News

The Canadian government and the government of the province of Alberta will spend $779 million over 15 years on a carbon dioxide capture project to be located west of Edmonton.

Pacific Gas and Electric Company (PG&E) has contracted with Agua Caliente Solar, LLC, a subsidiary of NextLight Renewable Power, LLC, for 290 megawatts (MW) of solar power to serve PG&E customers in Northern and Central California.

Whitney Tilson is bullish on his hedge fund, but decidedly bearish on the economic recovery.

Silicon Valley venture capitalist (and former gubernatorial candidate) Steve Westly says VC firms should not only invest in cleantech – they should invest in Chinese cleantech.

A former FrontPoint Partners hedge fund manager has launched his own fund with $500 million in initial assets.

State Street Corp. has added custody and foreign exchange services to its hedge fund administration business.

Raj RajaratnamRaj Rajaratnam, the founder of hedge fund Galleon Group, has been arrested and charged with a $20 million insider-trading scheme.

The billionaire—who earlier this month took 236th place on the Forbes magazine list of the 400 richest Americans with a net worth of $1.5 billion—and five others, including two other hedge fund executives, have been accused of using non-public information to trade in several big-name stocks, including Google Inc. and Hilton Hotels Corp. between 2007 and this year.

By Oliver Prock -- The already written off hedge fund sector has reinvented itself after last year’s crisis. Everybody is talking about “UCITS hedge funds” as a new and innovative concept for meeting clients’ increasing demands of consistent returns, market independence and capital protection.

Cadogan Management will be spun-off from Fortis Bank’s asset management arm as part of a management buyout.

With new European hedge fund regulations looming, HSBC Holdings has become the latest firm to offer a product designed to maintain its access to European investors, no matter what happens in Brussels.