Top Story

Activist Relational To Close

Oct 2 2014 | 8:19am ET

Relational Investors, the $6 billion activist hedge fund, will return investor capital and close its doors after its co-founder’s cancer returned.

Ralph Whitworth took a leave of absence in July after his throat cancer recurred. But while Relational had planned to remain in business, suspending only new investments, fears that investors would bolt led it to choose to liquidate the fund.


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Ex-Hedgies Indicted For $34M Fraud

Oct 2 2014 | 11:01am ET

A federal grand jury has indicted two former hedgies for bilking investors of $34 million.

Deutsche Bank Vets Found Credit Hedge Fund

Oct 2 2014 | 8:16am ET

A pair of former top Deutsche Bank credit traders have reunited to launch a hedge fund.

RBC Junks Planned Prop. Desk Spin-Off

Oct 2 2014 | 8:15am ET

U.S. regulators have put a stop to Royal Bank of Canada’s plan to spin-off its proprietary-trading operations as a stand-alone hedge fund.

Neuberger Berman Buys Orchard Square

Oct 2 2014 | 8:14am ET

Neuberger Berman Group has struck a deal for credit hedge fund Orchard Square Partners.

MCP Launches Pan Asia Fund with $66M

Oct 2 2014 | 7:59am ET

Hong Kong's MCP Asset Management has launched its Terra Grove Pan Asia Fund with $62.5 million.

Highland To Pay $225K In SEC Settlement

Oct 2 2014 | 7:02am ET

Highland Capital Management has settled allegations that it made improper cross-trades as market liquidity was drying up during the financial crisis.

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In Depth

Hedge Fund Selection: Sussex Partners’ Patrick Ghali Bullish On The Best Of The Best

Oct 2 2014 | 5:56am ET

Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the idea of using their decades of expertise to select only the best of the best hedge funds and fund of hedge funds and pair them with their extensive rolodex of institutional investors. FINalternatives editor Deirdre Brennan recently sat down with Ghali to find out what kinds of funds make the cut, why he is still bullish on fund of funds, and how Sussex is expanding its business.

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Patrick GhaliPatrick Ghali
Peter HechtPeter Hecht
Ken GriffinKen Griffin


Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…


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September 2014 Cover

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The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.