Hedge Funds and CTAs

Madrid-based Vega Asset Management yesterday resigned from the private creditors steering committee, complaining about Greece's proposals on how to proceed with a voluntary bond swap.

December redemption requests are actually a tick lower than last year, despite the fact that the average hedge fund rose more than 10% in 2010 and is down about 4% this year.

A former proprietary trader, a derivatives expert and an ex-Massachusetts Institute of Technology professor are behind a new algorithmic hedge fund set to launch next year.

The Harbinger Capital Partners-backed wireless Internet venture yesterday pressed the Federal Communications Commission to affirm its licenses and give it the approvals it needs, despite opposition from the global positioning system community.

Former Man Group chief Harvey McGrath has resigned from insurance giant Prudential following a failed acquisition bid.

Despite billions in financing from Harbinger Capital Partners, wireless Internet venture LightSquared is on the verge of running out of money.

Financial statements show that the Reston, Va.-based company's may not be able to "continue as a going concern" beyond the second quarter of next year with additional capital.

While Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America held no holiday parties for their employees, alternative investments firms aren't without the holiday spirit.

Clean-energy and other socially-responsible investing teams are getting the axe all over the world—and hedge funds are no exception.

A new hedge fund founded by former managers at Blue Ridge Capital and Eton Park Capital Management hasn't launched its first product yet, but it has moved on to its second chief operating officer.

Are diamonds an investor’s best friend?