Carl Icahn’s bid to keep Steel Partners from consummating its controversial plan to convert its flagship hedge fund into a publicly-traded partnership has failed.

The CFO of Bernard Madoff’s $65 billion Ponzi scheme may have lost his bid to get out of prison, but he’s on the move anyway.

Jupiter Asset Management is giving its new star manager a spot on its flagship hedge fund.

Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority.

Arthur SambergA former Pequot Capital Management employee told his therapist that he was fired when he stopped passing the firm confidential information about Microsoft Corp., his former employer.

David Zilkha, who was fired by Pequot after just a few months, told his psychologist that Pequot founder Arthur Samberg expected him to continue to provide tips about Microsoft, according to transcripts from Zilkha’s divorce proceedings.

Odey Asset Management has sharply reduced its equity exposure after a brutal October.

Accused Ponzi scheme mastermind Thomas Petters told the jury considering his fate that he was not responsible for the massive fraud at his company.

Oaktree Capital Management plans to raise $250 million in a debt sale.

Activist hedge fund manager Harbinger Capital Partners has continued to reduce its stake in The New York Times Co., more than a year-and-a-half after winning a pair of board seats.

Gartmore Set To Float on LSE In DecemberU.K. asset management firm Gartmore announced today that that it will float on the London Stock Exchange in mid-December.