Boston.com – When the FBI raided three hedge funds last month, Massachusetts pension officials weren’t immediately sure if they had a problem. By the end of the day, they knew they potentially did: The pension fund had nearly $66 million […]

BusinessDay – Sallies, a fluorspar miner listed on the JSE, has announced that Maghreb Minerals has bought US-based Firebird Global Master funds’ 66.9% stake in the local company. Maghreb Minerals is listed on the London Stock Exchange while Firebird is […]

PhillyInc – A Bucks County-based hedge-fund manager has attracted the eye and capital of Goldman Sachs Group Inc. Mount Lucas Management Corp., with $1.8 billion under management, said Monday that Goldman Sachs’ Petershill Offshore Fund L.P. will acquire a passive […]

Courthouse News Services – A chiropractor, six cronies and an investment firm duped investors out of $34 million by bankrupting two hedge funds and skimming more than $16 million off the top, the SEC says. The men “looted and bankrupted […]

Pensions & Investments – One of the hedge fund industry’s veteran managers, Farallon Capital Management LLC, received a rash of redemption requests from institutional investors for its flagship multistrategy approach this fall even as it raised $750 million for a […]

Free Press – Detroit’s two public pensions have reported losses of more than $480 million in risky investments, from hedge funds and vacant land in Texas and Hawaii, to a Detroit office tower and a Pittsburgh casino. The losses, all […]

Reuters – British hedgefund firm 36 South Capital Management plans to move its funds to Ireland to cut costs, providing a boost to the troubled country after its 85 billion euro ($112 billion) bailout. The firm, which manages around $130 […]

Hedge Funds Review – Malta’s ambition to be a leading domicile and service provider to the hedge fund industry is being realised as strong growth in the fund registrations and service providers increases in 2010. Lawrence Gonzi, Malta’s prime minister talks […]

The Street – Derwent Capital Markets, a London-based hedge fund, plans to track Twitter activity to judge the mood of the stock market. Recent research suggests that Twitter can be used to predict movements in the stock market as key […]

Dallas News – A small Dallas hedge fund firm is suing three Chicago-based trading companies, including hedge fund giant Citadel, for losses sustained during the “flash crash” on May 6. GovPlus Master Fund LP and GovPlus Fund AI LP, which are […]

Reuters – Taiwan Semiconductor Manufacturing Co (TSMC) on Friday fired a US-based manager, a Sri Lankan man, who had been arrested on charges of leaking confidential information, with the world’s biggest contract chipmaker saying he had violated company policies. Manosha […]

DailyCamera.com – Alleging the firm was “little more than a marketing arm of (Bernie) Madoff,” the Boulder-based Agile Group is suing the investment group to which it lost millions of its clients’ money. Earlier this month, Agile Group, as well as […]