WSJ – China has agreed to allow qualified foreign investors and foreign joint ventures to trade stock index futures though China’s Qualified Foreign Institutional Investor program, the U.S. said in a statement Tuesday, moving towards allowing institutional investors to hedge […]

Reuters – The executive director of Massachusetts’ $44 billion state pension fund, one of the first to make big bets on hedge funds, is resigning and moving to a Chicago-based asset management firm. Michael Travaglini, 47, who has headed the […]

WSJ – London Diversified Management LLP, a hedge-fund firm that managed $5 billion at the beginning of 2008, shrunk to just $300 million over two years, after the performance of its flagship fund tumbled and investors pulled out money. The […]

BBC – A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said. Michel Barnier said such funds would provide part of a broader […]

Bloomberg – Simon Leversha, a former managing director of Citadel Investment Group LLC, is starting his own hedge fund this week to trade securities affected by events such as mergers, spinoffs, litigation and regulation. Imperia Asia Offshore Fund will start […]

WSJ – The plunge in markets worldwide is starting to open up some bargains for long-term investors. As usual, you should ignore the panic around you and look for solid value. Don’t worry what the other guy is doing: Worry […]

Reuters – Hedge funds have aggressively cut back bets in recent weeks during a difficult month that has seen the euro tumble and stock market volatility soar, said Pictet’s head of alternative investments, Nicolas Campiche. Hedge funds are now positioned […]

The Street – Following the smart money is usually a fairly good idea and you can’t get much smarter than hedge funds. According to filings with the Securities and Exchange Commission, hedge-fund managers such as Paulson & Co. and Appaloosa […]

NYT – About 720,000 investors outside the United States who lost money to the convicted swindler Bernard L. Madoff have settled with their banks, receiving about $15.5 billion in all, according to law firms representing those victims of the fraud, […]

Staits Times – Talk that tougher regulation of hedge funds and other financial firms in Europe is driving talented staff from Britain to Asia is premature, according to the Lord Mayor of the City of London. Mr Nick Anstee, who […]

Reuters  – Private banks are recommending that clients allocate more money to hedge funds, in particular event-driven funds that will benefit from an expected surge in mergers and acquisitions and debt restructuring. Unlike in 2009 when stocks rallied across the […]

Reuters – Long-haired art lover Pierre Lagrange is symbolic of the informal, star manager culture that Man Group  is seeking to acquire with a $1.6 billion purchase of GLG. The softly-spoken Belgian, co-founder and senior managing director at GLG, is […]