Reuters – Banks are pressing the U.S. Congress for exemptions to a part of the proposed Volcker rule under Wall Street reform legislation that would curtail their ties to private equity and hedge funds, but the banks’ prospects were dimming […]

Bloomberg – Few could argue convincingly that the U.S. Securities and Exchange Commission has excelled at its duties. Having failed to detect the largest Ponzi scheme in U.S. history, and with employees viewing Internet porn on the job, the SEC […]

Reuters – Fund firm Jupiter raised 220 million pounds to pay off debt in an initial public offering which had been dogged by weak markets but still secured a valuation in line with London-listed rivals. In a deal that will […]

Economic Times – In an interview with ET Now, Farhan A. Mumtaz, analyst, Eurekahedge, talks about the performance of hedge funds in India and global markets. Excerpts: How are India hedge funds doing now because year to date until April, […]

Reuters – European hedge funds are focusing their energies on not losing clients’ money, rather than delivering huge gains, as they brace themselves for a potentially volatile summer after May’s big losses. Executives at the annual GAIM hedge fund conference […]

The Independent – The Libyan government is backing a new London hedge fund with hundreds of millions of dollars, as the Arab state seeks to diversify its economy away from oil and train a generation of investment professionals in the […]

Bloomberg – Hedge funds cut their bets on higher oil-futures prices to a 10-month low as U.S. economic reports signaled fuel demand is diminishing. Speculative net-long positions, or wagers that prices will increase, in crude futures declined 30 percent to […]

Bloomberg –  Guy Hurley said he’s not sweating European plans for new hedge-fund rules after leaving Bank of America Corp.’s Merrill Lynch & Co. a year ago to start an onshore fund that uses strategies such as merger arbitrage. “It’s […]

Bloomberg – Man Group Plc, the largest publicly traded hedge-fund firm, doesn’t expect to make “significant” acquisitions after its purchase of GLG Partners Inc., Chief Executive Officer Peter Clarke said. “It is effectively job done for our liquid trading strategies,” […]

WSJ – So far, the goal is to make the fund more conservative and liquid, which means scaling back so-called alternative investments that came with the car makers’ assets. These include $2 billion in five hedge funds of funds, $380 […]

Bloomberg – Investors who put money in hedge funds that fed money to Bernard Madoff’s business should be denied claims for repayment because they weren’t direct customers of the con man’s firm, the Securities Investor Protection Corp. said in a […]

Bloomberg – Byron Wien, vice chairman of Blackstone Group LP’s advisory services division, said hedge fund returns may shrink by half as firms seek to protect investors’ capital. Returns may drop to 10 percent from 20 percent as funds lose […]