News

Clareville Capital is throwing its hat into the UCITS III arena.

Sofaer Capital, which has reduced its London presence to bare bones, is losing its British-based CEO.

Robert White, whose forgeries helped fuel Thomas Petters’ $3.65 billion Ponzi scheme, has been sentenced to five years in prison.

Forbes Private Capital Group, the hedge fund and private equity joint venture of G2 Investment Group and Forbes Financial, have hired for executives.

The London-based fixed-income hedge fund specialist said it would launch new emerging market and global high-yield funds next year. The firm also plans to launch a European government bond unit, which will launch two rates funds of its own.

Fewer hedge funds went out of business in the second quarter, but fewer went into business as well, as investors show an increasingly marked preference for larger, more established firm.

The three-year-old internal Goldman Sachs hedge fund founded by its top proprietary traders is up about 3% this year.

It was a good idea, in theory, but Theory Capital Partners is closing its doors after raising money proved, in practice, too difficult.

BlueCrest Capital Management is poised to raise another £80 million for its listed hedge fund product, the only such product trading at a premium to its net asset value.

Citadel Investment Group is opening not one, but two new hedge fund incubation offices.