Reuters- Rich U.S. hedge fund and private equity firm managers avoided proposed increases in their taxes Wednesday when the House approved a controversial tax bill stripped of the proposals. Amid heavy lobbying by wealthy financiers trying to protect their lucrative […]

New York Times- As hedge-fund analysts, Holden Karnofsky and Elie Hassenfeld made six-figure incomes deciding which companies to invest in. Now they are doing the same thing with charities, for a lot less pay. Mr. Karnofsky and Mr. Hassenfeld, both […]

Bloomberg- Goldman Sachs Group Inc. said clients pulled about $3 billion from quantitative hedge funds including Global Alpha in the fiscal fourth quarter and withdrawals will increase over the nextthree months. “We are OK with those funds being smaller, especially […]

Financial News Online US- A federal judge has granted Bear Stearns a trial before the prime broker can be ordered to pay nearly $160m (€111m), as the bank’s board reportedly considers a succession plan for chief executive James Cayne. US […]

Guardian Unlimited- The leaders of Germany, France and Britain will draw up new proposals on the self-regulation of hedge funds by spring next year, German Chancellor Angela Merkel told a magazine in an interview released on Tuesday. Brown said on […]

CNNMoney.com- Finland’s TietoEnator OYJ and Norway’s EDB Business Partner ASA are being urged by shareholder Copenhagen Capital to merge to create a Nordic IT giant with yearly sales of 20 bln nkr(2.5 bln eur), Dagens Naeringsliv reported, citing the London-based […]

International Herald Tribune – A new Goldman Sachs Group stock hedge fund could be launched with more than $6 billion (3 billion pounds), with some investors expecting the fund to attract as much $10billion, people familiar with the fund said. […]

CNBC- When it comes to charitable giving, who gives more–hedge funds or private equity? Turns out the private equity folks are the cheapskates. When you look at the 50 most generous family foundations last year funded by Wall Street money, […]

ForbesFailed hedge fund Amaranth Advisors LLC and two traders are rebutting government allegations that they manipulated natural gas markets last year. In hundreds of pages of briefs filed late Friday with the Federal Energy Regulatory Commission, Amaranth and former energy […]

Bloomberg- Former President Bill Clinton’s decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife’spresidential candidacy. Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show […]

International Herald Tribune – Clients of Tudor Investment pulled more than $1 billion from the firm’s Raptor hedge fund after it lost 8.5 percent this year, mostly on U.S. equities, according to twoinvestors. Raptor, which James Pallotta runs from Boston, […]

FINalternatives- James Jundt refuses to give a former hedge fund manager in his employ what a court says he should. So the court has decided to take away his business. A Minnesota judge turned over Jundt Associates, which manages investments […]