For the first time since February, hedge funds had a losing month, according to BarclayHedge.

Helmut Kiener, the German fund of hedge funds manager under investigation for fraud, will remain in prison after a court ruled he is a flight risk.

Saturday’s auction of 170 items owned by arch-fraudster Bernard Madoff and his wife exceeded its expected haul, but that money is barely a drop in the bucket for the Ponzi schemer’s victims.

When Greg Coffey left GLG Partners last year, many of his investors also headed for the door. That has proven a costly decision.

Managing less than half the money it had just last year, Harbinger Capital Management is working hard to rebuild.

London-based RWC Partners has hired Cheyne Capital’s Priya Kodeeswaran to run a new hedge fund.

The former Balyasny Asset Management analyst linked to the Galleon Group insider-trading case has been identified as a former analyst at SAC Capital Advisors.

Asia’s largest hedge fund firm is bouncing back from its first-ever annual loss. Tokyo-based Sparx Group posted a ¥119 million (US$1.3 million) profit in its fiscal first-half, it said last week.

A Georgia hedge fund fraudster will spend five years in prison for ripping off investors to the tune of more than $2 million.

Hedge fund veteran Maarten Nederlof has joined Pacific Alternative Asset Management as head of portfolio solutions.

Europe’s largest hedge fund manager has picked BNP Paribas as its custodian in its backyard.

Executive search firm Battalia Winston Amrop has acquired the executive search business of Centennial Advisory Group, which specializes in recruitment for the alternative investment industry.

Collapsed hedge fund Amaranth Advisors has dropped its $350 million lawsuit against Touradji Capital Management.

The Greenwich, Conn.-based firm, which lost more than $6 billion on bad natural gas bets three years ago, said that its continuing investigation has found that the commodities hedge fund shop did not breach its contract with Amaranth to buy the failing hedge fund’s base metals portfolio.

The Bank of America/Merrill Lynch Hedge Fund Generals index up 60% year-to-date (as of mid-November), outperforming the S&P 500 by approximately 40%.

The most pessimistic hedge fund index in the world did not disappoint in October.

A pair of prominent hedge funds is betting big on Citigroup.

Brevan Howard Asset Management, the largest hedge fund manager in Europe, has parted ways with one of its founding partners.

Commodity hedge fund shop Touradji Capital Managament hasn’t lost its taste for gold, but it has restructured its bet on the precious metal.

The $2.7 billion New York-based hedge fund has amassed an US$84.7 million stake in Barrick Gold Corp., Bloomberg News reports.

Mark Campbell, the former head of U.K. hedge fund distribution at JPMorgan Fleming, has lost his battle with cancer.

Future Capital Partners, a £6 billion (US$10 billion) alternative investment boutique, has appointed Andrew Derrington to its business development team.