Times Online – Supporters of the proposed EU crackdown on hedge funds and private equity firms admit that they played little role in causing the last crisis. But what about the next one? They should be reassured by a survey […]

WSJ – Citigroup Inc. is in talks to sell a hedge-fund business with about $4 billion in assets as the bank company continues to whittle down a $547 billion pool of assets marked for sale, according to people familiar with […]

Reuters – Hedge funds will increase their investments in distressed debt and equity this year and expect to make more money doing it, the Reuters HedgeWorld & Dykema 2010 Insolvency Outlook Survey found. The most attractive areas for distressed investing […]

TickerSpy – Some of the world’s most prominent investors were adding to Citigroup (C) positions during the fourth quarter. After distressed shares of Citigroup helped David Tepper deliver investors gains in excess of 100% during 2009, few would have been surprised […]

ETFdb – Credit Suisse, one of the world’s largest financial services providers, announced Monday the launch of the Credit Suisse Long/Short Liquid Index (Net) ETN, a product designed to correlate to the performance of the Credit Suisse Tremont Long/Short Equity […]

Bloomberg – Some high-profile fund managers were picking up energy and airline names during Q4, and Bloomberg sees the buys as a bullish indicator for economic acceleration. Back in November, when Berkshire Hathaway announced the outright purchase of railroad Burlington […]

NYT – Hedge funds have increased their bets this month on Greece’s economic woes by shorting its bonds or buying default protection, although anecdotal evidence suggests some have cashed in after recent gain, Reuters reported. Even hedge funds without direct […]

NYT – New York City Mayor Michael Bloomberg is pulling about $5 billion of his own money from Quadrangle Group’s asset-management arm, reports The Wall Street Journal’s Peter Lattman, citing people familiar with the matter. The development is another blow […]

NYT – BlackRock is adding to Asian offerings with plans to launch a a hedge fund to trade corporate bonds in the region, Bloomberg News reported, citing two people with knowledge of the matter. The world’s largest asset manager plans […]

Reuters – Top hedge funds Moore Capital, Maverick Capital, Viking Global Investors and Stark Investments are planning to open offices in Asia over the next few months to meet investor appetite for a slice of Asia’s growth, bankers said. Louis […]

Reuters – International Standard Asset Management, the hedge fund firm headed by former Man Group CEO Stanley Fink, is to launch a computer-driven ‘black box’ fund to rival Man Group’s poorly-performing flagship AHL fund. The firm is launching the ISAM […]

Bloomberg – After graduating from Harvard University in 1993, Julio DePietro got a job with Citadel Investment Group, then a small, obscure financial firm in Chicago. He planned to stay just long enough to pay off his student loans. By […]