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Oops! Hard-Hit Ebullio Lost 70% In Jan.

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.

 

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German Chancellor Takes Aim At British Block On Hedge Fund Rules

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.

Hedge Fund Fraudster Accused Of Second Scam To Pay Lawyer

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.

Lansdowne Financials Fund Down 4.5%

Mar 17 2010 | 1:32pm ET

The London-based fund “gave up” 3% in Feburary.

North Carolina Hedgie Charged In Ponzi Scheme

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.”

Pennsylvania Ponzi Schemer Cops A Plea

Mar 17 2010 | 1:24pm ET

A Pennsylvania man admitted yesterday that his hedge fund was actually a $12 million Ponzi scheme.

Garden State May Increase Hedge Fund, Private Equity Investments

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.

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Q&A: Distressed Debt Expert Pamela Lawrence A Rarity In Male-Dominated Word Of Hedge Funds

Mar 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.

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