New York Sun – Private equity, venture capital firms, and hedge funds are replacing more traditional investment banks as the most coveted destinations for Harvard Business School students thisrecruiting season. “Almost 75% of HBS students want to do private equity […]

Street.Com – Carl Icahn apparently thinks Lexar Media (LEXR:Nasdaq – news – research – Cramer’s Take) can do better than Micron (MU:NYSE – news – research – Cramer’sTake). According to a recent news report, the activist shareholder has begun a […]

Reuters – Hedge fund manager Jeffrey Thorp and three New York-based hedge funds he manages have agreed to pay $15.8 million to settle charges they engaged in an illegal trading scheme to evaderegistration requirements with 23 securities offerings commonly referred […]

MSN MoneyCentral – Leading credit derivatives dealers have committed to take steps that could lead to a “dramatic improvement” in market practices and to cut further the backlog of outstanding tradesthat has plagued the fast-growing market. The pledges come amid […]

Yahoo! News – Singapore’s stock exchange is paving the way for the listing of hedge funds, the first major push in Asia. Singapore Exchange Ltd. (S68.SG), or SGX, released a proposed framework forlisting hedge funds last week, and expects to […]

Reuters – Hedge funds that specialize in convertible arbitrage made a comeback in the first two months of 2006 after poor performance and heavy liquidations in 2005, according to managers and newnumbers released on Tuesday. Grateful to still be in […]

International Herald Tribune – Bear Stearns reached a $250 million settlement with U.S. regulators over claims it cheated investors by helping clients illegally trade mutual fund shares, two peoplewith direct knowledge of the matter said.   The agreement with the […]

Ellerston Capital begins offshore roadshow to raise $250 million for a long-short hedge fund. Australia’s Packer family plans to let others in on its private investment strategy by offering local and institutional investors a share in its successful long-short hedge […]

Telegraph.co.uk – Sandy Berger, former national security adviser to ex-president Bill Clinton, is poised to join hedge fund DB Zwirn as a special adviser. DB Zwirn, a US-based investment fund, is thought to have hired Mr Berger to gain access […]

A year ago, when the then-chairman of Germany’s Social Democratic Party (SPD), Franz Müntefering, denounced hedge funds as “locusts,” one commentator noted: “Müntefering insults the locusts, Schröder is feeding them.” He was referring to the fact that Gerhard Schröder’s coalition […]

LONDON: Funds of hedge funds expect to make solid profits over the next two quarters, with Japanese and US stocks seen as particularly good investments, a Reuters poll shows. The Reuters survey of 10 funds of hedge funds, which together […]

BOSTON, March 13 (Reuters) – Hedge fund manager Kirk Wright bought an Aston Martin, Jaguar and Bentley, and other luxury items, apparently with money that belonged to hundreds of clients who trusted him to invest their millions, U.S. regulators said […]