News

Denver-based Quixote Capital Management is closing its doors, its crusade fatally wounded by the ongoing credit crisis.

A pair of ex-Iron Mountain Capital Partners executives has started its own fund of hedge funds shop, and is prepping its maiden offering for launch this summer.

Ron Laurent, managing partner and chief investment strategist, Benjamin Browning, managing partner and chief compliance officer, and Deborah Grosser, director of marketing, started the Veritas Global Alpha Fund in March.

A former Ohio mayor was sentenced to four years in prison yesterday for running a hedge fund scam that cost his victims more than $150,000.

Investable hedge funds swung back into the black last month, but remain mired in red year-to-date.

Less than two years after buying the emerging market credit shop, troubled hedge fund Absolute Capital Management plans to spin off Argo Capital Management.

Another hedge fund shop has called it quits and this time performance, or lack thereof, is the culprit.

Mortgage-backed securities hedge fund manager Structured Portfolio Management has recruited Charles Smart as senior vice-president for trading and portfolio management.

It’s the letter that managers hope they never have to write and investors wish they never have to read, especially when a fund is posting good returns.

The first criminal mutual-fund market-timing case had made a former hedge fund broker the first to be sent up the river in the scandal that rocked the hedge fund and mutual fund worlds.

A team of veterans of trouble hedge fund Shooter Fund Management are striking out on their own.