Times Online- Blackstone, the US private equity group, was locked in rescue talks last night with a dozen lending banks, including Bear Stearns, to prevent the collapse of two hedge funds thatcontrol investments of about $20 billion (£10 billion). Bear […]

Reuters Italia- Investors looking for better performing hedge funds may want to try putting their money into portfolios run by women or minorities, a new industry benchmark launched on Wednesday shows. The HFRX Diversity Index tracks returns at firms owned […]

New York Times- Leaders of the tax-writing committees in Congress are considering a new proposal to end a little-known tax break that has allowed wealthy financiers who run private equity firms and hedge funds to cut their total income tax […]

Reuters- Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street Journal Online reported on Wednesday. Merrill Lynch […]

Financial News Online US- BlackRock said it will buy small stakes in startup hedge funds as traditional fund companies try to replicate the flourishing returns from alternative asset managers. BlackRock executive Howard Berkowitz, who heads the asset manager’s hedge fund […]

Financial News Online US- Institutional investment represents 25% of large hedge funds’ assets, according to a report which comes as corporate and public pension funds continue to allocate more money to the sector. Corporate and public pension funds account for […]

Boston Globe – –Merrill Lynch & Co. will proceed with a plan to sell about $800 million of bonds from a money-losing hedge fund run by Bear Stearns Cos., a day after delaying a similar auction, people with knowledge of […]

New York Sun- Senators Schumer and Clinton are on the fence over a bill that would force private equity firms and hedge funds to pay higher tax rates if they go public. The bipartisan proposal, offered last week by the […]

MarketWatch- Event-driven and short-selling hedge funds pulled in a record amount of money during the first quarter, according to a report released by Lipper on Monday. Event-driven managers saw record net inflows of $9.83 billion in the quarter and now […]

LONDON (Thomson Financial)- Europe’s biggest hedge funds have recruited former Bank of England deputy governor Sir Andrew Large to lead a study into voluntary standards for the industry in an attempt to head off pressure for greater regulation, the Financial […]

BusinessWeek- t has never been more popular to bet against stocks. Once the realm of a few specialists, the financial alchemy of turning a garbage stock into gold by shorting it has moved into themainstream: The strategy is now employed […]

Forbes- Intelenet Global Services Pvt Ltd (Intelenet) has agreed to be acquired by an affiliate of The Blackstone Group and the management team, subject to regulatory approval. Intelenet today announced its intention for a management buy-out (MBO) that will see […]