Economic Times – Citigroup may move a team of proprietary traders into its hedge-fund unit, one of at least three alternatives the US bank is studying to comply with the Dodd-Frank Act, people briefed on the matter said. Traders in […]

Bloomberg – Angelo, Gordon & Co., the manager of $23 billion of investments in fixed income, real estate, buyout and hedge funds, won a $100 million pledge from Oregon’s state pension for an Asian property fund. The Oregon Investment Council, […]

Fox Business – The manager of a Connecticut hedge fund on Wednesday pleaded guilty to six charges including securities fraud and conspiracy for a scheme federal prosecutors said involved hundreds of millions of dollars and lasted more than a decade. […]

Bloomberg – Steven Romick says he aims to beat the market when stocks are falling and underperform by a smaller margin when they’re rising. His $3.45 billion FPA Crescent Fund can buy shares as well as bet against them, purchase […]

Mercury News – When Yahoo bought Jordan-based Maktoob.com in August 2009 for a reported $85 million, it barely made a ripple in U.S. technology circles. But the deal for the leading Arabic online community had a seismic effect on the […]

Bloomberg – Warren Buffett’s Berkshire Hathaway Inc. is the darling of U.S. millionaires, or at least those in Tiger 21, a peer investment group. Members of New York-based Tiger 21 picked Berkshire as their top stock in a survey of […]

Bloomberg – Citigroup Inc. may move a team of proprietary traders into its hedge-fund unit, one of at least three alternatives the U.S. bank is studying to comply with the Dodd-Frank Act, people briefed on the matter said. Traders in […]

Bloomberg – Superfund, which oversees $1.2 billion in managed futures funds, aims to raise $100 million within a year for a new hedge fund targeting Japanese retail investors. The Superfund Blue Japan, which invests in global equities using a computer-driven […]

Dow Jones – Hedge-fund operator RAB Capital PLC (RAB.LN) Wednesday slashed its dividend to conserve cash, as it reported another decline in the assets it manages from investor redemptions and poor fund performance, and said conditions continue to be tough […]

Reuters – China’s $300 billion sovereign wealth fund has started a new round of global hiring as it steps up overseas investments and seeks new government funding. China Investment Corp, also known as CIC, advertised 64 job postings, including hedge […]

Bloomberg – Mutual funds, pensions and endowments are spending more on stocks than at any time since the start of the bull market, just as individuals grow the most pessimistic in a year. Institutions pushed equities up to 68 percent […]

NYT – Martin Currie is the latest investment firm to open its arms to retail investors. The Edinburgh-based asset manager, which has £10.5 billion ($16 billion) under management, is planning to launch three new hedge funds for retail investors, The […]