MarketWatch – Och-Ziff Capital Management Group, one of the world’s largest hedge-fund firms, reported a narrower quarterly net loss Thursday as lucrative incentive fees kicked in after a period of strong performance. The results exceeded analyst expectations, pushing Och-Ziff shares […]

Bloomberg – Avenue Capital Group, the New York- based company started by Marc Lasry, is raising a new fund to invest in distressed debt, according to a person familiar with the discussions. The company, which has about $18.5 billion of […]

Reuters – Hedge fund manager Orchard Capital Partners, which spun-off Stark Investments in 2009, said it has launched a new long/short fund on Thursday which it aims to grow to $500 million in two-three years. The fund, Orchard Gemini, which […]

Reuters – Bluecrest and Winton, two of Europe’s biggest hedge fund firms, have signed up to industry body the Hedge Fund Standards Board HFSB.L, giving a boost to the sector’s efforts to fend off tough regulation and meet investor demands. […]

BusinessWeek – Davide Erro, ex-chief investment officer of Gandhara Capital and a former Goldman Sachs Group Inc. trader, plans to start a new hedge fund in early April, said four people with knowledge of the matter. Hong Kong-based Turiya Advisors […]

Reuters – Hedge fund manager Orchard Capital Partners, which spun-off Stark Investments in 2009, said it has launched a new long/short fund on Thursday which it aims to grow to $500 million in two-three years. The fund, Orchard Gemini, which […]

WSJ – Temasek Holdings Pte. Ltd. has set up an investment company called Seatown Holdings Pte. Ltd. as part of its effort to partner more with outside investors. Charles Ong, senior managing director and chief strategist for Temasek, will be […]

WSJ – Asset-management firm Affiliated Managers Group Inc. made its entry into private equity, announcing a $775 million deal to acquire Pantheon Ventures Ltd. from pension advisor Russell Investments. The deal marks AMG’s largest acquisition to date and its fifth […]

Forbes – Hedge funds and other speculators trade billions of dollars worth of oil futures without intending to ever take delivery of a single drop of fuel. Even so, their impact can be profound on oil prices, and thus the […]

Business Week – New York hedge-fund manager Edward T. Stein was sentenced to nine years in prison for running a $46 million Ponzi scheme that preyed upon friends and acquaintances. Stein pleaded guilty in June to four counts of securities […]

Reuters – A Georgia-based chain of service stations that lost money with a Bear Stearns hedge fund that collapsed in July 2007 has won a $3.4 million arbitration award. The award by the securities industry arbitration panel is the first […]

Business Week – Temasek Holdings Pte is planning a $3 billion hedge fund, AsianInvestor reported on its Web site, without saying where it got the information. The hedge fund may be called Seatown, the English translation of Temasek, the report […]