Hartford Courant – A hedge fund manager from Weston pleaded guilty Wednesday to manipulating the price of two biotechnology stocks by concealing his massive purchases of those stocks and lying to the companies, other investors and federal regulators. Scott Sacane […]

Northwest Herald – There is nothing like a bull market to fuel a bull market. Just look at the interest in gold, which has soared to 25-year highs in recent weeks, and in gold-mining stocks. It has been hard to […]

Reuters – Companies under attack by activist hedge funds should step up their defenses or face debilitating proxy and public relations losses, a leading corporate lawyer said this week. Marty Lipton, the Wachtell, Lipton, Rosen & Katz partner who is […]

Wyoming News – America Online on Tuesday agreed to sell a 5 percent stake to Google Inc. in a $1 billion deal that deepens the ties binding two of the Web’s most popular sites while thwarting Microsoft Corp.’s efforts to […]

Business Week Online – Derek Izuel, portfolio manager of the $409 million AIM Global Equity Fund/A (GTNDX ), says he is always looking for ways to improve the models that are the basis for his quant-driven portfolio. When Izuel joined […]

NEW YORK (CNNMoney.com) – What’s in store for hedge funds in the coming year? How about more money … and more scrutiny from regulators and investors. Such funds — private investment pools catering to wealthy investors and employing a variety […]

LONDON, Dec 21 (Reuters) – Hedge fund returns next year could be up on 2005 as volatility picks up, but investors looking for stellar double-digit returns should steer clear of the industry, analysts said. However, for those aiming to diversify […]

Venezuelan President Hugo Chavez is using record revenue from oil profits to purchase bonds from Argentina’s government. Chavez, seeking to embarrass the United States, stepped in for the purchase after the two biggest U.S. banks, Citigroup Inc. and JPMorgan Chase […]

Reuters – Goldman Sachs & Co. (GS.N: Quote, Profile, Research) will discontinue its convertible arbitrage hedge fund index amid a general downturn in the once-lucrative trading strategy, the financial services firm told investors this month. The Goldman Sachs U.S. Convertible […]

Reuters – Bank of Ireland (BKIR.I: Quote, Profile, Research) said on Tuesday it hadagreed to pay $184 million for 71.5 percent of Guggenheim Alternative Asset Management, a U.S. fund of hedge funds manager focused on institutional and high net-worth clients. […]

Reuters – Brokerages regulator NASD said on Monday it imposed fines totaling $19.4 million on three firms — Merrill Lynch (MER.N: Quote, Profile, Research) , Wells Fargo (WFC.N: Quote, Profile, Research) and Linsco/Private Ledger Corp. — for what it said […]

Institutional Investor – Facing a contempt of court charge, Man Financial has now agreed to hand over to the receiver for Philadelphia Alternative Asset Management audiotapes and other communications that may help clarify Man’s alleged role in helping hide some […]