GFS News – With just five days to go until a deadline imposed by President Barack Obama to reach a deal on US debt, Republican and Democrat leaders are still bitterly at odds over proposed tax hikes. On Saturday, in […]

Opalesque – Hedge fund performance was down for the second month in a row, with a 1.04% loss in June according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up just 1.02%. “After eight straight […]

BusinessInsider – Ray Dalio’s Bridgewater is profiled in the New Yorker this week and among the many interesting details revealed within, there’s one reminder. Bridgewater is now managing around $100 billion. That makes his the biggest hedge fund in the world – […]

Reuters – Hedge fund firm Man Group is to buy exposure to the estates of defunct U.S. bank Lehman Brothers from funds run by its GLG unit for $355 million, in an effort to clean up the funds’ holdings and […]

Seeking Alpha – Leading hedge fund and mutual fund managers that have a long-term track record of generating high market-beating returns are slightly under-weight the biotech industry, by a factor of 1.5. However, this can easily be explained as many […]

UPI – A former hedge fund trader who pleaded guilty to criminal charges in an insider trading investigation agreed to pay $540,000 to settle U.S. civil charges. The civil settlement between the Securities and Exchange Commission and Danielle Chiesi — […]

Reuters – Fund firm F&C Asset Management faces a bill of up to 14 million pounds ($22.4 million) after losing a high court battle with two fund managers over a hedge fund joint venture laid low by the credit crisis. […]

Economic Times – Of all the casualties of Rupert Murdoch’s phone-hacking scandal, merger arbitrageurs are possibly the least deserving of sympathy. Still, hedge funds probably lost several hundred million pounds betting on the media mogul’s failed bid for British Sky […]

Telegraph – The London-listed investment house lost a High Court battle to stop the hedge fund managers triggering a legal agreement to be bought out. F&C now faces a total bill, including legal fees, of around £14m – far higher […]

CT Post – The Journal Register Co., parent of the New Haven Register, Housatonic Times and several other Connecticut newspapers, agreed Thursday to be bought by a New York hedge fund, a move that raises questions about consolidation in the […]

GOLD PRICE NEWS – The gold price climbed $9.11 to $1,553.31 Monday amid growing fears over the European sovereign debt crisis.  The price of gold rose to as high as $1,557.20 per ounce this morning, just 1.3% shy of its $1,577.40 […]

E Finance – We’ve all heard how former Goldman Sachs prop trader Morgan Sze left the firm to start up Azentus Capital Management, a Hong Kong based hedged fund, earlier this year. More recently, another prop trader has done the […]