News

The Securities and Exchange Commission today said it has filed civil action against a Tallahassee, Fla.-based hedge fund manager for violating federal securities laws in connection with the sale of collateralized mortgage obligations.

Worldwide market troubles led to a rough month for the year’s best performing strategies in November.

Toronto-based investment bank GMP Capital Trust is set to launch a hedge fund headed by co-founder Michael Wekerle.

For creditors of collapsed Australian hedge fund Basis Yield Alpha, there is some holiday cheer.

Private equity firm Advent International has recruited two new principals, Dan Morgan and Albena Vassileva, to its Central and Eastern Europe team.

The asset-based lending sector will get a bit more crowded next year: Chicago-based WexTrust Capital next month will launch an offshore version of its 14-month old domestic ABL hedge fund.

The Wexford High Yield Debt Offshore Fund is looking to build on the performance of its domestic predecessor, the $25 million Wexford High Yield Debt Fund III, which returned 11.6% this year through October.

Madison Realty Capital, an asset-based lending hedge fund, has named Eric Scheffler as managing director and general counsel.

The Securities and Exchange Commission has slapped a pair of financial advisers for deceptive mutual fund trading on behalf of hedge fund clients.

Investors are fleeing Tudor Investment Corp., as the Greenwich, Conn.-based hedge fund has posted less-than-stellar returns this year.

In spite of the awful performance of its flagship hedge fund, investors don’t seem to be forsaking Goldman Sachs’ hedge fund products.