Seeking Alpha – Ramius, a hedge fund manager trying to gain control of Cypress Bioscience, is taking its $148 million hostile bid directly to Cypress shareholders, bypassing the company’s management after it rejected a lower bid in August. San Diego-based […]

NYT – Ron Beller, the hedge fund manager whose firm, Peloton Partners, collapsed after a huge bet on subprime securities went catastrophically sour, has launched a new shingle with former Peloton colleague Manal Mehta, Financial News reported. The two have seeded […]

IFA Online – Source has listed an ETF replicating the global performance of hedge funds on the Deutsche Boerse. The fund tracks the Merrill Lynch Factor Model strategy, designed to generate performance similar to funds-of-funds, but without investing directly in […]

InvestmentWeek – Matrix is planning to launch a range of Ucits III funds, the first of which is likely to be an Eastern European equity fund with a focus on Russia. The group wants to develop a retail Ucits version […]

Telegraph – It was Hicks’s refusal to countenance an offer from Rhône, which had offered £110 million for a 40 per cent stake in the club, prompting the Royal Bank of Scotland, which holds the majority of Liverpool’s £282 million debt, […]

CityWire – Clareville Capital founder and well known hedge fund manager David Yarrow is planning to roll out a Ucits-compliant version of his established Pegasus UK long-short hedge fund. The Pegasus Ucits fund is set to launch in early October […]

CBL – Oechsle International Advisors has raised $4 million in pooled investment fund interests for two of its hedge funds – OIA Japan Fund, L.P. and OIA Asia Pacific Ex-Japan Fund, L.P. – according to SEC filings. The proceeds were […]

CNN – A flurry of bad news this summer in the U.S. hedge fund industry, including the shuttering of big name funds like Stan Druckenmiller’s Duquesne Capital Management, led to more pessimistic predictions about the future of hedge funds. Amidst […]

Reuters – Larry Petrella, a partner with Diamondback Capital Partners, is leaving the $4 billion hedge fund for a top job with Tudor Investment Corp, said people familiar with the two funds. Petrella will become director of U.S. equities for […]

Reuters – Private equity firm Carlyle Group CYL.UL may buy a stake in a hedge fund manager and is looking at raising two new debt funds as well as a $1 billion pool to buy small companies, Bloomberg said. One […]

Bloomberg – Citadel LLC is considering cutting fees on its two main funds as it attempts to attract clients during the worst climate for raising money in two decades, said two people with knowledge of the firm’s plans. The Kensington […]

Boston.com – Citadel Asset Management, the Chicago hedge fund giant, has opened a Boston office, where it’s hoping to seed a new generation of hedge fund managers. Citadel, with $11 billion under management, was founded by famous trader Kenneth Griffin, […]