Associated Press- Amaranth Advisors LLC, a hedge fund that suffered a spectacular collapse last fall and lost some $6 billion, has agreed to pay over $716,000 to settle charges of violatingsecurities rules, the Securities and Exchange Commission said Wednesday. Amaranth […]

Thomson Financial- Credit Suisse said its hedge fund advisory service will now be available to the bank’s private banking clients around the world with immediate effect. The service, a joint initiative between the bank’s private banking and asset management businesses, […]

Reuters- Eric Rosenfeld, a co-founder of collapsed hedge fund Long-Term Capital Management, is actively recruiting investment talent for a new quantitative investment fund, a person familiar with thesituation said on Wednesday. The fund, called Quantitative Alternatives, will employ computer-driven trading […]

Financial Times- The Securities and Exchange Commission is investigating claims made in a high-profile dispute between Canadian insurer Fairfax Financial anda group of powerful hedge funds that the company says used underhanded tactics to drive down its share price, according […]

Daily Times- Citigroup’s Asian transaction services group, which booked a $588 million profit in 2006, plans to increase staff by 11 percent this year and boost revenue by targeting more hedge funds and small and medium enterprises (SMEs). The Asian […]

Financial News Online US- Fund managers are being forced to pay their brokers more in commissions to compete with hedge funds for the sellside’s best ideas and service. The findings are one of the unintended consequences of unbundling of commissions […]

Associated Press-Democrat John Edwards said Tuesday that he worked for a hedge fund between presidential campaigns to learn about financial markets and their relationship to poverty – and to makemoney too. In an interview with The Associated Press, the former […]

MarketWatch- Hedge funds generated their biggest gains in more than a year in April as stock markets surged, especially in emerging markets. However, some managers are becoming more cautious as benchmark equity indexes hit records. An index compiled by Chicago-based […]

Reuters- Property services firm CB Richard Ellis and derivatives specialist Reech AiM said on Tuesday they planned to launch a global series of 6 property hedge funds worth a total of 2.4 billion pounds ($4.79 billion). The two groups said […]

Bloomberg- Senate aides, looking for new sources of revenue, are studying how Harvard, Yale and Stanford are using offshore hedge funds to avoid tax bills. Staff of the Finance Committee discussed the matter yesterday with experts on taxes and hedge […]

Financial News Online US- “Speak softly but carry a big stick,” was the West African proverb adopted by former US president Theodore Roosevelt. It could be the motto of the hedge fund industry. While most keep a low profile they […]

Financial Times- Zurich Financial Services agreed Monday to pay $16.8m to settle allegations that its New York-based capital markets arm provided funding to four hedge funds that engaged in impropermarket timing of mutual funds. The US Securities and Exchange Commission, […]