NYT – For the global hedge fund industry, 2009 marked one of best years of performance in close to a decade, The Financial Times reported, citing industry data. On average, hedge funds booked 19 percent returns last year, according to […]

Reuters – The year of the Ponzi scheme will be followed by heightened regulation and more aggressive prosecutions, experts say. As 2010 approaches, regulators and prosecutors are scrambling to uncover and pursue more fraudsters, while lawmakers seek to close regulatory […]

WSJ – America’s largest public pension fund, Calpers, said its board tightened rules regarding board members’ communications about investment proposals and gave the board president authority to discipline members who violate policy. Board members of the California Public Employees’ Retirement […]

Reuters – U.S. stock mutual funds with the biggest losses in the past 10 years, a list topped by Fidelity Growth Strategies and Vanguard U.S. Growth, were crushed by the market sell-off at the start of the decade and never […]

Reuters – The Cayman Islands are promising immigration incentives to keep foreign firms from quitting the Caribbean hedge fund hub, but locals want a bigger share of jobs in the lucrative financial sector. The British overseas territory, a beach-lined island […]

Sydney Morning Herald – On June 30, managers acting for Trio Capital poured $47 million of their investments into a fund that is now being investigated for the whereabouts of $118 million in hedge fund investments. Administrators called in before […]

WSJ  – Raj Rajaratnam liked to tell people that his first name meant “king” in Hindi, and, coupled with his last name, that made him “king of kings.” He told the story with the broad, toothy smile that had ingratiated […]

WSJ – An aggrieved suitor in a 2006 bid to buy an appliance firm alleges that Harbinger Capital Partners, a prominent hedge fund that won the takeover battle, received nonpublic information about the rival bid and accumulated a big stake […]

Business Week – JGP SA and Polo Capital Gestao de Fundos Ltda., two of Brazil’s best-performing hedge funds, are paring holdings of homebuilders on concern higher interest rates next year may weaken the industry after shares rose 199 percent. Marcio […]

Reuters – A key informant in the U.S. tax evasion case against Swiss bank UBS AG has asked a Florida court to postpone the scheduled Jan. 8 start of his prison term, saying he is ready to cooperate further with […]

Pensions & Investments – The pay-to-play private placement scandal was the top institutional investment story of the year, Pensions & Investments‘ editors say. In a year in which the flood of big news never seemed to ease, the scandal that […]

Sydney Morning Herald – Trio Capital has been unable to give administrators detailed information about almost $118 million that its managed investment scheme placed through a British Virgin Islands company. The Albury-based company’s Astarra Strategic Fund made its investments through […]