News

Roomy Khan, the prosecution's star witness in the Galleon Group insider-trading case, has settled insider-trading charges leveled against her by the Securities and Exchange Commission.

Julian Robertson is now two-for-two in court battles over his 2000 tax bill.

The Bank of New York Mellon’s Brazilian asset management arm says it plans to launch an onshore, regulated version of its Brazil hedge fund.

The Blackstone Group's third-quarter profit surged 23% as its fee-earning assets under management topped $100 billion.

Conn.-based hedge fund shop Suranya Capital Partners has hired Patrick Littlefield as head trader of the firm's discretionary global macro fund.

BlueCrest Capital Management will shutter the largest UCITS III-compliant hedge fund product, not because of poor performance, but because the structure was failing to track its flagship hedge fund.

The US$630 million BlueTrend UCITS Fund has failed to accurately track the US$9 billion BlueTrend fund—and the disparity is likely to get worse, the firm said.

The Man Group said earlier this month that its merger with GLG Partners would lead to a "handful" of layoffs; if so, the world's largest publicly-listed hedge fund manager is employing rather a large hand.

Tiger Asia Management’s legal troubles have come home to roost: The New York-based firm, accused by Hong Kong regulators of insider-trading, has been hit with a subpoena from the U.S. Securities and Exchange Commission.

Highbridge Capital Management is paying US$270 million for its 55% stake in Brazilian hedge fund Gávea Investimentos, Brazilian media reports.

In a court filing, Assistant U.S. Attorneys Jonathan Streeter and Avi Weitzman wrote that Raj Rajaratnam's legal team had offered no reason to exclude the more than 2,400 recorded conversations from his criminal trial.