Bloomberg  – Galleon Group LLC co-founder Raj Rajaratnam’s fate rests with jurors including a retired bookkeeper, a nurse and a customer-service representative for the New York subway system, as the panel is scheduled for a second day of deliberations in […]

LA Times – In an unusual move, the Securities and Exchange Commission has temporarily shut down a Beverly Hills hedge fund and wealth management business — which allegedly sought to defraud investors — before anyone actually invested. Elijah Bang and […]

AP – The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a one-time billionaire hedge fund boss, have given jurors a sometimes colorful dose of the go-big-or-go-home mentality at Wall Street firms. Now the jury must […]

Times Live – The Treasury has decided to allow institutional and retail investors to invest up to 10% of their assets in hedge funds. Previously, hedge-fund investments had to slot into a meagre 2.5% allocation for a collection of “alternative” […]

Florida Times – Jacksonville’s City Council could vote Tuesday to let the city’s main pension system make hedge fund investments and other deals the city used to consider too risky. Backers say they’re asking now because those deals are safer […]

CityWire – Absolute return funds continue to garner assets at a rapid rate and many wealth managers now actually favour Ucits III portfolios over the traditional offshore hedge funds they are so often designed to mirror. With so much uncertainty […]

Bloomberg – Hedge funds increased bullish bets on natural gas for the sixth time in seven weeks as a drop in U.S. nuclear power output to the lowest level in more than four years raised speculation that utilities will boost […]

Reuters – Bernard Madoff, the architect of history’s biggest Ponzi scheme — and Gary Ridgway – the Green River killer — would seem to have little in common aside from being branded as “monsters” in the tabloids.  But a team […]

Boston Globe – Secretary of State William F. Galvin proposed new regulation yesterday to crack down on hedge funds that use so-called expert networks to illegally obtain information on companies for stock trades. Under the new rule, the Massachusetts Securities […]

Bloomberg – Go Horiuchi, a former trader at Nomura Holdings Inc. (8604), led a 5 percent return with his hedge fund that invests in Nikkei 225 Stock Average options in March, weathering losses caused from Japan’s record earthquake. The Developed Asia Gamma […]

AP – A former associate of fallen Minnesota businessman Tom Petters and two hedge fund managers were indicted Wednesday in federal court on fraud charges. Frank Vennes, David Harrold and Bruce Prevost were each charged with four counts of securities […]

Bloomberg – John W. Henry, founder of futures trader John W. Henry & Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years […]