Tarred by the Raj Rajaratnam insider-trading scandal, hedge fund New Castle Funds is moving to distance itself from its indicted co-founder and to reassure investors.

The trial of two former Bear Stearns hedge fund managers accused of fraud is drawing to a close, with closing arguments in the case scheduled to begin tomorrow.

The founder of Tiger Management and a former Lehman Brothers executive have founded a private equity infrastructure firm.

Ridgewood, New Jersey-based Point Clear Value Management has recently launched its maiden hedge fund.

Clayton CheekScottish investment management firm Martin Currie is well-known in the long-only space, but the firm has been managing hedge funds since 2000. As of the end of September, the firm had $19.1 billion in assets under management, with $1.3 billion of this dedicated to hedge funds. With 45 investment professionals and a staff of 250 based around the globe, Martin Currie calls itself a ‘big boutique’.

FINalternatives recently sat down to chat with Clayton Cheek, who joined the firm in September to expand Martin Currie’s hedge fund sales in the U.S. 

Defeated and decapitated in Asia, activist hedge fund The Children’s Investment Fund is getting out of the region.

Polar Capital CEO Mark Kary has resigned, handing over the reins of the hedge fund to co-founder Tim Woolley.

Seeking to rebuild its battered reputation, the Securities and Exchange Commission has hired a hedge fund insider to improve its examinations group in New York.

Private equity firm Siguler Guff & Co. and BNY Mellon Asset Management are taking their strategic alliance a step further, with the latter taking a minority stake in the former.

New York hedge fund giant Och-Ziff Capital Management posted substantially better-than-expected earnings for the third quarter as it continued to rebuild its asset base.

Boutique investment bank Greenhill & Co. is getting out of the private equity business.

OakRun Capital is taking its flagship hedge fund to Asia.

Nemesis Asset Management is going back to its roots to head its asset management business in the U.K.

The Bank of New York Mellon has promoted Brian Ruane to head its $200 billion hedge fund administration unit.

Barred from one London neighborhood by a lawsuit from a hedge fund marketing firm, former New Star Asset Management chairman John Duffield is setting up shop in another.

Edinburgh, Scotland-based Martin Currie Investment Management has expanded its global equities team with two senior appointments.

Alternative investment firm Altegris has appointed Ken McGuire as chief operating officer.

An investor group led by hedge fund Appaloosa Management has settled a lawsuit stemming from its decision last year to back out of a $2.55 billion financing deal with then-bankrupt auto parts maker Delphi Corp.

Helmut Kiener, the accused fraudster and founder of fund of hedge funds K1 Group, is trying to offload a mansion he owns through a company headed by an accused co-conspirator.

Korea’s Woori Investment & Securities Co. and Singapore’s sovereign-wealth fund will launch a hedge fund joint-venture.