News

A 24-year-old former analyst for Pharos Capital Group has decided to leave the confines of private equity for the hedge fund industry.

Alejandro Paschalides in March launched the Carina Capital Fund I, a global macro vehicle specializing in the energy sector. Paschalides said that the mispricings there were so great that he could not resist the opportunity to launch a hedge fund.

A pair of proposals that could have a big impact on the hedge fund and private equity industries have reappeared on the floor of the U.S. Congress.

A former independent director of an Australian hedge fund that collapsed in the wake of its investment in a Goldman Sachs collateralized debt obligation has called on authorities in that country to launch an investigation into the investment bank.

A new Japanese hedge fund aims to take advantage of weakness in the country’s markets with a shorting-heavy strategy.

A pair of Clinton Group alumni has founded a global macro hedge fund shop in New York, seeking out institutional investors for its debut fund.

Lawyers for Galleon Group founder Raj Rajaratnam are seeking to delay his criminal trial, arguing that the charges against him are not specific enough to allow them to prepare a defense.

A sizeable number of Gartmore Group shareholders expressed their outrage at the golden parachute guaranteed its CEO by voting against its pay report.

A year after he quit the first time, Joseph Novarro has again resigned from hedge fund GSA Capital.

Morgan Stanley has hired a Société Générale veteran to boost its hedge fund marketing effort at its London private bank.

A longtime investor in and champion of hedge funds has been tapped to manage the vast fortune of Oprah Winfrey.

Peter Adamson will serve as chief investment officer for the billionaire talk show host and media mogul, who is setting up a family office for the first time. Winfrey is believed to be worth $2.4 billion, and is set to launch her own television channel in January.