Reuters – Hedge fund and private equity firms face a tough future of higher costs and lower profits as they struggle to cope with investor demands for better supervision of their assets and lower asset bases. Small firms in particular […]

Business Week – In late January, billionaire Steven A. Cohen hosted a golf outing for two dozen people at the Bear Lakes Country Club in West Palm Beach, Florida. Most of his guests were investors in his hedge fund firm, […]

NYT – The private equity firm Blackstone Group posted better-than-expected earnings on Thursday, driven by increased performance fees and improved valuations of its portfolios. Private equity firms suffered in 2008 and 2009 from sliding stock markets, which reduced the values […]

NYT – The International Organization of Securities Commissions published Thursday the data hedge funds will be required to disclose as of September, The Telegraph reported. “IOSCO believes that regulators should seek to develop a comparable and consistent set of data […]

WSJ – Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis. The big bets are emerging amid gatherings such as […]

Bloomberg – Growing up in the Long Island, New York, village of Seaford, Dean Backer went door-to-door with his mother on Friday evenings seeking donations for a cancer charity. “At a very early age, my parents instilled in us the […]

Bloomberg – Florida’s state pension system, manager of $112 billion for a million firefighters, teachers and garbage collectors, is set to decide next week on the size of its first investment in hedge funds. Executives of the fourth-largest state retirement […]

NYT Blogs – It seems that the Securities and Exchange Commission can’t please anybody when it comes to their efforts to put limits on short-selling. The commission voted Wednesday to limit short-selling of stocks that are falling rapidly in price. […]

WSJ – Hedge fund managers will have to start reporting to regulators high-level snapshots of their gross exposure to stocks and bonds and how much money they borrow from banks and other counterparties to regulators as early as September, the […]

Reuters – Citigroup Inc is in advanced talks to sell its $4 billion hedge fund business to SkyBridge Capital LLC, a New York firm that invests in start-up fund managers, a person familiar with the matter said on Wednesday. Hammered […]

BNET – So now America has one less reason to go to Sears (SHLD), and maybe one more reason to try to get into Eddie Lampert’s ESL Hedge Fund. Sears has struck an agreement that will make its exclusive Craftsman […]

Business Week – The British financial regulator won a court appeal giving it the power to force a Panama distressed-debt fund to turn over documents as part of a U.S. investigation into illegal short-selling. The U.K. Financial Services Authority had […]