Business Report – With a rising interest rate cycle appearing increasingly likely, South Africans invested in fixed interest funds should look to diversify their portfolios, as this environment typically has a deteriorating effect on bond prices and bond portfolios. According […]

StamfordAdvocate – Hedge funds reduced bullish bets on natural gas the most in four months after a larger-than-normal increase in U.S. stockpiles prompted speculation that record output will overwhelm demand for the power-plant fuel. The funds and other large investors cut […]

Bloomberg – Kirsten Gosvig’s pension fund bought a $485 million stake in Denmark’s largest offshore wind-power project, an investment that’s forecast to earn at least twice the average historical return of hedge funds. PKA Ltd., which manages retirement money for the […]

Bermuda Gazette – Bermuda-based Kingate Management Ltd had just three employees purportedly running an operation that fed $1.7 billion to con man Bernard Madoff’s company in New York and racked up hundreds of millions of dollars in fees. More light […]

AJC – An Atlanta business man has been indicted in a Ponzi scheme that could reveal $7 million when the case is done. Charles Michael Vaughn was accused last week in federal court of tricking 25 people in Georgia, Tennessee, […]

CSNBC – Kirsten Gosvig’s pension fund bought a $485 million stake in Denmark’s largest offshore wind-power project, an investment that’s forecast to earn at least twice the average historical return of hedge funds. PKA Ltd., which manages retirement money for the […]

CNBC – Last Thursday, Senator Carl Levin called the tax treatment of carried interest “the unconscionable tax break given to hedge-fund managers.” This is the latest demonstration of how the debate over how to tax hedge fund managers is increasingly […]

Reuters – The first half of 2011 has been humbling for many of the $2 trillion (1.2 trillion pounds) hedge fund industry’s biggest stars, with the likes of John Paulson, David Einhorn, and Louis Bacon losing money for their investors’ […]

CBS Atlanta – A 42-year-old Atlanta man made an initial appearance Thursday before a United States Magistrate Judge after being indicted by a federal grand jury on charges of wire fraud and mail fraud arising from a $7 million Ponzi scheme. […]

NYT – The New York Times Company said on Friday that it had sold more than half of its minority ownership in the Boston Red Sox and several other sports properties. The company sold 390 of the 700 Class B […]

DealBook – Far from Wall Street, few have ever heard of Robert T. Discolo. But in the world of hedge funds, Mr. Discolo is one popular guy. He oversees a seeding fund at PineBridge Investments, which means he provides cash […]

The Australian – Trio Capital chief executive Rex Phillpott — a former assistant commissioner at the Australian Taxation Office — has agreed to a 15-year ban from acting as a director or working in any role in the financial services […]