News

Goldman Sachs isn’t the only one that doesn’t want it to pay a record arbitration award to creditors of a collapsed hedge fund.

A hedge fund founded by a nephew of Walt Disney is among the hedge funds fired by a quartet of New York City pension funds.

Hedge funds in one Low Country were lower in June, but then so were hedge funds everywhere, not just in the Netherlands.

BTIG, a broker dealer specializing in institutional trading and related brokerage services, has appointed Michael Nethercott as a director in equity sales trading.

Boston-based broker-dealer Gordon & Co. has hired Sunil Sachdev as director of business development.

The second quarter, likely its next-to-last as an independent corporation, was not a good one for GLG Partners.

Add Bank of America to the list of big banks mulling the future of their proprietary trading operations.

French asset manager Carrousel Capital is marking its tenth anniversary with the launch of a quantitative hedge fund.

His employers could hardly have been more eager to settle the fraud case against them, but Fabrice Tourre, the only individual named in the Securities and Exchange Commission lawsuit against Goldman Sachs, appears ready to fight the charges in court.

Hedge funds opened the first half with modest gains, but some of the industry’s biggest players did substantially better.

Citadel Investment Group’s flagship hedge funds roared back into the black in July. Lone Pine Capital added 5.5% on the month and is up 2% on the year, while SAC Capital Advisors’ flagship added 3.7% last month.