Bloomberg- Biovail Corp., the Canadian maker of the antidepressant Wellbutrin XL, plans to pursue a lawsuit against a group of hedge funds it accuses of driving down its share price after settling aseparate case. Biovail, based in Mississauga, Ontario, said […]

Reuters- Barclays Capital plans to launch hedge funds that comply with Muslim law, the latest attempt to marry huge demand for Islamic investments with the returns of hedge funds. The bank and its partner, U.S.-based Shariah Capital Inc, on Monday […]

Financial News Online US- The hedge fund industry is ripe for consolidation, particularly through acquisitions by larger rivals and financial institutions keen to strengthen or broaden their services, according to a survey. The growth in the number of hedge funds […]

Cape Cod Times- The growing and lightly regulated hedge fund industry is attracting new players — business school professors eager to test their theories in a field known for big risks andoccasionally bigger rewards. Hedge funds are becoming a tempting […]

USA Today- Nashville singer Merle Hazard knows a thing or two about loss — financial loss, that is. Hazard, a down-home country crooner — an “alter ego” of a Music City investment guru with an aptitude for price-earnings ratios, put […]

MarketWatch- One of the U.K.’s largest hedge fund managers has closed a fund with assets of more than $500 million (EUR360 million) as market conditions continue to buffet the sector. BlueCrest Capital Management, with almost $12 billion of assets under […]

Reuters- Cash-rich hedge funds are likely to spot investment opportunities in the financial market turmoil which has hit a few of their high-profile rivals, a senior official at Man Investments said on Thursday. “I don’t think this is a hedge […]

Irish Independant- Over the next week the credit crunch which has squeezed financial markets around the world may get worse as financial institutions attempt to roll-over or re-finance €82bn in commercial paper. This is a game of pass the parcel […]

Reuters UK- Even as market turmoil batters its hedge funds and threatens to scuttle buyouts, Goldman Sachs is raising a new fund to exploit distressed-debt bargains, people familiar with the mattersaid. The largest U.S. investment bank has raised more than […]

International Herald Tribune- Pension fund and tax experts told the U.S. Congress on Thursday that a proposal to more than double the tax rate of executives at private equity and hedge funds, whichinvest money from pension funds, would have a […]

Forbes- Hedge funds are increasingly positioning themselves as direct lenders to companies that are having trouble borrowing money from banks or through the bond market. These investors aren’t strangers to the world of lending, and they’re preparing to play a […]

MSNBC- Global Advisors, a London and New York-based hedge fund manager specialising in commodities, has shut down two of its three funds and is considering a merger after poor performance saw investors lose confidence. GA is shutting its $60m (£29.6m) […]