Boston Globe – Harvard University’s endowment climbed 11 percent for the year ended June 30, adding $1.4 billion to the school’s wealth but underperforming other large funds and the stock market. The nation’s largest endowment, with $27.4 billion in assets, […]

Connecticut – An executive at a Ridgefield hedge fund is accused of diversifying her investments and dabbling in the illegal world of marijuana farming. Tara Bryson, 36, and her boyfriend, Michael Hearl, 38, were arrested in July and police seized more […]

Bloomberg – Goldman Sachs Group Inc., which agreed to pay $550 million in July to settle a U.S. regulator’s fraud lawsuit, will pay a separate fine to the U.K.’s Financial Services Authority, said a person briefed on the FSA’s decision. […]

Reuters – The European Union will again delay voting on regulation aimed at giving foreign hedge funds a single license to operate in Europe due to disagreement over the move, a senior lawmaker said on Wednesday. Jean-Paul Gauzes, the French […]

MarketWatch – As Goldman Sachs Group winds down its Principal Strategies group, the firm will be shutting a business that’s produced some of the most successful hedge fund managers in the world. Goldman is responding to a new financial law […]

Bloomberg – Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, according to a Zurich University study. There are 125 single-manager hedge funds in Switzerland managing […]

WSJ – In Six Flags Inc.’s bankruptcy case last fall, a hedge fund that owned senior bonds negotiated the theme-park company’s reorganization plan, then dumped lower-ranking bonds it figured would lose value under the deal. Other creditors cried foul. The hedge […]

Bloomberg – The U.S. Federal Reserve would risk its credibility with a second round of asset purchases because such a measure may have little impact on economic growth, said Colm O’Shea, the London-based hedge fund manager who hasn’t had a […]

Reuters – The global hedge fund industry shrivelled a little more in July when investors pulled out nearly $3 billion (1.9 billion pounds) after the loosely regulated portfolios posted losses in May and June, researchers reported on Tuesday. Assets stood […]

Bloomberg – UBS AG, the largest Swiss bank, hired Stephen Pak from Credit Suisse Group AG to head a team that introduces Asian hedge funds to potential investors after losing staff to rivals and new entrants. Pak, 38, started his […]

Bloomberg – Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, according to a Zurich University study. There are 125 single-manager hedge funds in Switzerland managing […]

Bloomberg – Work in a bar. That was a friend’s suggestion for Harvard graduate Sara Grillo after she was laid off from Lehman Brothers Holdings Inc. in 2008. Two years later, the hedge-fund analyst is campaigning to get more women into top […]