Stockhouse Canada – Powerful hedge funds conspired with Wall Street analysts in an illegal plot to drive down shares of Biovail (BVF:NYSE – commentary – research – Cramer’s Take) during 2003 and 2004, the Canadian drug company alleged in a […]

Boston Globe – Fidelity Investments, the world’s largest mutual-fund company, will start three funds in Japan focused on paying dividends to lure more individuals away from the safety of bankdeposits, which total about $6.3 trillion. Thomas Balk, who took over […]

ABC News – Biovail Corp., Canada’s largest drug maker, filed a lawsuit Wednesday in New Jersey seeking $4.6 billion in damages from 22 defendants, mostly hedge funds and investment researchers. The complaint alleges that Biovail was the target of a […]

ABC News – Currency trading used to be a strategy employed by only the wealthiest investors and hedge funds, but a growing number of mutual and exchange traded funds make it possible for individualsto try it for themselves, with significantly […]

LONDON (Reuters) – Steep falls in the high-yielding New Zealand dollar and the Icelandic crown are early warnings to investors that markets are turning their attention to macro imbalances brewing ineconomies offering higher interest rates. Higher interest rates in countries […]

TheStreet.com – Citigroup (C:NYSE – news – research – Cramer’s Take) runs a $37.6 billion alternative investment business called Citigroup Alternative Investments. It’sorganized around private equity, managed futures, structured products, real estate and hedge funds. Late last year, Ray Nolte […]

TheStreet.com – Hedge fund managers are always bargain-hunting. An example is the recent interest in Price Communications (PR :NYSE – news – research – Cramer’s Take), aholding company whose sole claim to value is that its stock will become exchangeable […]

Rocky Mountain News – The former Denver Broncos players suing International Management Associates have new teammates in their legal battle against the hedge fund firm. More than 15 people across the country, likely some in Colorado, are expected to file […]

Reuters – SkyBridge Capital LLC, a hedge fund manager backed by Dell Inc. (DELL.O: Quote, Profile, Research) founder Michael Dell, said on Wednesday it raised $330 million for its maiden fund aimed at providing seed capital to hedge fund start-ups. […]

MarketWatch – On Tuesday, Schroders PLC (SDR.LN) agreed to pay $101 million for London-based NewFinance Capital, which has $2.5 billion in fund-of-hedge-fund assets under management. A further $41 million will be paid out if the unit meets certain revenue targets […]

Boston Business Journal – New disclosure rules handed down by the Securities and Exchange Commission are rippling through Boston’s investment community, triggering confusion and even some animosity among local hedge fund managers who say the regulations miss the mark. SEC […]

The Globe and Mail –  Investors who put money into hedge funds managed by Norshield Financial Group will likely get back a maximum of 10 cents for every dollar they invested in the insolvent company. The actual recovery could be […]