The receiver in the Arthur Nadel Ponzi scheme case struck deals with six more investors in the accused fraudster’s hedge fund fraud.

Investcorp, the Bahraini investment bank and alternative investments firm, has won a pair of hedge fund mandates in the U.S.

For the first time in seven months, Australian hedge funds posted a monthly loss in October.

Crescendo Partners, whose activist-oriented portfolio Crescendo Partners III reported a 2% gain last month and is up 151% for the year and 22% since its inception in January 2007, is on a fundraising push.

James BibbingsBy James Bibbings -- For years traders, brokers, and money managers have been able to operate within the over-the-counter retail foreign currency markets (“forex”) with very little regulation.  As a result, trillions of dollars and millions of clients have traded within the industry with little standardization or legal oversight; that is until now. 

Four months after disgraced lawyer Marc Dreier was sentenced to 20 years in prison for defrauding hedge funds of more than $400 million, two of his accomplices have also pleaded guilty.

A pair of new reports on hedge fund compensation offers conflicting stories about how much the average hedgie will get paid this year.

For the second time, a British court has rejected a plan that could speed the return of prime brokerage assets to Lehman Brothers customers.

KKR Financial Holdings, the publicly-traded corporate debt management arm of private equity giant Kohlberg Kravis Roberts, more than tripled its income in the third quarter just a year after losing more than $1 billion.

Accused German hedge fund fraudster Helmut Kiener is still in jail after his claims of diplomatic status were rejected.

Things do not seem to be going very well for accused hedge fund fraudster Thomas Petters.

Outsourcing hedge fund administration isn’t an option, it is a necessity, according to a new report by independent research firm TABB Group.

Alternative investment firm Cutler Capital Management has tapped Christopher Barry to lead the firm’s launch into the institutional marketplace.

Scott Licamele, former vice president of equity research sales at Renaissance Capital, has joined Greenwich, Conn.-based hedge fund Red Star Asset Management.

Ralph Cioffi, after his arrestThe two former Bear Stearns hedge fund managers accused of lying to their clients as their funds collapsed were acquitted on all charges this afternoon.

Ralph Cioffi and Matthew Tannin had been charged with securities fraud and wire fraud—Cioffi also faced a count of insider-trading. But despite a series of e-mails in which both men seemed to be painting a gloomy picture of the subprime mortgage market privately while assuring investors that nothing was out of the ordinary, it took the Brooklyn, N.Y., jury less than two days to find them not guilty.

Hedge funds could be back at $2 trillion by the end of next year, eclipsing their previous asset peak as investors return, Deutsche Bank’s prime brokerage chief predicted.

Activist hedge fund Harbinger Capital Management is up more than 40% through the first 10 months of the year.

While many hedge funds are just keeping pace with the broader markets, three hedge funds are counting themselves among the 100%-plus club so far this year, according to one report.

A former hedge fund employee has made several explosive claims against her former boss, Nomos Capital chief Mark Lowe.

Affiliated Managers Group has taken a stake in Hong Kong-based hedge fund Value Partners Group.