Bloomberg – Petters Group Worldwide LLC founder Thomas Petters, convicted of orchestrating a $3.5 billion fraud scheme, was sentenced to 50 years in prison. Petters, 52, was found guilty in December of 20 counts in what prosecutors said was the […]

NYT – In what would mark the second high-profile departure in less than a month from Goldman Sachs’s Principal Strategies unit, Ali Hedayat, the co-head in the Americas of the bank’s largest internal hedge fund has left the firm, Bloomberg […]

Politico – In an effort to throw some light on the shadowy world of private investment pools, Democratic Sen. Jack Reed of Rhode Island is working to require hedge, private equity and venture capital funds to provide information on their […]

WSJ – In a world where many hedge-fund managers boast of “high octane” returns, Majedie Asset Management’s Matthew Smith has a gentler manner with his Tortoise fund. Smith said the fund’s name reflects the firm’s “steady, conservative approach to generate […]

Telegraph – The hedge fund’s decision to move its base to the tax haven was revealed by Mike Platt, the firm’s founder, in a letter to investors and comes on the back of BlueCrest’s decision to open an office in […]

WSJ – Signalling increased interest in Asia, investors such as GLG Partners Inc., D.E. Shaw & Co. LP and the Canadian Pension Plan have been opening or expanding their Asian offices in recent months. The moves are the latest sign […]

NYT – Mutual funds are a cornerstone of retirement planning. Yet they’re widely misunderstood and investing ignorance can really cost you. Do you know the difference between an expense ratio and a turnover ratio? What about an open-end fund versus […]

Emii.com – According to a survey from Credit Suisse, global hedge fund assets could return to pre-financial-crisis levels by the end of 2010, reports Bloomberg. The survey of 600 institutional investors that hold in excess of $1 trillion in assets […]

Dow Jones -Italian mutual funds posted a net inflow of EUR1.86 billion in March, according to figures released Wednesday by the country’s fund management association, Assogestioni. Assogestioni said inflows were mainly in bond funds, flexible funds, balanced funds, and hedge […]

MarketWatch – In the wake of a yearlong surge in credit markets, some hedge-fund managers are pulling back from fixed-income bets or looking for protection in case the rally turns into a rout, investors said this week. Junk bonds and […]

BusinessWeek – Hedge-fund rules proposed by the European Union aren’t protectionist, the bloc’s financial services chief told U.S. Treasury Secretary Timothy F. Geithner. “I am convinced that access to the European single market should be granted to managers and funds […]

The Washington Post – I attended a conference at Columbia University earlier this week that wound up focusing on how the mainstream business press contributed to the recent economic crisis with fawning, uncritical coverage of the financial sector that ignored […]