News

New York-based Conquest Capital Group, a $569 million managed futures shop, is building out its lineup with a strategy launched this month and two others in the pipeline.

Fairfield Greenwich Group has added a senior professional to its team at the hedge fund specialist's New York office. David Horn joins the firm as partner and chief global strategist and will also serve on the firm's board of directors.

Global hedge funds assets reached $2.65 trillion at the beginning of 2008, with over 390 firms in the Billion-Dollar Club, according to a new report.

A top Silicon Valley venture capital firm may be taking its first steps into hedge funds.

Hedge funds dodged a taxing bullet last year, when Congress failed to agree on a rate hike on so-called “carried interest.” But there’s a new call for higher taxers emanating from hedge funds’ hometown: New York City.

Hedge funds should improve disclosure and risk management, and set up independent valuation committees, a pair of government-appointed panels have recommended, voluntary measures that have come under fire from some sectors.

Greg Coffey, the GLG Partners hedge fund manager who resigned on Monday only to un-resign yesterday, may yet leave the firm.

The Japanese government appears set to block a British activist hedge fund’s bid to boost its stake in the country’s largest electric utility.

Merrill Lynch’s prime brokerage has lost a capital introduction veteran in Asia.

GLG Partners, the London hedge fund giant that went public last year, has restated its earning for the past two years, wiping out some US$450 million in profit.