Financial Times – London’s rapid emergence as a hedge fund capital to rival New York and Greenwich, Connecticut, owes much to the friendly approach the Financial Services Authority has adopted to this industry. Yesterday’s proposal from the FSA that it […]

Reuters – Allstate Corp.’s $125 billion investment fund is joining a growing list of pension funds that are investing in so-called portable alpha strategies in a move to boost overall returns, theinsurance giant’s chief investment strategist said this week. As […]

Reuters – A prominent hedge fund consulting group being sued by former clients for having led them into the collapsed Bayou Group fund is now being sued by a former top executive, legal documentsshow. Leeana Piscopo filed a lawsuit in […]

Reuters.uk – The Executive Committee of the fifth annual fundraiser sponsored by Hedge Funds Care and the San Francisco 49ers Foundation have raised their highest amount of funding to date.Approximately $864,980 was raised to support community-based nonprofits with services focused […]

International Herald Tribune – David Shaw, founder of the world’s largest hedge fund firm, said investment returns probably would worsen because of all the money pouring into the industry.   “There’s an enormous amount of capital now chasing a smaller […]

PR Newswire (press release) – Thomas Lee today announced his departure from Thomas H. Lee Partners, L.P., the private equity firm that he founded in Boston in 1974. Mr. Lee said that he intends to reenter the private equity field […]

Boston Globe – State pension officials defended their moves into hedge funds yesterday, presenting numbers showing the investments have reduced the risk in the portfolio of thousands of public-sector retirees.   Secretary of State William Francis Galvin voiced concern on […]

The Irish financial watchdog has ordered Dublin-domiciled hedge fund group Broadstone Fund Management to cease due to “serious regulatory issues”. A spokesman for the Irish Financial Services Regulatory Authority told IPE it ordered the group – which operates three hedge […]

MarketWatch – A hedge fund seeking an official voice for shareholders in Delphi Corp.’s (DPHIQ) bankruptcy case told a federal judge Tuesday the company was using old financial data that make its prospects look artificially dire. Appaloosa Management L.P., one […]

MSN MoneyCentral – A US Senate Banking panel is gearing up to hold hearings as early as next week into hedge funds and how their explosive growth is influencing markets. The Senate Banking Subcommittee on Securities and Investment, led by […]

CNN Money – Thanks to a spate of blockbuster deals, hedge funds that bet on mergers are on a tear, making almost as much money in the opening weeks of 2006 as they did in all of 2005. These hedge […]

Reuters – Hedge fund assets managed in London rose 18 percent to $225 billion last year, making the British capital one of the fastest growing centres for the industry, International FinancialServices London said. But, IFSL’s survey showed that asset growth […]