New York Times – The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according to a person briefed on the situation. The executive, Anand Parekh, formerly head of the […]

Reuters – Morgan Stanley will continue to acquire hedge funds and managers, though at a much slower pace than in recent months, a top investment management executive told Reuters. Three weeks ago, the investment banking giant announced three hedge fund […]

Cincinnati Post – The New York Mercantile Exchange’s IPO is one of the hottest Wall Street has seen in six years, with investors already reaping big returns as the stock’s price doubled. Too badrank-and-file retail investors didn’t see much of […]

ChronicleHerald.ca – Nova Scotia’s well-educated workforce and its relatively low costs keep attracting financial services companies to the province. Hot on the heels of last week’s announcement that Butterfield Fund Services of Bermuda is opening an office in Halifax comes […]

Bloomberg – Julian Barrowcliffe’s Anglian Commodities Fund exited the natural gas market almost a year before Amaranth Advisors LLC, another hedge fund, was destroyed by plunging energy prices. Barrowcliffe steered his $497 million fund, operated by VegaPlus Capital Partners Ltd., […]

LONDON (Reuters) – tanley Fink, the Chief Executive of hedge fund manager Man Group, said on Thursday he supported measures to improve the quality and transparency of the hedge fund industry. Fink, speaking at a securities regulation conference, said providing […]

Globe and Mail – Citco Group Ltd., one of the world’s largest hedge fund administrators, will announce today it is opening an office in Halifax with plans to eventually employ about 350 people. The operation will include the fund administrator’s […]

Signet Capital Management is to list a closed-end company on the London Stock Exchange next month that will make investments with fixed-income hedge fund managers, an executive of the firm said Friday. The plan was revealed as another fund-of-hedge-funds firm, […]

LOS ANGELES: The faces are familiar, and the names are too: Chris McGurk, former vice chairman of MGM; Tom Pollock, the former chairman of Universal Pictures, and Robert Friedman, a marketing guru at Paramount when Sherry Lansing was in charge. […]

LONDON (Reuters) – International securities regulators are considering looking again at the fund of hedge funds industry in the wake of the collapse of hedge fund Amaranth, a senior regulator said onThursday. Hubert Reynier, who chairs a committee on investment […]

Bloomberg – Thomas Lee, the billionaire buyout executive, is postponing plans to raise $400 million in an initial public offering for a fund to invest in hedge funds, two people with knowledge of thesale said. Lee, known for making more […]

New York Times  – Among the certain unalienable rights of finance in 2006 is that of successful hedge fund managers to make a lot of money. That right is embedded in the compensation structure of the funds: most managers receive […]