News

Congressional Democrats went back to the drawing board to further water-down their financial regulation reform bill as the namesake of its flagship alternative investments rules expressed misgivings about the legislation.

Turnabout is fair play, so Deutsche Bank, which recently lost its capital introduction to Bank of America Merrill Lynch, has turned to the same firm to replace him.

As regulators and others rush to the courthouse to sue and be sued over collateralized debt obligations, UBS is back, refilling its lawsuit against hedge fund Highland Capital Management.

Fresh from hiring a new chief investment officer, Odyssey Investment Management is launching a pair of hedge funds.

The New York-based firm has opened its Special Situations Bond and Convertible Bond Opportunities funds to outside investors. Each of the funds has a capacity of between $300 million and $500 million.

A phalanx of hedge funds led by Paulson & Co. is crying foul over Lehman Brothers Holdings’ bankruptcy plan, saying that it treats some creditors unfairly and will lead to years of litigation.

A former Securities and Exchange Commission lawyer who claimed he was fired for pursing a probe into hedge fund Pequot Capital Management has won a $755,000 settlement from the regulator.

Gina Germano’s April resignation reportedly came from “out of the blue."

Farallon Capital Management is restructuring a $1.5 billion securitized loan that one credit ratings agency said it in danger of “imminent default.”

Veritas Asset Management has hired Newton Investment Management’s Ross Ciesla to boost its private client team.

D.E Shaw Group is poised to enter a joint-venture with Indian billionaire and industrialist Mukesh Ambani, as the latter prepares to move into the financial services sector.