News

A Chicago hedge fund manager enmeshed in the Thomas Petters Ponzi scheme case is planning a new political party in Illinois to challenge both the Democrats and Republicans.

Kass has been exceptionally pessimistic about the prospects for stocks generally, and the Standard & Poor’s 500 Index in particular.

Michael Rymer was pronounced dead at the scene of the accident in Crystal, Minn., early Saturday morning.

Direct taxes would be a bad idea in the Cayman Islands, domicile of approximately 80% of the world’s hedge funds, a blue-ribbon panel has said.

Hedge fund Twin Capital Management has hired industry veteran Kevin Gahwyler to head its marketing and investor relations operations.

A Macquarie Bank hedge fund manager admitted to front-running his own fund to pay himself “performance fees.”

Hedge fund risk management shop Castle Hall Alternatives is expanding its Halifax, Nova Scotia, headquarters with the help of the province’s government.

The firm has launched its Liquid Alternative Beta Index, Event Driven Liquid Index and Merger Arbitrage Liquid Index.

A pair of convertible arbitrage hedge funds is joining the UCITS III bandwagon.

New Jersey’s public pensions funds will pour $1.2 billion into alternative investments, a move that will increase their hedge fund exposure by almost a quarter.