Feb 8 2012 | 3:50pm ET
It was a middling January for hedge funds, but some of the industry's biggest names managed to do better.
Pershing Square Capital Management's fund rose between 6.1% and 6.3% in January. Maverick Capital and Third Point weren't far behind, with the former bouncing back from a 15% drop in 2011 to return 5.89% last month, and Third Point Ultra added 5.8% after a 2.3% dip last year.
Feb 8 2012 | 3:17pm ET
It promises to be an interesting three-and-a-half month run-up to Rajat Gupta's insider trading trial, as both sides continued to bicker and prosecutors promised additional allegations against the former McKinsey & Co. chief.
Feb 8 2012 | 1:37pm ET
Stocks had their best January in almost 20 years last month. Hedge funds cannot say the same.
Feb 8 2012 | 1:33pm ET
Lazard Asset Management has launched a new fund of hedge funds with a low minimum investment requirement.
Feb 8 2012 | 1:32pm ET
Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management trader Todd Newman have a few more allegations to fight in court.
Feb 8 2012 | 1:31pm ET
Goldman Sachs' former special situations chief will launch his new firm's maiden hedge fund next quarter.
Feb 8 2012 | 12:58pm ET
A fake Atlanta hedge fund manager was sentenced to more than eight years in prison for ripping off investors to the tune of $8.8 million.
More NewsFeb 8 2012 | 9:31am ET
Direxion president and CIO Dan O’Neill says portfolio diversification is about asset classes, but it’s also about strategies. To O’Neill’s way of thinking, Direxion has been in the alternative asset business for years, and now the firm is poised to launch additional “alternative” investments—both mutual funds and ETFs.
Feb 2 2012 | 6:15am ET
On January 31, the SEC held an all-day conference to deliver a clear message: CEOs and senior management will be held responsible for creating, managing, and maintaining an effective control environment. Deborah Prutzman, CEO of The Regulatory Fundamentals Group, says that it is critical for asset managers to honestly assess the risks facing their firms and evaluate whether their business processes are sufficiently robust to protect investors, employees and their firms.
Deborah Prutzman Feb 2 2012 | 2:37am ET
Claren Road Asset Management co-founder Sean Fahey isn't doing much to endear himself to his future California neighbors.
Jan 23 2012 | 11:26am ET
South Florida’s version of Occupy Wall Street—Occupy Palm Beach Country—is staging what I’ve been told is a less-than-impressive protest outside the GAIM conference site. Read more…