WSJ – The Securities and Exchange Commission accused NIR Group LLC’s Corey Ribotsky of fraud, alleging that the Long Island, N.Y., hedge-fund manager and his firm hid losses and spent investors’ money on cars, a Rolex watch and other luxuries. […]

Bloomberg – Pacific Investment Management Co. named Jennifer Bridwell head of alternatives product development as the firm expands hedge funds and distressed-debt strategies. Bridwell was previously head of mortgage strategies development at Newport Beach, California-based Pimco, where she has worked […]

NYT – Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, […]

MarketWatch – The hedge fund industry is braced for a new round of redemptions after two months of poor performance and growing investor desire to move money into cash. The world’s largest listed hedge-fund manager, Man Group PLC , stoked […]

The Globe And Mail – On Wednesday, we looked at the stocks that most often pop up at the top of the biggest holdings of the 50 largest U.S. mutual funds. Today, we turn our attention to the most popular […]

CNBC – “In the spirit of one of the Navy SEAL Foundation mantra, ‘all in…all the time,’ prominent money manager Daniel Loeb, Founder and CEO of Third Point LLC, challenges three Navy SEAL Foundation Directors, all former SEALs, to run […]

Business Spectator – Australia’s banking fraternity will be feeling a lot more relaxed today after Canberra backed away from changes that would make it much easier for troubled companies to keep trading. At present, there’s very little incentive for directors […]

Telegraph – “Robust” was the word the 51-year-old marathon enthusiast came up with for the company’s capital and liquidity position – despite the news that investors had withdrawn $2.6bn (£1.6bn) of the group’s funds since June 30. But the shares […]

Dow Jones – Hedge fund leverage, as measured by margin debt on the New York Stock Exchange, declined in August by the most in a single month since November 2008, as managers cut their exposure to the markets amidst a […]

CPI Financial – Emirates NBD Asset Management joins forces with Man to give a four year old Islamic hedge fund another go. $20 million fund of funds hoping to reach $100 million in size within a year. Emirates NBD Asset […]

eFinancial Careers – This hasn’t really to plan; Man Group bought GLG Partners last year to diversify its revenue streams and reduce its reliance on its flagship AHL fund, but it’s the new acquisition that’s leaking assets. There’s reason to […]

Reuters) – Four hedge funds appealed on Tuesday a ruling in the Washington Mutual Inc bankruptcy that found viable claims they had engaged in insider trading, an opinion one fund called a “gross injustice.” The hedge funds sought an expedited […]