International Herald Tribune- Absolute Capital Group, an Australian hedge fund that invests in collateralized debt obligations, or CDOs, suspended withdrawals from two of its funds Thursday afterforecasting losses resulting from a rout in U.S. subprime mortgages. The firm froze its […]

Reuters- Investors continue to flock to hedge funds, with near-record amounts of new money flooding into the industry in the 2007 second quarter, an industry tracker reported on Monday. Investors poured some $58.7 billion (28.4 billion pounds) into the lightly […]

Reuters- Financial Risk Management (FRM), a $12 billion fund that invests in hedge funds, said on Thursday that Andy Brindle, chief executive of its U.S. unit, will leave, its second U.S. CEO to leave in less than a year. London-based […]

Los Angeles Times- U.S. regulators on Thursday charged defunct hedge fund Amaranth Advisors and pipeline operator Energy Transfer Partners with manipulating natural gas markets and proposed $458million in penalties. The Federal Energy Regulatory Commission, in its first enforcement action using […]

Reuters- Hedge fund shareholders of Belgian-Dutch bank Fortis may yet scupper its ambition to buy parts of Dutch bank ABN AMRO because blocking the bid could boost the price of Fortis stock, fund managers said. Fortis has joined with Royal […]

Financial Times- Absolute Capital, an Australian hedge fund group that invests in collateralised debt obligations, has temporarily suspended redemptions for two of its funds, becoming the latestcasualty of the crisis engulfing the US subprime mortgage market. Absolute’s Yield Strategies Funds […]

Washington Post- Determined to keep its promise to the state’s public employees, teachers, police officers and firefighters, the Montana pension system may venture into a high-stakes corner of the investment world: hedge funds. The idea was proposed in two recent […]

Los Angeles Times- Hedge funds had their second-best fundraising quarter in April, May and June, attracting $58.7 billion globally from investors despite growing losses in investments backed bysub-prime mortgages. The hedge fund industry, which took in a record $60 billion […]

The chief energy trader for collapsed hedge fund Amaranth Advisors LLC is fighting an effort by federal energy regulators to investigate his trading of natural gas contracts. Brian Hunter, former head of energy trading for Amaranth Advisors LLC, which collapsed […]

Bloomberg- Legg Mason Inc., home of money manager Bill Miller, said fiscal first-quarter profit rose 22 percent as fees from hedge-fund unit Permal Group more than tripled. Net income in the quarter ended June 30 increased to $191 million, or […]

Reuters- Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund. But after Kara Homes Inc. declared bankruptcy in October, hedge […]

Reuters- Hedge fund manager Michael Vranos is trying to raise $750 million to fund a new company that specializes in the risky subprime mortgages that have roiled several corners of the U.S. economy,The New York Times reported on Sunday. Citing […]