Investment Week – Odey Asset Management is preparing to launch a hedge fund for macro strategist Tim Bond, using a similar but more aggressive process to the one he developed on the BarCap RADAR fund. Bond is running a model portfolio […]

Bloomberg – Hedge funds slashed bullish oil bets from an all-time high on concern that demand in Japan will tumble after the country’s biggest earthquake. Oil climbed as allied air strikes in Libya threatened to prolong a supply outage in North […]

Guardian – Lawyers defending the hedge fund manager in the biggest US insider-dealing trial in decades have laid into the US government’s star witness, branding him a money launderer and tax dodger who cut a plea deal to avoid criminal […]

Reuters – Asia-focused hedge fund Central Asset Investments (CAI) has cut its entire exposure to Japan, including stakes in blue-chip companies such as Canon Inc and Toyota Motor Corp , its chief executive said on Friday. Eddie Tam, whose CAI Global […]

NYT – While other investors have been getting whipsawed by the roller-coaster action in global markets since the earthquake struck Japan a week ago, there are rich pickings these days for Mr. Adler, who runs a $275 million hedge fund […]

Reuters – Hedge funds are keeping their heads down as Japan’s nuclear crisis deepens, although a handful are taking profits after some unexpected gains or positioning themselves for long-term weakness in the yen. Managers had been slowly increasing their interest […]

Reuters – The largest U.S. tax preparer H&R Block Inc said hedge fund investor Richard Breeden would step down as its chairman and director at the end of the 2011 tax season. Breeden, who owns nearly 5 percent of the […]

Bloomberg – U.S. House Democrats are looking to JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. to pick up the tab for housing programs targeted by Republican budget cuts. Representative Barney Frank of Massachusetts, the […]

Reuters – Neil Chelo’s job is to be able to tell good hedge fund managers from not-so-good ones. An investment analyst, Chelo honed his skills under the tutelage of Harry Markopolos, the forensic fraud investigator widely credited with spotting Bernie […]

City AM – Accused hedge fund manager Raj Rajaratnam did not get secrets about Advanced Micro Devices and eBay from a former high-placed friend because the information was already public, his lawyer argued at his trial yesterday. In heated exchanges […]

Bloomberg – Ruth Madoff’s account at Bank of New York Mellon Corp. (BK) received “fraudulent” transfers of at least $14 million, said the trustee liquidating her husband Bernard Madoff’s firm, who wants to “recapture” $44.8 million. Irving Picard, the trustee, said last […]

Bloomberg – The U.S. Securities and Exchange Commission’s decision to file an administrative action against ex Goldman Sachs Group Inc. (GS) director Rajat K. Gupta, instead of to sue him, is “bizarre,” the judge in a Galleon Group LLC case said. […]