Forbes – In the tussle for dominance between the world’s two big financial capitals, New York and London, the Yanks are winning in the battle to attract the biggest hedge funds. While the number of hedge funds with more than […]

BusinessWeek – White House adviser Paul Volcker said it’s too soon for U.S. policy makers to withdraw the stimulus measures and interest-rate cuts used to fight the worst slump since the Great Depression. “This is not the time to take […]

HedgeTracker – Tom Hudson, well-known shareholder activist investor and founder of Pirate Capital – is gathering money to start new a new firm called Doubloon Capital LLC, which will focus on distressed and bankrupt companies. According to a Wall Street […]

NYT Dealbook – JPMorgan Chase is the king of the hedge fund castle, at least in terms of heft, according to a recent ranking by Pensions & Investment. The bank’s two hedge fund units JPMorgan Asset Management and Highbridge Capital […]

Reuters – Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit as bond markets eased pressure on debt-stricken Greece on Monday after a French pledge of EU help. The European Commission […]

FierceFinance – Are we seeing a return to those wild days of currency trading that vexed smaller nations 10 years ago? Who can forget the public spat featuring the then prime minister of Malaysia calling currency trading (currency trading news) […]

Reuters – Representative Sander Levin will take over the Ways and Means tax-writing panel in the U.S. House of Representatives pending the outcome of ethics probes against fellow Democrat Charles Rangel. Levin may be best known on Wall Street for […]

BusinessWeek – Singapore is planning to create its own hedge-fund capital modeled after Greenwich, Connecticut, in a cluster of ex-British army homes called Nepal Hill, a 15- minute cab-ride from the city-state’s main banking district. Singapore is seeking to attract […]

WSJ – The European Commission wants to find out what strategies hedge funds pursue in the credit-default swaps market and what information regulators have on trading, among other things, at meetings Friday with banks, investors and regulators, a questionnaire seen […]

NYT – Is Spain the next Greece? Or Italy? Or Portugal? Even as Greece pledged anew on Wednesday to rein in its runaway budget deficit, briefly easing the anxiety over its perilous finances, traders on both sides of the Atlantic […]

Reuters – Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an “ideas dinner” it sponsored last month for a […]

Bloomberg – UBS AG and Ernst & Young LLP won a Luxembourg court ruling potentially nullifying hundreds of claims by investors who lost money in funds tied to Bernard Madoff’s fraud. Luxembourg’s commercial court said in a ruling today concerning […]