Reuters – The NASD ordered Citigroup Inc. to pay $1.12 million over a scheme by more than 100 brokers to obtain mutual fund sales charge waivers by falsely claiming their customers, including hedgefunds, were disabled. Citigroup Global Markets Inc. will […]

Reuters – UK hedge fund Marwyn Value Investors is to launch a 250-million-pound ($475-million) cash bid for Canadian film business Motion Picture Distribution, the Financial Times reported on Friday. Motion Picture Distribution is the operating company of Movie Distribution Income […]

Reuters – Hedge fund blowups often prompt people to select these lightly regulated portfolios with more care, but the warnings often wear off fast, leaving many vulnerable to the next disaster,analysts and investors said. Last week the $1.2 trillion industry […]

Charleston Daily Mail – A corporate raider, Pirate Capital, is taking aim at Intrawest Corp., the corporate parent of Snowshoe Mountain Resort. The outcome could be a new owner for Snowshoe, a premiere West Virginia ski resort and the largest […]

MSN MoneyCentral – Phil Goldstein, the activist hedge fund manager whose court challenge forced the Securities and Exchange Commission to abandon its plan to force hedge funds to register, has abeef. “Where were all the other guys?” he asks. “Where […]

New York Times – A Seattle hedge fund firm has come under scrutiny as a result of its work with questionable tax shelters. Last week, for the second time in three years, a Senate subcommittee described the firm, the Quellos […]

Philadelphia Inquirer – A Miami hedge fund plans a $115 million initial public offering for Claymont Steel Holdings Inc. and would use the proceeds to reduce debt used largely for dividend payments to itself. H.I.G. Capital bought Claymont Steel, formerly […]

Reuters – Hedge fund firm Ospraie Management said on Tuesday it added another manager to trade in energy-related stocks at a time when the sector is delivering strong returns. New York-based Ospraie, which manages roughly $4 billion in four funds, […]

LONDON (Citywire) – Fund managers are keeping a watchful eye on their bank holdings following last week’s surprise interest rate rise, which was accompanied by news of a surge in home repossessionsand followed a wave of increases in lenders’ bad […]

LONDON (Reuters) – The recently-formed asset management arm of European investment bank Bryan Garnier & Co said on Tuesday it has launched a European equity hedge fund, the first in a series to be rolled out over the next 18 […]

Reuters – The average hedge fund ended July nearly where it started, posting a tiny loss during a month marked by more stock market price swings, according to data released on Monday. The Barclay Hedge Fund Index, compiled by the […]

WASHINGTON (Reuters) — The Securities and Exchange Commission said on Monday it will not appeal a court decision nullifying a rule requiring advisers of most hedge funds to register with the investor protection agency. The decision comes six weeks after […]