Washington Post – In early June, as the Senate Finance Committee began examining how a new breed of Wall Street titan could be paying a special low tax rate on executives’ salaries, one of therichest of them, hedge fund manager […]

Reading Eagle – A leading hedge fund trade group unveiled new recommendations Monday aimed at improving practices in the lightly regulated, $2 trillion hedge fund industry. The report issued by the Managed Funds Association updates and expands on recommendations issued […]

West Palm Beach (HedgeCo.Net)- BNP Paribas announced today the expansion of its Hedge Fund Relationship team with the appointments of Conrad Johnson as a director in New York and Stephanie Wong as an associate director in Hong Kong. Conrad joins […]

CNNMoney.com- Merrill Lynch & Co. (MER) hired Brad Schwartz as head of alternative investments origination and sales for Pacific Rim, the company said in an internal memo Tuesday. In the newly created role, Schwartz will be responsible for providing Merrill’s […]

Investment News- The collapse of some hedge funds may be turning into the next cause celebre for plaintiff’s attorneys who file arbitration claims on behalf of investors looking to recoup losses. And while lawyers are clearly taking aim at giant […]

Times Online- Three hedge funds are set to sue ArcelorMittal, the largest European steelmaker, its directors, headed by Lakshmi Mittal, and its investment banks, Morgan Stanley and Goldman Sachs, for $400 million (£192 millon). The funds claim that they have […]

Financial Times- UK companies are the most likely target for hedge fund activism in Europe, according to research published this week. The finding, based on a survey by Thomson Financial of 30 activist situations that have entered the public domain […]

Bloomberg- Gisele Bundchen wants to remain the world’s richest model and is insisting that she be paid in almost any currency but the U.S. dollar. Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says […]

Guardian Unlimited- The men and women (or, let’s face it, largely men) who are making fantastic fortunes working in hedge funds are often credited with tickling the art market up to its current giddy heights. So there’s a pleasing neatness […]

The Ticker- Baruch students clamored into a packed classroom for the chance to heed the advice of two hedge fund veterans on Tuesday, Oct. 23. The Job$mart Career Hour featured Baruch alumnusLawrence Simon, a co-founder and the president of Ivy […]

International Herald Tribune- Even as banking segments like securitizing subprime mortgages and financing leveraged buyouts suffer from the current crisis, Islamic finance is seeing spectaculargrowth. Islamic law, or Shariah, prohibits the payment and receipt of interest, stressing profit sharing instead. […]

Bloomberg- The Internal Revenue Service has begun an inquiry into suspected tax abuses at hedge funds and private- equity firms after determining many firm partners don’t file returns and may haveimproperly characterized transactions. The tax-collection agency is studying whether funds […]