Bloomberg  – Rajat K. Gupta, the former Goldman Sachs Group Inc. (GS)director accused of insider trading by U.S. regulators, took a leave of absence from New Silk Route Partners, the $1.4 billion private-equity firm he co-founded. Gupta voluntarily took the leave to […]

Boston.com – Secretary of State William F. Galvin charged a Cambridge hedge fund manager with using inside information about drug trials from a so-called expert network firm to profit on trades in pharmaceutical stocks. Galvin is looking to revoke the […]

Business Insider – Hedge fund pay has always been astounding, but few realize that it is only a handful that make over $1 billion per year. BBC recently released a report highlighting some of the most successful alternative asset managers […]

MarketWatch –  MSD Capital, the firm that invests Michael Dell’s money, raised almost $780 million for a new energy hedge fund, the second time the firm has tapped outside investors. MSD Energy Partners raised $779.86 million, according to a regulatory filing […]

Reuters – U.S. hedge fund and private equity firm Fortress Investment Group has launched a macro hedge fund focused on Asia, three sources familiar with the matter said on Thursday. The New York-based hedge fund, which opened an office in Singapore […]

LoanSafe.org  –Yesterday it was announced that 3 men were charged with multiple charges, coming from a scheme to defraud investors and creditors of Fairfield County hedge funds. The 3 men charged in the case were Francisco Illarramendi (who was a […]

Bloomberg – The federal court jury that will consider criminal charges against Galleon Group LLC co-founder Raj Rajaratnam may include a friend of David Tepper, the founder of Appaloosa Management LP. Karen Suchoff, one of the people questioned in jury selection […]

TheStreet – The Bank of America has hired Stuart Hendel as head of global prime brokerage — the area of the bank that provides loans and other services to hedge funds. The bank has also hired a new U.S. head […]

Economic Times – Hedge funds that bet on interest rates and currencies are set to profit from the economic fallout from Libya’s unfolding crisis, says HSBC Alternative Investments, which has already benefited from rising oil prices . The uprising in […]

CNBC – Can millions of random daily tweets predict movements in the Dow Jones Industrial Average? A team of U.K. traders and Indiana University academics are putting their reputations—and 25 million pounds—on the line to bet that the answer is yes. CNBC’s […]

AP – On the eve of the bull market’s second anniversary, billionaire investor Carl Icahn had an unsettling message for his investors: Take your money back. Icahn told investors in his hedge funds that he didn’t want to be responsible […]

Reuters – Some well-known business journalists are getting caught in the legal crossfire between a Canadian insurer and a group of hedge funds it accuses of betting against its shares. Last month, in a little-noticed move, Daniel Loeb, one of […]