Akron Beacon Journal – Prudential’s brokerage subsidiary agreed Monday to pay $600 million in fines and restitution for deceptive market timing in trading mutual fund shares for wealthy clients. The settlement with the Justice Department is one of the largest […]

BankNet 360 – Hedge funds are flexing their financial muscles, demanding companies that do not file quarterly reports on time to immediately repay all their debts. Technically, companies do default on their outstanding bonds when they fail to punctually file […]

Reuters – Asset management firm Boussard & Gavaudan plans to list shares of a hedge fund on Euronext Amsterdam to raise cash for equity investments, the Wall Street Journal reported on Tuesday. The fund, Sark Holding Ltd, will go public […]

MSN MoneyCentral – Alan Van Noord, a Pennsylvania civil servant with a laid-back demeanour, makes an unlikely business partner for some of the world’s most powerful financiers. Yet, sitting in thespartan state offices, he remembers the day he was too […]

Reuters – Asset management firm Boussard & Gavaudan plans to list shares of a hedge fund on Euronext Amsterdam to raise cash for equity investments, the Wall Street Journal reported on Tuesday. The fund, Sark Holding Ltd, will go public […]

Reuters – Hedge funds are now beyond the reach of U.S. financial regulators, but they are in no hurry to terminate their registrations because it might worry clients and too many uncertaintiesremain, according to industry experts. In June a federal […]

St. Petersburg Times – Pirate Capital LLC has stopped rattling the sabers at OSI Restaurant Partners Inc. by quietly dumping its 5.3 percent stake in the struggling Tampa chain. Thus ends the Norwalk, Conn., hedge fund’s short but stormy feud […]

London Stock Exchange – Hedge funds have every right to criticise bad management in companies they invest in, according to an expert from F&C Partners. The comments come in response to an “outburst” from Joop Wijn, the Dutch minister for […]

Bloomberg – The script was so finely tuned, they must have asked the writing department to polish it a bit. Wacky movie star. Losing what few marbles he had in the first place. Lousy movies. Flaggingbox-office appeal. What else could […]

TMCnet – One of the UK’s most respected investment fund managers, Gerald Holtham, believes Wales can create a vibrant cluster in this lucrative sector. Aberdare-born Mr Holtham made his name in the City of London as chief investment manager for […]

LONDON (Reuters) – CCredit ratings agencies are working on boosting coverage of hedge funds in response to a growing need for transparency in the sector, but face analytical problems and, ironically,a lack of transparency in doing so. Regulators around the […]

Forbes – Paulson & Co and Centaurus Capital, the two activist hedge funds calling for a break-up of Dutch supermarket company Ahold, have been meeting with some of Ahold’s biggest shareholders in the Netherlands this week to garner support for […]