CityBizList – According to three amended filings with the U.S. Securities and Exchange Commission, Atlanta-based Masters Capital Management LLC has raised a total of $206.4 million for three uncapped hedge funds. Pooled investment fund interests amount to $145.66 million for […]

Crain’s New York – Since last fall, executive recruiter Claude Schwab, partner at hedge fund hiring expert Heidrick & Struggles, has been fielding numerous calls from fund managers “exploring their options.” It was a new twist for the industry veteran, […]

WSJ – BlueCrest is considering closing one of its best performing funds to new investors in a sign that the sector has experienced a marked turnaround in fortunes, with investors looking to invest money into established blue-chip hedge fund managers. […]

Professional Pensions – Hewitt Associates has reported a doubling in the number of hedge fund manager searches during 2009 in comparison with the previous year. The consultant said the hedge fund industry had been hit by significant redemptions from investors […]

Bloomberg – Hedge-fund and private-equity managers may be asked to give back “more than 20 percent” of their bonuses under changes sought by two European Union lawmakers to draft rules governing the industry. The Alternative Investment Fund Managers Directive, proposed […]

The Business Insider – Citigroup is looking to sell its Citi Private Equity unit, according to Bloomberg, and hoping to raise as much as $10 billion in the process. The first, obviously, is the cash. It will help with its […]

Bloomberg – Intel Corp. said Rajiv Goel, a defendant in the Galleon Group LLC insider-trading case, is no longer an employee at the chipmaker. Chuck Mulloy, a spokesman for Intel, the world’s biggest chipmaker, said he can’t comment on the […]

Fund Observer – In Wednesday’s State of the Union address, President Obama reiterated his plans to propose a tax on some of the country’s largest banks and legislation that could limit their size and restrict certain types of trading. A […]

Movie Review – Michael Douglas is back as Gordon Gekko (in a new trailer), just in time to catch the latest wave of Wall Street greed in the sequel to his 1987 movie.  This time, hedge funds are the instruments […]

Business Week – BlackRock Inc., the world’s biggest money manager, said fourth-quarter net income rose almost five- fold as the purchase of Barclays Global Investors lifted fee revenue and investors poured money into stock and bond funds. Earnings rose to […]

Reuters – Last year, with most of the world mired in the “Great Recession,” those outsized sovereign wealth funds amassed by governments from the likes of Abu Dhabi, Singapore and China went missing in action. Now they’re back, and ready […]

Harvard Law Record – Reeling from the fallout of the Madoff scandal, the Securities and Exchange Commission has been searching for a new strategy and new leadership in its mission to protect the investing public from fraud. As part of […]