International Business Times – Apple is hoarding $76 billion in cash. George Soros’ hedge fund (run by Keith Anderson) is nearly holding $20 billion in cash, or 75 percent of the assets under management, reported Bloomberg, citing unnamed sources. Combined, […]

Institutional CEO – Hedge fund net assets have reached a record level of $2.04 trillion, according to data from Hedge Fund Research (HFR). Meanwhile, the firm found that investors put $30 billion in new money into hedge funds during the […]

BBC – Danielle Chiesi, a former Bear Stearns hedge fund trader said to have used her charms to gain insider tips from company executives, has been jailed. Chiesi, 45, was handed a two-and-a-half year sentence after pleading guilty in New […]

BusinessWeek – Twenty-four new hedge funds in Asia raised $2.86 billion in the first half of 2011, more than double the preceding six months as the average startup size surged, an AsiaHedge New Funds Survey showed. The amount raised compares with […]

Bloomberg – Jeffrey Gundlach’s hedge fund has gained 28 percent since its Sept. 1 start, driven by bets on mortgage-backed securities, according to an investor briefed on the returns. The DoubleLine Opportunistic Income Fund, which invests in fixed-income securities, is […]

Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities. Dan Gropper of Aurelius Capital Management testified Monday that Aurelius […]

Opalesque – Investors continued to allocate new capital to hedge funds through and despite the volatile performance environment in 2Q11, as new allocations to the hedge fund industry totaled nearly $30 billion in 2Q11, according to data released today by […]

Reuters – South Korea’s $46 billion sovereign wealth fund aims to expand alternative investments in areas like commodities and private equity, its new chief executive said on Tuesday, pledging to strengthen ties with foreign private equity and pension funds. Korea […]

Investment Week – George Soros’ $25.5.bn Quantum Endowment hedge fund is sitting on 75% cash after the portfolio pulled back from the market following a 6% loss last year, Bloomberg reports. Fund manager Keith Anderson has decided to step back […]

Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities. Dan Gropper of Aurelius Capital Management testified Monday that Aurelius […]

Bloomberg – Michael Cardillo, who pleaded guilty in the Galleon Group LLC hedge-fund insider trading case, was ordered to pay more than $68,000 as part of a U.S. Securities and Exchange Commission suit. Cardillo pleaded guilty in January to securities fraud […]

The Lawyer – Independent directorships for hedge funds are in the spotlight as investors express concerns about governance. One of the last real operational areas of concern in the world of offshore hedge funds has to be the issue of […]