News

French President Nicolas Sarkozy appears poised to demolish the growing consensus around proposed European Union hedge fund regulations in a bid to put an end to the so-called “passport.”

One of Gartmore Group’s funds is flying the coop in the wake of the resignation of its manager.

Former New York Comptroller Alan Hevesi is set to plead guilty to corruption charges stemming from the pay-to-play scandal at the state’s public pension fund that ensnared several prominent alternative investments firm.

The Blackstone Group’s fund of hedge funds unit has struck upon a new business line: seeding former proprietary traders’ new hedge funds.

Blackstone Alternative Asset Management plans to launch a fund dedicated to seeding traders chased from banks by the newly-enacted Volcker rule, which bars proprietary trading. The new vehicle could close as soon as next month.

Thanks to a couple of hedge funds, the Tribune Co.’s newspapers and television stations are on the verge of exiting bankruptcy.

International law firm Greenberg Traurig is beefing up its hedge fund team with two high profile hires.

Russia’s Otkritie Securities has unveiled an ambitious plan to expand its year-old prime brokerage.

A pair of British-based hedge fund managers is among the richest young Australians, according to an annual survey.

The Managed Funds Association has added a British hedge fund manager to its board as the primarily U.S. lobby group casts its eye across the Atlantic.

Another European hedge fund has moved its products onshore in advance of (increasingly unlikely) new European Union rules covering hedge funds.