News

It could cost Goldman as much as $621 million to settle the Securities and Exchange Commission’s charges against it, a Sanford C. Bernstein & Co. analyst said yesterday.

One of the victims of the scam, which included the widow of billionaire Paul Mellon, was an unidentified hedge fund manager, according to the charges against Kenneth Starr filed in Manhattan federal court.

Millennium Management is boosting its presence in Asia, naming the Lehman Brothers’ former head of Asian investment banking as its new chairman in the region.

The hedge fund that won the rights to “The Terminator” action movie franchise in February is moving forward with plans to unload the asset.

Whatever her motivations—citizenship, revenge or something else—the ex-wife of the former Pequot Capital Management employee at the center of the insider-trading allegations against the hedge fund probably won’t leave empty-handed.

Citigroup has agreed to pay $1.5 million to settle charges that its supervisory failures allowed one of its brokers and two customers to misappropriate some $60 million in cemetery trust fund money, including hedge fund investments.

Convicted hedge fund fraudster James Nicholson will be in court today as his attorneys and prosecutors wrangle over how long he should spend in prison for stealing $133 million.

The Colorado hedge fund manager who allegedly defrauded investors of more than $100 million and then threatened to kill himself has put his own money beyond reach.

Investors in two Bernard Madoff feeder funds are set to get a decent chunk of their money back.

A California public pension fund is boosting its private equity and cutting its hedge fund allocations, setting the stage for a series of p.e. and fund of hedge funds searches.