International Herald Tribune- Days after Pacificor LLC chief executive Michael Klein died a plane crash in Panama, the hedge fund management company named portfolio manager Andy Mitchell to succeedhim. Vice president of business development Kurt Benjamin told The Associated Press […]

CNBC- Futures and options broker MF Global Ltd. agreed Wednesday to pay more than $77 million (euro53.5 million) to settle federal charges that it failed to watch over a hedge fund charged with fraudmore than two years ago. The Commodity […]

Wall Street Journal- For publicly traded hedge funds like Och-Ziff Capital Management Group, bigger is better — and worse. The bigger a hedge fund gets, the more it can earn in management and performance fees, which are tied to the […]

The News Journal- When the Abu Dhabi government announced late in November that it was buying 4.9 percent of Citigroup for $7.5 billion, the general reaction was relief that the firm was finding a way out of the subprime mortgage […]

Hindu Business Line- Bangalore, Dec 25 This year was an eventful one for the rupee. The Indian currency advanced against the dollar despite galloping global oil prices. Against the dollar, the rupee advanced 12.5 per cent during the year. Against […]

New York Post- Heavy rain, dense foliage and mountainous jungle terrain had made the search in western Chiriqui province, where the plane crashed, difficult. Klein, who graduated from college at 17, was CEO of Pacificor, a Santa Barbara-based firm that […]

Business Standard- Dunlop India, a Ruia group company, has raised $90 million (around Rs 360 crore) from a consortium of offshore hedge funds to restructure loan and to meet other corporate needs.   The structured deal offers the funds an […]

New York Times- An activist hedge fund that has feuded with the railroad operator CSX over its strategy proposed a slate of five alternate directors on Wednesday, beginning a proxy fight. The hedge fund, the Children’s Investment Fund, teamed up […]

International Herald Tribune- James Cayne and John Mack have a lot in common. The chiefs of Bear Stearns and Morgan Stanley have presided over announcements of steep losses this week and forgonebonuses. And, despite a year that they would certainly […]

Reuters- U.S. regulators, led by the Securities and Exchange Commission, are probing how financial firms priced mortgage securities on their books and whether they should have told investors earlier about the declining value of those securities, The Wall Street Journal […]

Guardian Unlimited- Northern Rock’s shareholders are likely to be given a chance to air their views on the state of the ailing bank at an extraordinary meeting next month. Last night the bank seemed to be failing in its last […]

The Independent- Barclays has launched a $400m-plus legal action against Bear Stearns, accusing its Wall Street rival of fraud over the collapse of two hedge funds earlier this year. The collapse of the funds in June was the first sign […]