The Telegraph – The doorstep lender issued a positive trading update that stated that sales for the 12 weeks since the start of September were up 7pc on the same time last year and the business was on track for […]

Bloomberg – John Kinnucan’s questioning by the FBI in a broad insider-trading investigation has put the spotlight on money managers and their use of a burgeoning breed of firms selling research and access to industry experts. Kinnucan runs Broadband Research […]

Barron’s – A bid by Galleon Group hedge fund founder Raj Rajaratnam to surpress secretly recorded conversations has been rejected by a U.S. district court judge. The decision is being viewed as a major victory for prosecutors, who are charging the […]

Reuters – Hedge fund SAC Capital Advisors and mutual fund firm Janus Capital said on Tuesday they were among money managers asked to provide documents to U.S. securities regulators as part of a widening probe by federal authorities into insider […]

Investment Week – A vehicle linked to hedge fund manager John Zwaanstra, a former protégé of George Soros, has emerged as the mystery buyer of a 5% stake in Gartmore. After first identifying itself as simply United Industrial Services, the firm […]

Wall Street Pit – More breaking news from Charlie Gasparino on the insider trading investigation. Gasparino reports that sources are telling him “there is essentially a war on hedge funds” and it is the Justice Department’s plan to “set a […]

BusinessInsider – With the raids on three hedge funds yesterday, the Feds are robustly taking on insider trading. Charlie Gasparino on why this won’t do anything to rid Wall Street of miscreants. The Justice Department is saying that it’s getting […]

Bloomberg – Pictet & Cie, Switzerland’s biggest closely held private bank, is shifting more of its $10 billion hedge fund investments to newer, lesser-known managers from the largest, most established houses to boost returns. The bank may increase money invested […]

Bloomberg – U.S. health insurers can include the cost of federal taxes in determining whether they spend enough on patient care, increasing the amount that can be kept for administration or profit under new rules. Company shares rose. Health plans led […]

Business Insider – Daniel Posner, who ran the distressed securities group at DE Shaw, is leaving the fund to start his own hedge fund, says HFMWeek. Top performers are frequently spinning off from hedge funds to start their own shops, but […]

Bloomberg – Danielle Chiesi, accused with Raj Rajaratnam in the largest insider-trading case involving hedge funds, testified that U.S. agents questioned her before advising her of her right to remain silent and to seek a lawyer’s advice. Chiesi, testifying for the […]

Las Vegas Review – The first business day after Harrah’s Entertainment canceled a planned $610 million stock sale, the hedge fund controlled by billionaire John Paulson submitted paperwork to the Securities and Exchange Commission that could lead to the sale […]