WSJ – A group of billionaires, hedge-fund managers and ex-Goldman Sachs executives are building a banking empire in California—with assistance from Uncle Sam. Exactly a year ago these investors acquired the assets of collapsed mortgage lender IndyMac Bank from the […]

WSJ – Investors’ appetite for hedge-fund start-ups is slowly returning. But managers typically are raising relatively small amounts and some are granting concessions on key terms. The pace of new fund launches has picked up after plunging dramatically in late […]

This summer, John Moran picked up 100 ounces of gold from a locker run by the Comex exchange in New York. The bars, which were light enough to carry in a backpack, marked the culmination of a $95,000 experiment by […]

The recent rise in long-term US interest rates comes as good news for several leading hedge fund managers, including John Paulson, who have positioned their trading books to benefit from higher yields on US Treasury securities. Mr Paulson, who made […]

(Bloomberg) — London-based hedge funds will consider relocating to Swiss financial centers, such as Geneva, Zurich, Pfaffikon and Zug, if the tax and regulatory burden increases, according to Ernst & Young. “If foreign states continue pressuring the hedge fund industry […]

A U.S. hedge fund that was buying bank shares in early 2009, when most everyone else in the market was taking the safer options, has recorded a $7 billion profit this year to date, with the fund’s founder and President […]

OppenheimerFunds has settled another state’s charges that it ran an allegedly conservative college savings vehicle like a hedge fund. The New York-based unit of MassMutual agreed to pay $77.2 million to Illinois families who lost money on its Core Plus […]

Bloomberg – Albert Ee, a former managing director of Millennium Management LLC’s Asian business, said he plans to set up a hedge fund in Singapore that will seek to profit from bets on broad economic trends. AE Capital Management plans […]

Times Online – David Tepper, who runs the US hedge fund Appaloosa Management, is in line for a profit share of around $2.5 billion (£1.5 billion) this year after betting heavily on a recovery in the stocks of banks including […]

Bloomberg – Asian start-up hedge funds have returned an average 22 percent this year, beating global peers and boosting their chances of attracting investors in 2010. Galaxy China Deep Value Fund and Wisdom of Japan Fund are among new offerings […]

Bloomberg – Geneva, touted as a haven for London bankers facing heavier U.K. taxes, may lure fewer than predicted thanks to a housing shortage, crowded schools and a 44 percent income-tax rate. Barclays Plc President Robert Diamond this month joined […]

National Post – Proposals being presented to the European Parliament are set to dramatically alter the way in which the managers of alternative investment funds are compensated. The planned changes should work to the benefit of those institutions that invest […]