Arizona Daily Star – The hedge-fund industry has achieved considerable success selling investments designed to make money no matter how the stock market fares. So far, the relative handful of mutual funds using hedge-fund strategies has not made market inroads, […]

Forbes – ABN Amro Holding NV said it agreed to acquire International Asset Management (IAM), a London and New York-based fund of hedge funds manager with around 2.6 bln usd of assets under management. The transaction is subject to the […]

Globe and Mail – For months, investigators probing the collapse of hedge fund company Portus Alternative Asset Management Inc. have been searching for a stash of 100 diamondsallegedly bought by company co-founder Boaz Manor. Their search landed in Israel’s highest […]

The Daily Yomiuri – Rising interest among investors has resulted in explosive growth of hedge fund investments in Japan, and 2006 will see both continued growth and good investment returns for an industry that is becoming mainstream. While many of […]

Reuters – Investment bankers in Asia, emboldened by fat bonuses and unprecedented demand for their services, are expected to jump ship at a dizzying pace as the job-hopping season begins in earnest. Merrill Lynch, Citigroup and other banks are due […]

This is Money – Hedge fund managers of RAB Capital are set for another bumper payday as the quoted group shrugged off several months of poor performance to book profits of more than £25m, up 43% on the previous year. […]

Chicago Sun-Times – Insurgent shareholder William Ackman presented a new proposal to restructure McDonald’s Corp. on Wednesday — and the company rebuffed him a second time. Ackman said Oak Brook-based McDonald’s should put its company-owned restaurants into a separate corporation, […]

Reuters – Mellon Financial Corp. (MEL.N: Quote, Profile, Research) on Wednesday defended itsrecord and rejected calls from one its largest investors to split its investment management and processing businesses to help boost the company’s share price. In a firmly worded […]

Liberty Group Ltd., South Africa’s third-biggest insurer, is pressing ahead with plans to sell an Australian unit and a hedge fund business and hopes to complete the deals quickly, Liberty Chief Executive Myles Ruck said. Liberty may receive A$150 million […]

Philadelphia Inquirer – A Boston hedge fund participated in an illegal scheme to drive down the share price of American Business Financial Services Inc., according to the bankruptcy trustee who is liquidating the former Philadelphia mortgage lender. Boston Partners Asset […]

IPE.com – Using hedge funds can halve the probability of extreme loss in a portfolio, according to a new study from Edhec Risk and Asset Management Research Centre. Rather than consider hedge funds as a separate asset class, the study […]

Bloomberg – Man Group Plc’s U.S. brokerage unit violated a court order by failing to turn over $179 million it took from Philadelphia Alternative Asset Management, a hedge fund that collapsed last year, according to the receiver in the case. […]