News

The Bank of New York Mellon’s Alternative Investment Services business has topped $200 billion in assets under administration.

An American activist hedge fund that played a role in the ouster of the CEO of Deutsche Börse more than two years ago is set to take a more active role in the German stock exchange.

Not every media company targeted by Harbinger Capital Partners is interested in giving in: The activist hedge fund seems destined for a proxy battle with Media General.

A former executive at Countrywide Financial Corp., whose leaders have been lambasted for contributing to the ongoing mortgage crisis, has launched a global macro hedge fund shop with a twist.

Susan Estes formed Zetian Capital, which specializes in long/short global fixed-income products, in February. However, the firm's first fund will not invest in illiquid credit markets.

Activist hedge fund manager Pardus Capital Management has suspended investor redemptions in the face of sharp losses in its concentrated portfolio.

Providence Equity Partners, a private equity firm specializing in media, entertainment, communications and information companies, has hired Andrew Tisdale as a managing director in the firm’s London office.

The hedge fund industry continues to attract investors and managers at a rapid clip, even as high-profile blowups in credit-related hedge funds such as Bear Stearns and Sailfish Capital Partners dominate the headlines.

A prominent Canadian hedge fund manager has been charged with buying drugs for an undercover police officer.

The world’s largest publicly-traded hedge fund is joining the alternatives cavalcade to credit. The Man Group said today that it will take a 50% stake in New York-based Ore Hill Partners, which manages some $3 billion in credit hedge funds.

Swiss private bank Union Bancaire Privée and Banco Popolare are teaming up to build a “full-fledged” alternatives manager in Italy.