New York Post- One of last year’s best performing hedge funds has hit an epic ice patch, dropping an estimated 22 percent last month after a big bet on copper turned out to be none too shiny. The November returns […]

MSN UK News- Sir Richard Branson’s bid for Northern Rock has taken a blow after the crisis-hit lender placed a rival suitor on an equal footing, it has been reported. A Virgin-led team was the Newcastle-based firm’s preferred bidder, but […]

MSN MoneyCentral- Drake Management, one of the best-performing hedge funds last year, is in crisis talks with investors in its flagship fund following heavy losses from bets against US Treasuries,according to several investors. New York-based Drake, which had $13bn under […]

Motley Fool- A federal judge dismissed the bankruptcy case of Earth Biofuels Inc., which distributes country music star Willie Nelson’s biodiesel fuel, after the company agreed to an interim restructuring deal put forth by a group of hedge funds. Judge […]

Bloomberg- House Ways and Means Committee Chairman Charles Rangel proposed new legislation to curb the reach of the alternative minimum tax and curtail a tax break for hedge funds that defer incomeoffshore. The Bush administration threatened to veto the bill. […]

Financial News Online US- According to a survey of 100 European pension schemes conducted for Financial News. The Dutch and Swiss dislike hedge funds for their opaqueness, Germans for theirriskiness and the British are cautious on costs. Hedge funds prefer […]

Reuters- The pastel-colored buildings lining Bermuda’s main commercial district are home to thousands of the world’s top hedge funds — from Europe’s Man Group and GAM to Connecticut’s DKR Capital. But the British colony has been struggling to catch up […]

Bloomberg- Eton Park Capital Management LP, the hedge-fund firm founded by former Goldman Sachs Group Inc. partner Eric Mindich, acquired a stake in Reliance Capital Asset Management Ltd., India’s biggest mutual fund. Eton Park bought 5 percent of the unit […]

DailyIndia.com- Citigroup Inc has named its investment banking head, Vikram Pandit, as the group’s chief executive and acting CEO Win Bischoff as its chairman, disappointing investors who wanted abig-name outsider to overhaul the bank.   Citi had been seeking a […]

Reuters-  Penta Investment Advisers Ltd., an Asia-focused $4.8 billion hedge fund group, is up 123 percent in both of its two main funds in 2007 through October, demonstrating the benefits ofstrong China markets, according to a recent note sent to […]

News.gov.hk -A decade ago, it would have been rather controversial to talk about hedge funds, given the Asian economies were hard hit by a severe financial crisis widely believed to be triggered by a group of aggressive hedge funds at that […]

Reuters – Private equity firms are being forced to put more money into their struggling companies as the credit crunch has left banks and investors less willing to refinance ailing firms, industry insiders say. Banks, hedge funds and distressed debt […]