Reuters – Luxembourg’s drive to become a major funds domicile faces a stiff test next year when investors who lost money in Bernard Madoff’s $65 billion fraud seek compensation from UBS via a Luxembourg court. The push to attract alternative […]

Chicago Sun Times – Chicago’s Kovitz Investment Group runs a hedge fund in which the managers don’t merely buy stocks. They stalk them. The five partners in the firm will agree on about 400 companies that merit ongoing review. More […]

Bloomberg – The dollar is rallying in tandem with stocks and commodities for the first time since before Lehman Brothers Holdings Inc.’s bankruptcy last year sparked the financial crisis, signaling the worst may be over for the greenback. The currency, […]

New York Post – Hedge-fund billionaire Steven Cohen’s ex-wife Patricia Cohen alerted the FBI of his alleged trading shenanigans more than two years before filing her explosive lawsuit accusing him of profiting from nonpublic information as far back as 1985, […]

Bloomberg – New Finance Capital LLP’s Opus Commodities Fund managed by David Mooney topped the performance ranking of 45 funds of commodity hedge funds surveyed by Feri Institutional Advisors GmbH, an investment adviser. The Opus fund returned 15.7 percent in […]

Bloomberg – Riley Paterson Investment Management Pte said it closed its Asian hedge fund to investors after assets under management swelled 15-fold to $300 million. The Riley Paterson Asian Opportunities Fund returned 14 percent this year through November, Stewart Paterson, […]

Reuters – Morgan Stanley has appointed a new head for its prime brokerage business in Japan as the bank aims to increase the unit’s head count in Asia by about a third in 2010, a senior bank official said. The […]

Reuters – Bumper hedge fund returns this year have helped lift client money flows back to pre-crisis levels, according to hedge fund services firm GlobeOp, marking a rehabilitation for an industry that saw clients flee last year. GlobeOp Financial Services […]

Bloomberg – California Public Employees’ Retirement System is leading a push by investors in private- equity funds for lower fees and more disclosure. So far, only a small number of fund managers is making concessions, and they are limited. Blackstone […]

Reuters – The fallout from the global credit crisis is changing, or perhaps correcting, the perception that sovereign wealth funds (SWFs) or state-owned investors will always patiently ride out paper losses on their investment. Sovereign funds lost an estimated USD600 […]

New York Times – Tudor Investment, run by hedge fund veteran Paul Tudor Jones, has started turning away new investors from its BVI Global Fund, after its biggest fund took in $1.3 billion from March to July, Bloomberg News reported, […]

Forbes – Actively Managed ETFs. There are now more than $750 billion in 800 ETFs outstanding, compared with 7,760 mutual funds with $10.7 trillion in assets. But ETFs are stealing market share from mutual funds daily. Active management is a […]