Phillip Goldstein, who became a hero to hedge fund managers everywhere when he beat the Securities and Exchange Commission and its regulation requiring funds toregister with the agency, is at it again. This time, he is trying to opt out […]

CFO.com -Most directors seem to be limiting the number of boards they serve on, lately. According to a new study conducted by PricewaterhouseCoopers LLP and Corporate Board Member magazine,nearly half of directors (47 percent) sit on only one public company […]

Law.com – Securities regulators have imposed a record $2.25 million fine on the chairman and CEO of hedge fund James River Capital Corp. for allegedly using deceptive practices in trading in thelong-term investments known as variable annuities. The National Association […]

IR Magazine – Leading IR professionals and investors gathered in Zurich yesterday to debate the most pressing issues facing the IR community. Both groups expressed concern over the prospect ofregulatory intervention, even with respect to unruly hedge funds. Unsurprisingly, Charles […]

Reuters – Americans are betting that hedge funds will make them rich even at a time when these once high-flying portfolios are lagging behind the broader market. Research firm Morningstar Inc. polled 600 advisers in August and found that 65 […]

Marketwatch – Hedge funds are mainstream. Once fanciful fodder for cocktail conversation and ego-driven symbols of whose portfolio is bigger, hedge funds have joined the ranks of Joe Sixpack. Morningstar, the mutual fund data and tracking organization, and Research magazine […]

A Hong Kong fund manager who siphoned $194.5 (€154.7m) million of clients’ cash into dummy companies to hide losses in other investments has been jailed for four and a half years. Charles Schmitt left more than 1,000 clients out of […]

Forbes – FTSE Group is mulling over a private equity index product to give investors information about ‘credible’ funds at relatively-low risk following the launch of a similar index product for hedge funds. Gareth Parker, head of business development at […]

New York Sun – David Berkowitz, whose Gotham Partners LP closed three years ago after investor withdrawals and a government probe, raised about $155 million for a hedge fund to invest in stocks. Mr. Berkowitz and Joel Press, former head […]

CCH Wall Street – Despite enormous fines, sanctions and top executives losing their jobs, the SEC continues to find evidence of market timing in the mutual fund industry. Just over three years ago, New York Attorney General Eliot Spitzer shocked […]

Chicago Tribune – Financially stressed Salton Inc., the Lake Forest-based maker of the George Foreman-brand grill and other small appliances, disclosed Monday that its directors intend to “explorestrategic alternatives,” including a possible sale or merger of the company. In publicly […]

Herald Tribune – Hedge funds are known for playing hardball to boost their returns, and now they’re using those tactics on companies caught in the stock-option scandal. Many of those companies — which include names such as Vitesse Semiconductor Corp., […]