News

The RBC Hedge 250 Index shed a further 1.5% last month, a substantial improvement on October but, given year-to-date losses of 20.18%, cold comfort indeed.

Sextant Capital Management has been barred from selling its hedge fund for another three months, with Canadian regulators saying they needed more time to investigate the firm.

Accused fraudster Bernard Madoff is battling to stay out of jail a week after he was arrested and charged with running a $50 billion Ponzi scheme.

A law school that apparently lost $3 million in the Bernard Madoff scandal has sued one of the hedge funds that invested all of its assets with the disgraced Wall Street legend.

The head of the U.S. Securities and Exchange Commission acknowledged that the agency had failed to detect the alleged scam run by Bernard Madoff despite repeated opportunities over the past decade.

The law firm owned by Marc Dreier, the attorney accused of defrauding hedge funds of hundreds of millions of dollars, has filed for bankruptcy.

A former Lehman Brothers trader is reaping what his old firm sowed at his new hedge fund, which was seeded by Lehman.

It may have been faint praise, but given the economic crisis and last year’s disastrous results, Goldman Sachs’ hedge funds will take it.

Hedge funds lost another 2.34% in November and are down an unprecedented 20.63% since June, according to the Barclay Hedge Fund Index.

Onuoha Odim has joined Titan Capital Group as a partner and senior portfolio manager.