CattleNetwork.com – The U.S. Commodity Futures Trading Commission (CFTC) announced today that it filed a federal injunctive action against Alexsander Efrosman, a/k/a Alex Besser, of Staten Island, New York, and two hedge funds under his control, Century Maxim Fund Inc., […]

MSN MoneyCentral – As financial lore has it, five pals scraped together $100,000 in 1949 to start what became the first hedge fund. Their ringleader and mastermind, Alfred Winslow Jones, was aFortune magazine writer and former U.S. diplomat who had […]

TheStreet.com – Shareholder activists can’t always be bullies. Sometimes they must master the art of compromise. A good example is the decision last week by Pershing Square’s Bill Ackman to drop his campaign against McDonald’s (MCD:NYSE – commentary – research […]

San Diego Union-Tribune – Two activist hedge funds succeeded Thursday in electing three candidates to the board of Bally Total Fitness Holding Corp. but failed in a bid to remove Paul Toback as chairman and CEO, the company announced following […]

MSN MoneyCentral – Hedge fund managers whose businesses are deemed high risk by the chief US financial regulator will be inspected every three years, the official who will lead the examinations hasrevealed. Gene Gohlke, associate director in the regulator’s compliance […]

CU Columbia Spectator – While other juniors are frantic to hear back about summer internships at big investment firms, Lightcap is relaxed. He’s already got his. Lightcap, class treasurer and vice president of Pi Kappa Alpha, has worked in the […]

Reuters – Hostile and unsolicited take-over activity has run rampant lately, and buyers who are getting in on the action may want to draft thank-you notes to their favorite hedge funds for helping tostir the waters. Last year was the […]

BusinessWeek – As if there weren’t enough controversy surrounding hedge funds, now the Securities & Exchange Commission is investigating suspicions that fund employees are engaging in insider trading. It’s not the typical heard-it-from-a-friend-at-the-company stuff, either. In the last decade hedge […]

Philadelphia Inquirer – New Jersey’s state-employee pension fund for the first time will put money into hedge funds, the state’s top investment official said. The fund also plans to hire advisers to try to double or triple its investment in […]

Safe Haven – Following a near melt-up in share prices at the beginning of this month, markets have suddenly become unstuck. Rattled in part by disappointing results from the likes of Intel, GeneralElectric and Citigroup, as well as jitters over […]

Reuters.uk – Despite wildcat strikes and talk of bankruptcy hanging over Alitalia, two investors have bought big stakes in the carrier, and hedge fund sources say it is part of a trend to buyairlines seen as cheap in a bull […]

Bloomberg – In September 2004, Philip Hoffman did something unusual: He bought a painting he actually likes. It was a work by Ed Ruscha, a pop art icon whose paintings hang in the National Gallery in Washington. Hoffman says he […]