News

If you’re planning to involve a hedge fund manager in a kickback scheme, it’s probably best to make sure he’s actually a hedge fund manager.

A rough November is putting a crimp in hedge fund giant RAB Capital’s bottom line.

Merchant banking firm Grail Partners has bought a minority stake in Sausalito, Calif.-based quantitative hedge fund shop Creighton Capital Management.

By R. Mark Keenan and Craig M. Hirsch

Will losses from securities backed by subprime mortgages lead to litigation against my hedge fund and its managers?

High-profile celebrity attorney Debra Opri has agreed to represent Bill Ash, a key witness in the death investigation of hedge fund millionaire and CNBC financial analyst Seth Tobias.

Law firm Baker, Donelson, Bearman, Caldwell & Berkowitz has hired Robert Cornish to serve as counsel and a member of the Securities/Corporate Governance practice group.

Houston-based EnCap Investments, an energy-focused private equity firm, has closed its seventh fund, with total capital commitments of $2.5 billion.

Fund of hedge funds shop Private Advisors has appointed Bruce Barrett and Peter Fink as managing directors.

The $42.3 billion Illinois Teachers’ Retirement System has ramped up its private equity and 130/30 portfolios with new mandates.

November was not a good month for hedge funds. But the numbers make one thing clear: It was no August.