Irish Independent More than 40 mainly US hedge funds are now involved in the crunch talks over the €1.3bn of debts at Quinn Group, but so far they have tabled no demand for shares in the Sean Quinn-owned company. Some of the […]

Bloomberg – The University of Pennsylvania, the Ivy League school founded by Benjamin Franklin, outperformed its wealthiest peers by avoiding many hard-to-sell assets such as real estate, former committee Chairman Howard Marks said. Penn held less in private equity and property, more […]

NY Daily News – A French doctor was charged with engaging in insider trading for using his position as an adviser for a liver disease drug test to save a hedge fund $30 million. Yves Benhamou, 50, was the “quintessential […]

Bloomberg – Rory Dickson, previously a research head at Arisaig Partners, and Damian Kestel, formerly of CLSA Asia-Pacific Markets, have teamed up with Coupland Cardiff Asset Management to start an Asian consumer-related fund. The managers’ CC Asian Evolution Fund, which will invest […]

Barrons – Hedge fund manager Och-Ziff Capital Management reported Tuesday that its third-quarter loss widened despite growth in assets under management. Still, the company’s stock was up 2.28% in early trading, or 34 cents, to $15.22 a share. Read Complete […]

Reuters – The battle to be the top dog in the lucrative business of clearing trades and lending money to hedge funds is heating up as a handful of U.S. and European banks are intensifying their push into the space. […]

Denver Post – Cherry Hills Village hedge-fund manager Sean Mueller faces up to 40 years in prison for running a $70 million Ponzi scheme that lured wealthy Denver-area investors, including former Denver Bronco John Elway. Shackled, cuffed and clad in […]

Reuters – Hedge fund GLC said equities are its preferred bet in light of recent moves by central banks and governments to limit currency appreciation. “It’s a tricky period,” Steven Bell, co-manager of the $485 million GLC Global Macro fund, […]

ABC News – Wall Street bank JPMorgan Chase & Co. confirmed Monday that federal regulators are investigating whether it allowed a hedge fund to improperly choose assets for a $1.1 billion mortgage securities deal. A JPMorgan spokeswoman said the bank […]

BizJournal – Hedge funds have had it lucky in recent years. These private partnerships for the well-off came through the financial crisis in better shape than other institutions, and a predicted mass implosion of hedge funds never materialized. Indeed, some […]

Bloomberg – DragonBack Capital Ltd., a Hong Kong- based hedge-fund firm which managed as much as $600 million at its peak, has held talks with more than 30 managers to provide support services as it seeks other business after closing […]

CityWire – Cazenove Capital is to re-open Paul Marriage’s Absolute UK Dynamic strategy after a turbulent period of performance and the departure of co-manager Neil Pegrum (pictured). A spokesperson for Cazenove Capital said there is around £60 million in spare […]