A hedge fund manager has escalated his blitz on Nabi Biopharmaceuticals with a motion to remove the company’s president and chief executive officer from his position as chairman. Meanwhile, the company announced it has engaged a securities firm to explore […]

Orlando Business Journal – An Orlando stockbroker has been sentenced to more than four years in prison for cheating investors out of more than $6.6 million involving two hedge funds. Charles Norman Watson, 39, was sentenced to 50 months in […]

Black Enterprise – Even in this age of market volatility and spotlighted failures, investors’ love affair with hedge funds endures. Yet investors will grow more sophisticated and will demand greatertransparency. This was the somewhat rosy picture emanating from a hedge […]

Bloomberg – Finance Minister Michael Cullen said hedge funds may be pushing up the New Zealand dollar, raising the risk of a sharper drop in the exchange rate when they sell. Hedge funds appear to be “taking short-term positions” in […]

Seattle Times – A top Securities and Exchange Commission (SEC) official confirmed that the agency is investigating Amaranth Advisors, which lost billions of dollars this month due to bad bets onnatural-gas prices, and the probe is focused on whether the […]

Baltimore Sun – In the investing world, it can be a short three-step walk from problem to new regulation. First, a problem is uncovered. Next, “victims” or “losers” are identified. Then, regulationsand legal remedies are proposed. So when a hedge […]

Reuters – Jefferies Group Inc. is making a push into one of the most coveted money-making franchises on Wall Street in offering prime brokerage services to hedge funds, senior executives of the investment bank said. The New York-based brokerage is […]

Reuters – Fund-of-hedge funds firm Integrated Asset Management, enlarged by an acquisition, said its assets under management rose to near $1.5 billion (790 million pounds) in early September from$832.9 million at the end of June. Pre-tax profit rose to 387,047 […]

Delaware Online – The two small strokes Rep. Mike Castle suffered over the weekend will keep him out of Washington for the last hectic congressional work week before the November elections. Congress is set to vote on a series of […]

MSNBC – We at NEWSWEEK don’t print obituaries before our subject has been officially declared dead. But I’d like to make an exception for Amaranth, the hedge fund that became famous last week for losing $6 billion of its investors’ […]

MOSCOW (Reuters) – Fund managers are keeping their cool in the face of Russian political risk as western oil majors come under pressure and state control of business grows. Concern over Anglo-Dutch oil giant Royal Dutch Shell’s Sakhalin-2 energy deal […]

Financial Director – Officers from HM Revenue & Customs are paying more visits to Mayfair – the heart of the hedge fund industry – to investigate the tax arrangements of what is considered a lightly regulated industry. Hedge fund managers have […]