Mar 17 2010 | 12:23pm ET
The British commodity hedge fund lost 86% in February. But it had already lost most of its money in January, according to updated figures for that month in last month’s report.
Ebullio, which managed US$42.3 million in November, originally told investors it had lost only 1.1% in January. But the fund actually plummeted 69.65% in the first month of the year.
Mar 17 2010 | 1:49pm ET
A combative Angela Merkel blasted British Prime Minister Gordon Brown over the latter’s refusal to accept the European Union’s proposed alternative investments rules.
Mar 17 2010 | 1:34pm ET
Hamilton Bird, who pleaded guilty to ripping off investors in his XL Capital Partners hedge fund of $12 million in 2008, finds himself charged with launching a new scam to finance his defense.
Mar 17 2010 | 1:32pm ET
The London-based fund “gave up” 3% in Feburary.
Mar 17 2010 | 1:26pm ET
A North Carolina hedge fund manager has been accused of defrauding investors of hundreds of thousands of dollars in what regulators call an “out and out scam.”
Mar 17 2010 | 1:24pm ET
A Pennsylvania man admitted yesterday that his hedge fund was actually a $12 million Ponzi scheme.
Mar 17 2010 | 12:34pm ET
New Jersey’s public pension manager is looking to hedge funds and other alternative investments to help it fill the growing gap between its assets and its promises.
More NewsMar 15 2010 | 11:13am ET
It’s estimated that women manage only 3% of the $1.5 trillion invested worldwide in hedge funds. That makes Pamela Lawrence, co-founder of distressed debt hedge fund Restoration Capital Management, a rarity.
Mar 16 2010 | 6:45am ET
Just a few years ago prime brokers viewed hedge funds as their main counterparty risk. Oh how times have changed. Industry experts and guest contributors Ron Suber and Aaron Vermut discuss where the prime brokerage industry has been, where it is now, and more importantly, where it is going in the future.
Feb 26 2010 | 12:11pm ET
Tiger Management founder Julian Robertson has ensured that when an art museum in his home state reopens, a major hole in its collection will be filled.
Pablo Picasso, Seated Woman, Red and Yellow Background, 1952