News

London-based VCM Fund Management is prepping a trio of hedge funds to invest in alternative energy, macro futures and emerging hedge fund managers.

New York-based Fairfield Greenwich Group, a $16.6 billion fund of hedge funds shop, aims to make its presence felt in the Canadian market in a new joint venture with money manager Sceptre Investment Counsel.

A listed Cheyne Capital Management hedge fund, expecting further difficulty in the asset-backed securities market, has made a tender offer to buy back as much as 10% of its shares.

A new Fortress Investment Group hedge fund betting on a rebound in mortgage-backed securities has fallen by about 30% in its first three months of trading.

Skittish investors gave hedge funds their smallest first-half inflow in five years, as volatile markets and weak returns take their toll on investor confidence.

Cayman Islands authorities have arrested a man in connection with the collapse of several hedge funds last month.

Phillip Goldstein and Carl Icahn were the busiest activist investors during a busy period for activist hedge funds, according to a new report.

Barely a month old, Covepoint Capital Advisors has made a pair of key hires, it said in a letter to investors.

Jamil Baz, a portfolio manager at PIMCO, is joining GLG Partners as its chief investment strategist where he will work with Driss Ben-Brahim on developing the firm's global macro platform and thematic funds.

Two indicted former Bear Stearns hedge fund managers may face new charges, prosecutors said Friday.