News

Lawyers for Steven Cohen say they will seek sanctions against the SAC Capital Advisors founder’s ex-wife, who last month filed a $300 million lawsuit against him.

Index-based alternative investment solutions provider IndexIQ has named Peter Gorman as senior vice president and senior relationship manager.

The average hedge fund returned more than 20% last year. Clarium Capital went the other way.

A hotly-anticipated new hedge fund founded by a pair of Raptor Capital Management veterans launched its first fundraising drive last year, collecting more than $16 million.

Steve Ilott is out at BlueCrest Capital Management, little more than a year after he joined the British hedge fund to increase its offerings for institutional investors.

New York City Mayor Michael Bloomberg’s charitable foundation started investing in hedge funds at precisely the wrong time.

London-based hedge fund Prana Capital is poised to move its focus—and founder—to Asia.

The HFRI Fund-Weighted Composite Index added 1.25% in December , closing out the year at 20.04%. Just two strategies and substrategies—out of the 23 tracked by HFR—lost ground last year, and only three last month.

Fixed-income convertible arbitrage funds were the strongest strategy in 2009, by some distance.

For the first time in two years, RAB Capital has ended a half with more assets than it started with.

Richard Branson has found success in music, retail, airlines, cell phones and commuter rail service.