News

Hedge funds edged up in December, according to the Dow Jones Hedge Fund Strategy Benchmarks.

An icy battle between a pair of hedge funds is casting a shadow over one of the central venues of this year’s Winter Olympics in Vancouver.

The Tokyo Stock Exchange is set to roll out a new high-speed trading platform this week. And the hedge funds will reportedly be there to take advantage of it.

Asian hedge fund consulting firm GFIA has added a new wealth management service to its offerings.

Prosecutors may have won another guilty plea in the Galleon Group insider-trading scandal.

Anil Kumar, a former McKinsey & Co. director, has agreed to waive indictment.

Arch fraudster Bernard Madoff spent his first Christmas in prison in a hospital room. But he’ll be marking his first New Year’s Day back in his prison cell.

Legendary hedge fund manager Julian Robertson has received a unique honor: He’s become New Zealand’s first honorary knight.

Lehman Brothers prime brokerage clients have approved a plan that will release some US$11 billion in assets frozen as part of the investment bank’s bankruptcy proceedings in London.

Administrator PricewaterhouseCoopers said its claim resolution agreement was approved by more than 90% of the affected clients of Lehman Brothers International Europe, including some of the largest and most prominent hedge funds in the world.

Faced with something of a hedge fund scandal—albeit a minor one by today’s standards—the nation’s largest public pension fund is strengthening its ethics rules.

Brigade Capital Management says it has tendered all of its YRC Worldwide bonds, so the International Brotherhood of Teamsters has cancelled its planned protest at the hedge fund’s Manhattan office. For now.