Reuters – Two hedge fund founders were accused in a U.S. lawsuit of using accounting manipulation to loot $205 million in fees from Tetragon Financial Group Ltd. The complaint names Patrick Dear and Reade Griffith, who founded the hedge fund […]

Barron’s – Major League Baseball is now demanding the right to question Highbridge Principal Strategies, which has floated a $150 million loan to Dodgers owner Frank McCourt to keep the team afloat through bankruptcy proceedings. The hedgie is owned by J.P. Morgan. MLB […]

Bloomberg – Rajat Gupta, the former Goldman Sachs Group Inc. (GS) director, can proceed with a lawsuit claiming the U.S. Securities and Exchange Commission violated his rights when it filed an administrative action accusing him of passing illegal stock tips. […]

Pensions & Investments – Creating a self-regulatory organization for private fund advisers overseen by the SEC could help the agency provide better oversight of private equity and hedge fund advisers, but could also bring potential fragmentation among regulators, according to […]

Globe And Mail – Seth Klarman is considered one of the world’s money managing impresarios, a superb value investor whose record of outsized returns has given him cult status on Wall Street. What interests him now might be a surprise: rocks […]

Bloomberg – Pierre Lagrange, co-founder of GLG Partners Inc., said he favors industrial and energy stocks and is shunning banks as he opened his European equities hedge fund to retail investors. The fund, which can hold both long and short […]

All About Alpha – Innovation, or the art of creating something fresh and insightful, reinventing something that takes a product or idea forward to the next level, in some form. In reality, the term innovation is pretty old; first used […]

Hedge fund lobbyists have a blunt message for Connecticut: if you raise taxes, we’ll move. Right now Connecticut earns billions from taxes on the 200 or so hedge funds that have offices in the state. And CT Governor Dannel Malloy’s new budget […]

Dow Jones – Big-money investors such as hedge funds received more-favorable credit terms during the spring, a U.S. Federal Reserve survey said Monday. The quarterly Senior Credit Officer Opinion survey focuses on wholesale credit markets, and the findings of the […]

Investment International – Hedge funds have sharply cut back on bets and are less willing to make punts on market moves after a tough June in which turbulence over Greece’s debt crisis left managers nursing further losses. Hedge funds found […]

Reuters – Investors’ net withdrawals from hedge funds hit their highest level in nearly two years last month, data showed on Monday, as the funds struggle to make money in choppy markets dominated by fears over the eurozone’s deepening debt crisis. Net […]

Independent – The messy divorce of hedge-fund tycoons Elena Ambrosiadou and Martin Coward has become even uglier following a series of alleged revelations in a legal case in Cyprus. The couple ran IKOS Asset Management, making a £200m fortune in the […]