News

A pair of Lehman Brothers Asian prime brokerage executives have joined convertible arbitrage shop CQS.

Activist hedge fund Jana Partners says it is reviewing CBS Corp.’s deal to buy Internet media company CNet Networks, but it’s hard to imagine that Barry Rosenstein is anything but thrilled.

Carl Icahn is winning hedge fund support in his bid to force Yahoo! Inc. to merge with Microsoft Corp., as the Internet company battles to fend him off.

Canadian hedge fund manager Sprott Inc. had a rocky debut on the Toronto Stock Exchange after raising C$200 million (US$199.5 million) in its initial public offering.

Its bid for a larger stake in Japan’s largest electric utility is on life support, but The Children’s Investment Fund is taking a new tack in its battle for better returns at the company.

Drum Capital Management, a $1.1 billion private equity fund of funds shop, is launching a $500 million fund to invest in the credit and turnaround space.

Hedge funds able to capitalize on last month’s stock market rally, along with those investing in emerging markets, topped their peers during a strong April for hedge funds, new figures from Hedge Fund Research show.

Merriman Curhan Ford Group, an investment bank best known for cleantech research, is aiming to make its mark in the asset management business.

Chesapeake Capital Corporation, a Richmond, Va.-based commodity trading advisor, has hired Rick Rusin as chief operating officer, responsible for overseeing the day-to-day operations of the firm.

ALPS Fund Services has acquired fellow hedge fund administrator Price Meadows Inc. Terms of the transaction were not disclosed.