Reuters – Swiss alternative asset manager Partners Group said on Monday it will spin out its hedge fund replication business next month as it focuses on private equity, private real estate and other unlisted markets. Partners, which manages more than […]

WSJ – Hedge funds in Asia excluding Japan rose 34.4% year to date through November, putting them on track to beat last year’s returns and outperform other regional hedge fund indices, data provider and research house Eurekahedge said in its […]

Reuters – The political backlash against investment bankers’ bonuses could see an exodus of top traders to hedge funds, which are likely to be less restricted in paying talented managers what they want. Investment bankers’ hefty payouts have provoked public […]

NYT – Lawyers for Raj Rajaratnam, the billionaire hedge fund manager accused of insider trading, are again seeking to reduce his bail, citing errors in the government’s case against their client and his firm, the Galleon Group. Mr. Rajaratnam’s lawyers […]

If you are starting a hedge fund, the easiest way to gain an edge is to secure an initial investment from an industry superstar who is also your former boss. Money from Julian Robertson, George Soros or even Harvard Management […]

Bloomberg – As investors make a year-end review of their portfolios, they will see that after all the predictions of the demise of the banking industry earlier this year, most financial stocks have done pretty well. Except for one group: […]

WSJ – Swiss Reinsurance Co Tuesday said it has provided a public U.K. pension fund with longevity risk protection, the first such deal between private and public businesses and one that could find more followers in the slow-growing insurance industry, […]

Bloomberg – Four Wall Street lobbyists and about a dozen lawmakers huddled over eggs and bacon at Tortilla Coast restaurant on Capitol Hill on Dec. 2 to discuss legislation aimed at strengthening bank regulation. The meeting between fiscally conservative House […]

Ali Baba – A partner in KL Group, a now-defunct Florida hedge fund company, was sentenced on Friday to nearly 25 years in prison for a scheme that defrauded investors of $194 million, U.S. prosecutors said. Won Sok Lee, who […]

The Sydney Morning Herald – The former Babcock & Brown affiliate Everest Capital looks set to face another challenge. There is talk at least one rival investment firm is hoping to snare control of another of the embattled group’s funds. […]

WSJ – Hermes Fund Managers has acquired a European equities house, part of a strategy to offer investors access to boutique asset managers, from shareholders including UK broker Execution and the largest pension scheme in the US. Sourcecap, a UK-based […]

Reuters – BlueCrest AllBlue, a feeder fund into a portfolio of hedge funds, said it had raised around 101 million pounds via an issue of new shares, as investor interest in hedge funds picks up. After the issue the fund […]