News

While the hedge fund industry saw its losing streak continue in November, John Paulson extended his winning streak.

A Connecticut hedge fund is fighting to be allowed to sue Polaroid Corp., one of the many companies caught up in the Tom Petters fraud case.

At a time when many pension plans are taking a step back from their alternative portfolios, one is going full steam ahead.

The latest hedge fund hit by the restructuring bug is Ellington Management Group, which has segregated illiquid assets in its flagship fund and laid off staff.

By David Kurzman -- The recent passage of the federal bailout bill, which includes an extension of the Solar Investment Tax Credit (ITC), has created an estimated $400 billion, eight-year solar market opportunity.

London-based New Star Asset Management Group said a restructuring of its balance sheet that will result in £240 million (US$352 million) of its £260 million (US$382 million) of gross debt being converted into equity.

Hong Kong-based Tai Tam Capital, founded by former WestLB bankers, is prepping an Asia-focused hedge fund to be launched in the first quarter of next year.

The latest numbers from Newedge’s Short-Term Traders and CTA Indices continue to paint a rosy picture for the managed futures industry.

U.K.-based funds of hedge funds lost gorund during the third quarter, falling 9.7%, the lowest return that BNY Mellon has seen since the company started to measure fund of hedge fund performance in 2003.

Sydney, Australia-based hedge fund shop Wallace Absolute Return has removed Richard Wallace from his post as managing director of the firm, effective Dec. 4.