Globe and Mail – Shares of Noranda Income Fund fell nearly 9 per cent on Thursday after Xstrata Zinc, a division of mining giant Xstrata PLC, officially walked away from its takeover offer for the company. Talks between the two broke off because managers […]

Reuters – Many small European funds of hedge funds could close or be forced into a merger or sale as falling asset bases hit a sector whose reputation is already badly damaged in the eyes of investors and hedge funds […]

Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund firm run by Daniel Och, said assets under management rose by $200 million last month as investors deposited money in its funds. Holdings increased to $26.1 billion as of […]

Bloomberg – The OGI Global Macro Fund, run by former Lehman Brothers Holdings Inc. proprietary trader Allan Bedwick, is set to double assets to about $100 million this month after outperforming hedge-fund peers globally. With money from overseas institutional investors, […]

Hedge Funds Review – Launches of absolute return funds managed by traditional asset-management houses or by hedge funds have surged over the last 18 months although the industry remains at the early stages of development. The growth is attributed in part […]

MarketWatch – A group of hedge funds, including credit giant King Street Capital, have sued Ambac Financial Group Inc. to try to stop transfers from its main bond-insurance unit to the holding company. The funds, which also include Aurelius Capital […]

Reuters – A former hedge fund manager and a pharmaceutical executive have agreed to settle federal insider trading charges related to the 2007 takeover of biotechnology company MedImmune Inc, the U.S. Securities and Exchange Commission said on Wednesday. Stephen R. […]

Shanghai Daily – E Fund Management Co plans to launch China’s first officially registered hedge fund to limit market risks through stock index futures and maximize returns of each unit of risk. The country’s second-largest asset management company will be able […]

Bloomberg – Hedge funds including King Street Capital LP and Stonehill Capital Management LP filed a motion seeking to prevent Ambac Financial Group Inc. from taking assets out of a bond-insurance unit. The policyholders filed a motion in the circuit court […]

The Economic Times – Almost half of all hedge fund managers are bearish about the US stock market, up from 33 per cent a month earlier, according to a new report released on Monday. Forty-seven per cent of 104 hedge […]

Reuters – Top hedge fund managers like Dinakar Singh and David Einhorn scooped up Microsoft Corp shares in the second quarter, taking advantage of historically low price-to-earnings multiples for the world’s largest software company. Microsoft — whose systems run more than […]

Reuters – Even some of the savviest hedge fund managers got burned in 2008 by sticking with their hot stocks for too long as the market tumbled. Now, with fresh signs of weakness in the U.S. economy, they are positioning […]