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Steel Wins Dismissal Of Icahn Bid To Block Restructuring

Carl Icahn’s bid to keep Steel Partners from consummating its controversial plan to convert its flagship hedge fund into a publicly-traded partnership has failed.


Madoff Lieutenant Moved To Suburban Jail

The CFO of Bernard Madoff’s $65 billion Ponzi scheme may have lost his bid to get out of prison, but he’s on the move anyway.


Jupiter Puts New Star Hire On Top Fund

Jupiter Asset Management is giving its new star manager a spot on its flagship hedge fund.


Dynamic Decisions Case: Are Feeder Funds Benefiting By Calling It Fraud?

Gabriel KurlandGabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority.


Alleged Pequot Tipster Said Samberg Sought Insider Information

Arthur SambergArthur SambergA former Pequot Capital Management employee told his therapist that he was fired when he stopped passing the firm confidential information about Microsoft Corp., his former employer.

David Zilkha, who was fired by Pequot after just a few months, told his psychologist that Pequot founder Arthur Samberg expected him to continue to provide tips about Microsoft, according to transcripts from Zilkha’s divorce proceedings.


Odey Cuts Back On Stocks After Big October Loss

Odey Asset Management has sharply reduced its equity exposure after a brutal October.


Petters Takes The Stand, Points Fingers

Accused Ponzi scheme mastermind Thomas Petters told the jury considering his fate that he was not responsible for the massive fraud at his company.


Oaktree In $250 Million Bond Sale

Oaktree Capital Management plans to raise $250 million in a debt sale.


Harbinger Sells Off More Times Shares

Activist hedge fund manager Harbinger Capital Partners has continued to reduce its stake in The New York Times Co., more than a year-and-a-half after winning a pair of board seats.


Gartmore Set To Float on LSE In December

Gartmore Set To Float on LSE In DecemberU.K. asset management firm Gartmore announced today that that it will float on the London Stock Exchange in mid-December.


List Of New Goldman Sachs Managing Directors

Please find below a complete list of Goldman Sachs Group Inc.’s newly-minted managing directors for 2009.


Buy-Side Traders Fear ‘Unintended Regulatory Consequences’

What keeps institutional investors, hedge fund managers and other buy-side professionals up at night?


Touradji Blames ‘Disgruntled’ Ex-Employees For Amaranth Lawsuit

Paul TouradjiPaul TouradjiAccording to commodity hedge fund honcho Paul Touradji, all of his legal troubles are the fault of a pair of former employees.

The Touradji Capital Management founder said that a “malicious” rumor-mongering campaign on the part of Gentry Beech and Robert Vollero, as well as Beech’s father, Gary, was the source of collapsed hedge fund Amaranth Advisors’ recent lawsuit against himself and his hedge fund.


Phibro Seeks Hedge Fund Investors As Sale Nears

Phibro, the soon-to-be-former Citigroup proprietary commodities trading desk, has hired a Blackstone Group unit to drum up investors.


Bank Break-Up Rule Would Apply To Hedge Funds

A proposal to give the federal government the power to break-up large financial firms whose failure could put the economy at risk would cover hedge funds, its sponsor said.


Ex-Merrill CEO Explores Private Equity Opportunities

After decades on Wall Street, John Thain is considering his alternatives.


Paulson Says Bank Of America Bet Could Pay Off Big

John Paulson earned billions when his bets against the subprime mortgage market proved prescient. He’ll earn billions more if he’s right about Bank of America’s turnaround.


Hedge Fund Inflows Top $10B In Oct.

The global hedge fund industry grew for the sixth-straight month in October, as inflows easily outpaced performance losses.


RBC: Hedge Funds Down 0.25% Last Month

Hedge funds shed 0.25% in October as volatile markets inflicted a rare monthly loss on the industry.


Tantallon Research Japan Founder Joins JPMorgan

Hedge fund manager Jesper Koll is returning to JPMorgan Chase to lead its Japanese equity research team.