Financial Post – The ability to move both with and against all types of financial markets is helping hedge funds limit the damage from this month’s sell-off. The hedge fund composite index fell 3.45% this month through August 24 to […]

Reuters – More and more U.S. pension plans are investing in hedge funds, even though the plans’ administrators struggle to understand what is in the funds or their true exposure to risk, a federal auditor said on Wednesday. As companies […]

WSJ —Pacific Investment Management Co., the big money manager founded by Bill Gross, is wooing investors with a new bond fund that aims to provide returns in any market environment with a broad range of fixed-income strategies. With many investors suffering […]

Forbes – David Simon, a well-known New York risk arbitrager, directed his $100 million hedge fund firm, Twin Capital Management, to sue his wife and her divorce lawyers, claiming they hacked into Simon’s computer to get their hands on the […]

Bloomberg – Former Galleon Group LLC hedge fund trader Craig Drimal was sentenced to 5 1/2 years in prison after admitting his part in an insider-trading scheme that stretched from technology firms to pharmaceutical companies. Drimal, 55, pleaded guilty in April […]

Dow Jones – The Securities and Exchange Commission said the assets of a Chicago-area money manager and his hedge fund were frozen, a move that stems from allegations they lied to prospective investors in their start-up quantitative hedge fund. The […]

Reuters – Hedge fund Diamondback Capital Management, which had been embroiled in the government’s insider trading case, has agreed to pay back roughly $1 million to settle an insider trading case, according to a court filing released on Wednesday. The […]

South Florida Business Journal – The trustee overseeing the bankruptcy of Ponzi schemer Scott Rothstein’s law firm filed a new lawsuit Monday against executives of three hedge funds that invested in Rothstein’s fraud, and their family members. The suit seeks […]

DealBook – A former salesman at a Silicon Valley research company is set to go on trial Wednesday on insider trading charges, the latest in the federal government’s sprawling investigation. Federal prosecutors have accused James Fleishman, who worked at Primary […]

Business Insider – There are new revelations regarding Alphonse “Buddy” Fletcher’s hedge fund Fletcher Asset Management and its claims to investors, according the Wall Street Journal. Pension funds claim that Fletcher promised 12% returns “guaranteed” (the manager says he meant it […]

Advanced Trading – Invictus Consulting Group, LLC announced the launch of a platform designed to allow hedge funds to conduct their own stress tests on banks. The firm said the service will give banks a clear snapshot about whether a […]

San Francisco Chronicle – Bearish bets by hedge funds on Standard & Poor’s 500 Index futures increased to the highest level since before the financial crisis three years ago, Bank of America Corp.’s Mary Ann Bartels said. “Readings are a […]