News

A Swiss hedge fund firm has fired one of its managers for posting some of the worst performance numbers in the industry.

The U.S. financial regulation reform bill—Volcker rule and all—came a step closer to reality last night after a marathon series of negotiations.

Hedge funds in Europe—and around the world—have won a reprieve from the European Union’s proposed alternative investment regulations after negotiations over them broke down.

Millennium Management has snared Investec Asset Management’s co-head of credit just a year after he joined the South African firm.

It did not take long for Citigroup’s former star energy trader to give the investors who poured more than $1 billion into his new hedge fund a reason to feel some buyer’s remorse.

A group of veteran derivatives traders are planning a volatility hedge fund focused on Asia.

The new hedge fund managers, hailing from such firms as Barclays Capital, Goldman Sachs, Morgan Stanley Newedge Group, have high hopes for their Caerus Arbitrage Asia Fund, named for the Greek gold of opportunity. The fund is set to debut in August with between US$15 million and US$20 million, according to one of the founders of RSR Capital, Christophe Delorme.

Five of Stark Investments’ 15 partners have left the firm this week, including its president and the heads of its European business.

Japanese hedge fund Funnex Asset Management believes that its future lies to the southeast, and has remade its management team to reflect that.

ING is aiming to take advantage of growing hedge fund demand for derivatives services with a synthetic prime brokerage business.

Coming from a country whose currency is affectionately known as the loonie, a hedge fund whose sole raison d’être is to bet against the euro may seem a bit rich. But Redwood Asset Management is going ahead with it anyway.