Bloomberg – Marshall Wace LLP, the London-based hedge-fund manager overseeing $4 billion in assets, returned 26 percent with its Japan-focused hedge fund this year by tapping ideas from 150 equity salespeople from outside the firm. The Marshall Wace TOPS Japan […]

Reuters – Hedge fund Harbinger Capital partners has cut its stake in The New York Times Co yet again, about two years after spending half a billion dollars to become one of its largest shareholders. Harbinger reported a 12.79 percent […]

Reuters – Moves to dilute a draft European Union law on regulating hedge fund managers would be a setback to the bloc’s single financial market, the EU’s executive body said on Tuesday. The European Commission has proposed that managers of […]

Reuters – London hedge fund firm Autonomy Capital Group has hired Scott Nelson, formerly the chief operating officer of Deephaven Capital Management, the latest hire to bolster the $1.3 billion firm’s management team, people familiar with the matter said on […]

Guardian – Nothing sets a journalist’s pulse racing more than a good row. Our ceaseless lust for friction has been fed expertly by Nicolas Sarkozy in recent days, when he proclaimed that the “English are the big losers” in the […]

Bloomberg – Sparx Asset Management Co.’s Tadahiro Fujimura led a 26 percent return for his Rising Sun fund this year, the best performer in the Asian market with the worst returns for smaller companies. The 1.2 billion yen ($14 million) […]

The Sydney Morning Herald – Gold surged to a record for a second straight day as investors stepped up purchases to protect their wealth against currency depreciation. Silver also gained. Gold futures touched an all-time high of $US1218.40 an ounce […]

AP – A jury delivered a sweeping verdict against Minnesota businessman Tom Petters on Wednesday, finding him guilty of all 20 counts in what prosecutors said was a $3.5 billion Ponzi scheme. Petters, who claimed subordinates carried out the fraud […]

Bloomberg – The U.S. Securities and Exchange Commission sent at least 36 subpoenas to financial companies in a broadening investigation of potential insider-trading violations that includes Goldman Sachs Group Inc., the Wall Street Journal reported, citing unidentified people familiar with […]

Reuters – Barrick Gold Corp said on Tuesday it had completely eliminated its fixed-price hedge book, allowing the company to take full advantage of rising gold prices and sparking a 7.6 percent rise in its shares. Perhaps appropriately, the announcement […]

Reuters – Liechtenstein justice and foreign minister Aurelia Frick briefly worked for the sales arm of the K1 hedge fund group, whose founder is in custody in Germany pending a fraud investigation, a government spokesman said. The spokesman in Vaduz […]

Bloomberg – Brummer & Partners, the largest Scandinavian hedge-fund manager, plans to set up a fund to buy Bangladeshi stocks, betting the south Asian nation will attract investors seeking the world’s next low-cost labor hub. The fund “should not be […]