Houston Chronicle- Bear Stearns Cos. told clients today that a meltdown in the subprime mortgage market has made the assets from two of its flagship hedge funds almost worthless. Both funds were squeezed after Bear Stearns made wrong-way bets on […]

Reuters- The hedge fund run by activist investor William Ackman said on Monday it now owns a 9.6 percent stake in Target Corp (NYSE:TGT – news), adding the discount retailer to its small list of closely watched investments. Ackman’s New […]

Bangkok Post- Prime Minister Surayud Chulanont has ordered the Bank of Thailand to keep a close eye on hedge funds, warning that their movement could have an impact on the baht’s appreciation. The premier made the request at Monday’s economic […]

MSNBC –   Barack Obama and Hillary Rodham Clinton ended the first half of the year with more than $30 million each for the presidential primaries, a formidable financial performance for thetwo leading Democratic White House contenders. Obama reported having about […]

Town Hall- Although Hillary Clinton claims to adamantly support tax “fairness,” she can’t make up her mind about whether Wall Street barons should have to pay the same tax rate as the regu larworkers she loves and the corporations she […]

Wall Street Journal- Pension funds — traditionally among the stodgiest investors around — are starting to dabble in hedge funds, real estate and other “alternative” investments once considered toodicey. Now, a major fund in Texas is about to place a […]

ABC News- Despite his vaunted base of small donors, Obama is a favorite among employees of some of the nation’s largest investment banks and hedge funds. One of them, Kenneth C. Griffin, president of Chicago-based hedge fund Citadel Investment Group, […]

Gulf News- Man Global Strategies (MGS) manages over $17 billion in a range of portfolios that invest in hedge funds but, as its CEO Alex Lowe explains, this is no ordinary fund of hedge fundsbusiness. “Funds of hedge funds tend to […]

Bloomberg- The Bush administration and several top lawmakers signaled that they may not support a push in Congress to increase taxes on buyout firms and hedge funds. Eric Solomon, assistant Treasury secretary for tax policy, told the Senate Finance Committee […]

International Herald Tribune- Zelda Cheatle, a London photography gallery owner, is close to sealing one of her biggest and most peculiar deals. In late August, she expects to sell about 4,000photographs in a single transaction, but the buyers will not […]

Boston Globe- The Securities and Exchange Commission adopted new rules ensuring it can sue hedge funds for misleading investors, following a court ruling that put in doubt the regulator’s authority over the $1.6 trillion industry. The SEC barred hedge funds […]

New York Post – As home foreclosures ricochet through Main Street in rising junk mortgage meltdowns, Wall Street is facing a separate barrage that could swamp its first rich victims – hedge funds forthe wealthy. The financial industry yesterday got […]