BusinessWeek- The Nobel prize “for having laid the foundations of mechanism design theory” was split three ways between Hurwicz, an emeritus professor at the University of Minnesota; and two academics from the next generation who built on his work: Eric […]

Financial Times- India has pledged to open the “front door” wider to hedge funds in an apparent bid to bolster foreign investor confidence after a stock market plunge triggered by a proposedcrackdown on investment in the country through offshore derivatives. […]

Times Online – Two US hedge funds are suing Eurotunnel because they are unhappy that the company was restructured under French insolvency law this summer. Elliott Advisors, an arm of New York hedge fund Elliott Associates, and Resurgence Asset Management, […]

CNN Money – Government-controlled investment funds from China, Saudi Arabia and other countries will face pressure this week from finance ministers of the world’s richest countries concerned abouttheir lack of transparency and potential to gain stakes in companies linked to […]

Reuters.uk- The UK Takeover Panel said on Friday Australian hedge fund manager Monterrey Investment Management had failed to disclose dealings in iSOFT  and IBA Health Ltd  as required bytakeover regulations. It said Monterrey acquired 13.2 percent of iSOFT shares between […]

Bloomberg- Last month, at a basement bar in a New York Cajun restaurant, Chris Heasman of Lazard Asset Management and about 20 other hedge-fund executives dressed down in jeans and T-shirts spent the night belting out songs by the Rolling […]

Legal Week- Nixon Peabody has unveiled its long-planned City arm, handing the top 100 US law firm its first foreign outpost, it was announced today (18 October).     The seven-lawyer branch will be overseen by New York-qualified financial services […]

Columbus Dispatch- Terrence W. Gasper returned to the stand yesterday in the federal fraud trial of investment manager Mark D. Lay and described meeting a Cleveland-area broker at the Old Bag ofNails Pub in Worthington in 2004. Gasper, the disgraced […]

International Herald Tribune- Now that their teams are out of the Major League Baseball playoffs, the New York Yankees catcher Jorge Posada and the Chicago Cubs outfielder Alfonso Soriano may turntheir attention to a new hedge fund investment. The star […]

New York Sun- Hedge funds’ improved performance in September helped them overcome poor returns in July and August to post an average gain of 2.4% for the third quarter, according to Morningstar Inc. The strongest returns were for hedge funds […]

Bloomberg– Indian stocks plunged and were temporarily halted from trading after the country’s stock-market regulator proposed tightening controls on unregistered funds. The National Stock Exchange’s Nifty Index dropped almost 10 percent. Reliance Industries Ltd. and ICICI Bank Ltd. led declines […]

Reuters- HSBC Investments is set to open next month a climate change fund which will invest in companies that make their profits from fighting global warming. This is the latest in a string of such funds. Rising emissions of carbon […]