News

Goldman Sachs’ top hedge fund manager is leaving the firm to start his own hedge fund.

Pierre-Henri Flamand, who has headed Goldman Sachs Principal Strategies for since before its transformation into a hedge fund in 2008, will retire after 15 years at the Wall Street giant. Flamand’s move comes after GSIP, like many hedge funds, rebounded from a difficult 2008 to post big gains.

The former CFO of New York hedge fund Boston Provident Partners has pleaded guilty to bilking the firm out of $3 million.

Quadrangle Group co-founder Steven Rattner is in talks with New York Attorney General Andrew Cuomo to settle his role in a pay-to-play probe of the state’s largest public pension fund.

Adam Sackett, co-head of trading at hedge fund Third Point, died Wednesday night. He was 35 years old.

The British pension protection agency is to make its first foray into hedge and private equity funds, and in a big way.

Tom Humphrey has been named a partner of the firm and a member of its executive committee.

The law firm that prepared the prospectuses for admitted Ponzi schemer Arthur Nadel’s six hedge funds will have to defend themselves against allegations that they were negligent after a judge dismissed their bid to toss the lawsuit.

A group of British pension funds has poured US$340 million into a catastrophe reinsurance hedge fund.

The former chief investment officer of a New York public pension fund has pleaded guilty to his role in a pay-to-play scandal that involved a number of prominent hedge funds and private equity firm.

Hedge fund VCG Special Opportunities Master Fund has lost its bid to force a Citigroup broker-dealer division into arbitration over claims that the bank “suckered” the hedge fund into losing more than $18 million on credit-default swaps.