Banking News – More than 100 hedge funds snatched up shares of Citigroup during the fourth quarter of 2009, with large well-known names like George Soros, Eric Mindich and John Paulson purchasing nearly a half billion shares in the bank. […]

Reuters – Hedge fund firm GLG Partners saw assets under management rise marginally in the final quarter of last year as it benefited from client money returning to the industry and modest performance gains. The London-based, New York-listed firm said […]

Reuters – 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 gains. Even hedge funds without direct exposure to […]

NY Times – It appears that resistance is growing to a plan by the managers of Japanese steakhouse Benihana to raise money through a share sale. The New York Post recently reported that the heirs of the restaurant chain’s late […]

WSJ – One case that broke last night promises to be yet another attention-grabber. It involves a Jewish Orthodox rabbi from Brooklyn, a yet-unnamed Connecticut hedge fund and a call the rabbi made to the U.S. attorney’s office as part […]

Hedge Funds Review – Assets invested in emerging markets hedge funds increased by $25 billion during 2009 thanks to performance based gains of $34.3 billion, according to Hedge Fund Research. The data provider also said its HRFI Emerging Markets Index […]

Bloomberg – Jamison Firestone, who spent 18 years helping U.S. companies navigate Russia’s legal system, said he fled the country because he’s the next target of “mafia” law-enforcement officials he says were responsible for the death of his colleague Sergei […]

Reuters – Firms that make money selecting hedge funds will have to conduct more checks on managers running the assets and show they know what they are buying in order to appease clients disgruntled by the Madoff fraud and poor […]

Reuters – Man Group shares pared gains but were still Wednesday’s top FTSE 100 riser after a source close to BlackRock said the U.S. fund firm had no interest in buying the hedge fund firm. Shares in Man, the world’s largest listed […]

Atlanta Business News – John Paulson, the New York hedge-fund manager who made billions betting against the overheated housing market, is now betting big on Atlanta-based SunTrust. According to a company filing this week, Paulson’s hedge fund increased its stake […]

Reuters – European Union president Spain tightened proposed rules to regulate hedge funds and private equity groups, prompting accusations of protectionism from within the industry but potentially speeding up moves towards a deal. Spain recommended non-EU funds should only be […]

Business Insider – Bankrupt General Growth Properties (GGWPQ) has been one of the most controversial companies in recent months, as various hedge funders have gone to public battle over the troubled mall property. Investors like Bill Ackman and Whitney Tilson […]