Bloomberg- Hiromichi Tsuyukubo ran the best- performing fund in Japan at Mitsubishi UFJ Asset Management Co., an arm of the nation’s biggest lender. Then, after six years, he decided to join a hedgefund. “Back at my old job, I couldn’t […]

International Herald Tribune- Courts in the Netherlands and France refused Monday to grant injunctions blocking the €30 billion (US$41 billion) merger between steel giants Mittal Steel Co. NV andArcelor SA. Legal actions launched in Rotterdam by three hedge funds and […]

Denver Post- Colorado Securities Commissioner Fred Joseph has filed a fraud lawsuit in Denver District Court against a Colorado Springs man who ran two hedge funds worth $3 million. The complaint alleges Brian J. Peterson abandoned the operation, leaving 30 […]

Boston Globe- James Pallotta, Boston’s highest-paid hedge fund manager and a part owner of the Boston Celtics, told investors in his $8.5 billion Raptor fund yesterday that some of the investments in the fund were “simply crushed” by the market […]

The Free Lance Star- MediCorp Health System may start investing in “alternative investments” including hedge funds, an executive for the Fredericksburg nonprofit said. MediCorp’s board of trustees will likely vote on that issue later this year, said Chief Financial Officer […]

Belfast Telegraph – The credit crunch has claimed its first high-profile resignation in the UK with the departure of Barclays’ head of European collateralised debt obligations (CDOs), the explosive debt products that have helped to cause the meltdown. Edward Cahill, who […]

SHANGHAI (Reuters)- China’s latest official interest rate rise is likely to halt a rebound in its bond market and slow a bull run on the stock market, while boosting the yuan moderately after itsrecent weakness. The central bank announced after […]

CNN Money- Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise. Most hedge funds have “lock-ups,” a minimum period […]

 Reuters.uk- Robert Merton, the Nobel Prize winner who co-founded the failed hedge fund Long-Term Capital Management, said his new firm plans to start an asset management business and open newhedge funds. Trinsum Group, the firm created when Merton’s Integrated Finance […]

Business Standard- Hedge funds accounted for nearly 90 per cent of the Rs 16,000 crore worth stocks sold by foreign institutional investors since July 27.   Top officials of foreign brokerages said except for the long-only hedge funds, other hedge […]

Reuters- Investment boutique Thames River Capital, which runs more than $10 billion (5 billion pounds) in assets, reported a 23 percent increase in annual profits, helped by rising markets up untilMarch. Thames River, which runs hedge funds and traditional portfolios […]

Global Pensions- Many hedge funds have been able to generate profits as a result of the decline in the sub-prime mortgages space, according to Hennessee Group LLC, an adviser to hedge fundinvestors. While acknowledging that some hedge funds focused on […]