WSJ – The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008. However, growth in the latest quarter was far less than expected, […]

WSJ – The Wall Street Journal reports: The founder of California hedge fund Spherix Capital LLC and its former president will pay more than $2 million to settle a civil insider-trading lawsuit brought by the U.S. Securities & Exchange Commission, […]

Cleveland Business – After a brutal two years filled with the closure of many hedge funds, the managers of those that remain said they’ve proven both their worth and their staying power. While less volatility may mean more modest returns […]

Money Morning – The fallout from the “Volcker Rule,” President Barack Obama’s proposal to ban banks from making speculative investments that do not benefit their customers, rattled stock and bond markets last week as analysts panicked over the possible repercussions. […]

Bloomberg – Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging. The regulation would require the trades be executed above the […]

Business Week – Asian Finance Bank, the Malaysian unit of Qatar’s biggest Islamic bank, plans to start funds worth at least $150 million to invest in Asia to benefit from economic expansion in the region. The bank, 70 percent owned […]

WSJ – Robert Litterman, chairman of Goldman Sachs Group Inc.’s (GS) quantitative hedge fund group, is retiring, a company spokeswoman confirmed. The spokeswoman confirmed earlier Friday that Goldman has closed its Global Equity Opportunities hedge fund, which is part of […]

Reuters – The tight-knit Boston hedge fund community has been rattled by a guilty plea in the biggest insider trading prosecution in two decades. Loch Capital Management, a technology-oriented hedge fund that once boasted over $2 billion (1.2 billion pounds) […]

WSJ – Goldman Sachs Group Inc. (GS) would be the hardest hit if White House proposals to limit so-called proprietary trading become law, analysts said Thursday. Morgan Stanley (MS), J.P. Morgan Chase & Co. (JPM), Bank of America Corp. (BAC) […]

WSJ – President Barack Obama’s proposal to rein in banks contains a number of provisions that could have a serious impact on the private equity arms of banks, as well as the private equity industry overall, depending on how the […]

Reuters – GLG Partners, one of Europe’s biggest hedge fund firms, is opening offices in Asia as the industry races to profit from the region’s wealthy and relatively untapped investor base. GLG, which is based in London’s hedge fund centre […]

Reuters – Morgan Stanley has launched a new global initiative to raise capital for hedge fund clients in return for a fee, a company spokesman said. The bank said on Friday that it had hired Jenkin Leung, former managing director […]