NEW YORK/LONDON (Reuters) – Private equity firm Carlyle Group is close to hiring a top banker from Deutsche Bank to head its long-planned hedge fund, sources familiar with the matter said on Tuesday. Ralph Reynolds, who is global head of […]

New York (CNNMoney.com) — Hedge fund performance was roughly flat through the third week of July, but a broad market rally in the month’s final week could push returns into the black for the first time since April. Hedge funds […]

Forbes – Assets under management in the UK fund management industry grew by 7 pct to a record 3.5 trln stg in 2005 on the back of strong growth in hedge funds and property funds as well as private client […]

Denver Post – The U.S. Securities and Exchange Commission on Monday accused three former Janus Capital Group executives of allowing market-timing transactions, or prohibited rapid trades in and outof mutual funds. The SEC alleges that Warren Lammert, former manager of […]

Since late last year, foreign investors have been stuffing themselves with kwacha. Though it may sound to some like an exotic fruit, the kwacha is in fact the currency of Zambia, now seen by some investors as one of the […]

Black Enterprise – A hedge fund manager has been ordered to pay $21 million in disgorgement and prejudgment interest following the firm’s failure to appear and respond to the Securities and Exchange Commission’s allegations. The SEC won a default judgment […]

Ahallmark of Wall Street lore dating to the Roaring Twenties and the Great Crash has been that the rich and influential trade secrets and make the most from the markets. And if they get burned, so can the rest of […]

Reuters – Hedge funds, which tend to trade stocks more actively than institutional investors, have become the most important clients for many major brokerage firms, a new survey found, confirming awidely held view on Wall Street. The survey, conducted by […]

CFO.com – One day after filing a $5 billion lawsuit claiming that a group of short-sellers and aggressive hedge funds were scheming to drive down its stock price, Fairfax Financial Holdings announcedthat it will restate its financial results. The announcement […]

South Coast Today – These investments are too rich for my taste. Wealthy families often hire private money managers, pony up for hedge funds and set up a slew of trusts. And we ordinary folks look on, figuring we’re missing […]

Forbes – US hedge fund Citadel Investment Group is planning an opportunistic bid for UK rail operator GNER, hoping to acquire the group cheaply because of debt problems at its Bermuda-based owner, Sea Containers, the Sunday Express reported without citing […]

Business Times Malaysia – Singapore Exchange Ltd (SGX) hopes to have up to 20 hedge funds listed on its bourse by year-end, and is searching as far abroad as Japan, Australia and Europe forcandidates, exchange officials said last Friday. Last […]