuters – Convicted hedge fund tycoon Raj Rajaratnam is fighting to the last minute to convince the judge who will decide his fate next week to imprison him for far less than the 19-1/2 to 24-1/2 years demanded by prosecutors. […]

WSJ – In another sign of market participants exercising caution amid fragile market conditions, a number of hedge funds late last month tried to reduce their exposure to European banks with Credit Suisse Group using derivatives, but the Swiss dealer declined […]

BizJournals – Angry investors who’ve been trying to withdraw money from two Portland hedge funds for more than a year on Tuesday expanded their collection efforts to one of Portland’s most well respected accounting firms. In a lawsuit filed in […]

Fierce Finance – Back when the industry trading scandals were white hot, there was a little bit of Schadenfreude emanating from the algorithmic crowd. These quant-oriented funds were quick to point out that they didn’t need to scour for tidbits […]

Gold & Silver Matters – Last week, hedge funds sold off their bullion holdings in what was a monumental run to the exits. As the price of silver and gold trended higher against declines in other commodities, equities, and so-called risk […]

Investment Week – Former Gartmore fund manager Guillaume Rambourg is set to launch his own hedge fund venture in Paris, without ex-colleague Roger Guy, according to reports. Rambourg, who earlier this year was cleared by the FSA of breaking internal […]

New York Post – Convicted hedge-fund felon Raj Rajaratnam is expected to plead before a federal judge today that he doesn’t deserve to be sent to prison for 25 years — because he only made $7.5 million from his inside […]

WSJ – At a breakfast fund-raiser last year at the Liaison Capitol Hill hotel, former lobbyist Paul Equale pulled up a chair next to Sen. Richard Durbin. As they chatted, the Illinois Democrat told him about a recent breakthrough in […]

Reuters – Nimble hedge funds taking short-term bets are reaping the biggest profits from Europe’s debt crisis, as markets lurching on one policymaker’s comments to the next punish managers brave enough to take long-term positions on the eventual outcome. As the […]

Bloomberg – Algorithmic traders and quant funds are under close scrutiny from a U.S. Securities and Exchange Commission enforcement team responsible for policing hedge funds, the unit’s co-chief said at securities law forum. The SEC is “very much focused” on […]

Reuters – Nimble hedge funds taking short-term bets are reaping the biggest profits from Europe’s debt crisis, as markets lurching on one policymaker’s comments to the next punish managers brave enough to take long-term positions on the eventual outcome. As […]

SL – Earlier this year, Raj Rajaratnam, founder of the Galleon Group hedge fund, was convicted of conspiracy and securities fraud in one of the biggest insider-trading cases in the history of Wall Street. But there was another reason the […]