New York Times – Nomura Holdings, Japan’s biggest securities firm, will buy a 15 percent stake in the Fortress Investment Group, a United States hedge fund and private equity manager with $26 billion under management. Nomura will pay $888 million […]

BOSTON, Dec 20 (Reuters) – Bermuda, already a popular home for hedge funds because of generous tax breaks, enacted a new law designed to help the island become an even more popular investment center, an industry association said on Tuesday. Bermuda’s […]

BERLIN (Reuters) – Germany aims to promote hedge fund transparency during its Group of Eight presidency next year but does not expect to draw up any international rules on the issue, a senior Finance Ministry official said on Wednesday. Barbara […]

Trade Arabia – The net asset value of funds under administration on Jersey’s Finance Industry has again risen to a new high of nearly £170 billion ($331.8 billion), with close to half of the totalfigure relating to specialist funds such […]

Financial News Online US – The head of portfolio financing in Europe at Amaranth Advisors‘ London office, which closed in November after the fund collapsed, has emerged at Lehman Brothers. James Scully started at Lehman at the end of November. […]

Reuters – Renaissance Technologies Corp., a top-performing hedge fund that has quadrupled its assets to $16 billion this year, is increasingly saying no to outside investors so it can better manage aflood of money, a person briefed on the matter […]

Detroit News – Delphi Corp. said Monday that several major hedge funds will invest up to $3.4 billion in the company, clearing a significant hurdle to emerge from Chapter 11 bankruptcy before June30. As part of the deal, Delphi CEO […]

Chicago Tribune – Hedge funds are investing heavily in United Airlines and other old-line carriers, drawn by the prospect of wide-scale mergers and better times ahead for U.S. carriers. After a spending spree this year, hedge funds control nearly 50 […]

Bloomberg – At the Pacorini Group warehouses in New Orleans, the 15,000 metric tons of copper that have accumulated since September are enough to wire about 7 million refrigerators and make everyshort-seller salivate. “You’re seeing 1,000 tons here, 1,000 tons […]

Reuters – Vega Asset Management, a $5 billion hedge fund group that trades in global currencies and fixed income, is facing a disappointing year with performances that are well short of industryaverages, the firm told investors this week. Madrid and […]

Greenwich Time – A co-founder of the collapsed Connecticut-based Bayou hedge funds admitted in federal court Thursday that he conspired to defraud investors of more than $10 million, prosecutors said. U.S. Attorney Michael Garcia said James C. Marquez pleaded guilty […]

Bloomberg – Morgan Stanley gave Chief Executive Officer John Mack the biggest bonus for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its71-year history. Mack, 62, was granted […]