News

Bids are due tomorrow for British online bank Egg Banking, and a pair of private equity firms appear likely to be battling each other for control of the lender.

In another sign that the hedge fund industry is all but fully recovered from the financial crisis, the U.K. Financial Services Authority authorized more new hedge funds in the third quarter than it had in two years.

The hedge fund industry on Friday will learn the likely look of the U.S. Securities and Exchange Commission's registration regime.

October was a good month for commodity trading advisers, according to research firm Newedge Group.

For years, Ermitage Group has managed money for the California Public Employees' Retirement System. Now, the hedge fund firm has a new role: information technology provider.

The head of Morgan Stanley's asset management business reiterated that the bank may sell off its minority stakes in several hedge funds.

Shumway Capital founder and namesake Chris Shumway is reducing his day-to-day role at the Greenwich, Conn.-based hedge fund.

Perry Capital's last equity specialist has left the firm and may launch a hedge fund of his own.

Yves Benhamou, the French doctor accused of passing inside information to hedge fund FrontPoint Partners, won bail today for the first time since his arrest more than two weeks ago.

The Blackstone Group and Dynegy Inc. are doing everything they can to push through the private equity giant's takeover of the power company.