BBC – The events of the past few days have been a propaganda battle between two enemies that would not have looked anomalous during the Cold War. The Senate’s permanent sub-committee on investigations has released Goldman e-mails that support its […]

Reuters – Highly-rated hedge fund manager Neil Pegrum has quit his job at Cazenove Capital to join Soros Fund Management, the secretive fund firm set up by billionaire financier George Soros. Pegrum, a specialist in mid and small-cap stocks who […]

BusinessWeek – Algebris Investments LLP, an activist hedge-fund manager seeded by Christopher Cooper-Hohn’s The Children’s Investment Fund Management UK LLP, plans to open an office in Singapore as Asia’s growth draws investors. The London-based firm registered its Asian office in […]

WSJ – Recently,Michael Steinhardt asked his wife and weight-management overseer Judy if he could have an oatmeal cookie. “Suffer!” she cried, chuckling. Sulking, Mr. Steinhardt slumped into a nearby armchair and buried himself in a nursery catalogue entitled “Arrowhead Alpines.” […]

Reuters – London and Paris face a showdown over new rules for hedge funds within weeks of British elections, with both sides refusing to budge on a controversial law to control the secretive industry, diplomats said. Spanish Economy Minister Elena […]

WSJ – The U.S. Securities & Exchange Commission is conducting a sweep of examinations to investigate how the mutual fund industry uses derivative financial products, the head of SEC’s Office of Compliance Inspections and Examinations said Tuesday. The goal of […]

Bank of America on Thursday said it sold a $1.9 billion portfolio of private equity to AXA Private Equity. The sale takes place as Congress is considering a bill to prohibit banks from holding any ownership in private equity funds […]

Bloomberg – BlackRock Inc. may average more than $200 billion in annual investor deposits over the next five years after the acquisition of Barclays Global Investors added passive funds, said Robert Kapito, the firm’s president. Net new business at the […]

Reuters – When Israel Englander, the normally press-shy hedge fund manager, wrote late last year to his Millennium Management investors, he sounded like a changed man. “They say necessity is the mother of invention, and out of necessity, we’ve substantially […]

BusinessWeek – Moore Capital Management LLC founder Louis Moore Bacon topped the Sunday Times list of the 25 wealthiest U.K.-based hedge fund managers in an annual estimate of net worth known as the “Rich List.” The wealth of U.S.-born Bacon, […]

Here Is The City – ‘Dear Investor, – Many of you have asked questions in the past few days about Paulson & Co.’s (‘Paulson’) participation as an investor in mortgage securities from 2005 through early 2007, and specifically about our […]

North Jersey – Mountain Capital Management LLC, a Woodcliff Lake hedge fund, did not know it was investing in a so-called Ponzi scheme when it gave more money to Westgate Capital Management LLC in 2007, an attorney said Tuesday. A […]