News

Sen. Charles Schumer is threatening to block European alternative investment funds from marketing or raising money in the U.S. if the European Union adopts new regulations that have a similar effect on American funds in Europe.

Former IBM executive Robert Moffat is set to become the 11th person to plead guilty in the Galleon Group insider-trading scandal.

The world’s largest publicly-listed hedge fund manager saw its pre-tax profit fall by more than half and assets under management continued to fall, as its flagship strategy suffered last year.

A Securities and Exchange Commission report backs its claims against private equity firm Allied Capital, Greenlight Capital said.

Corzine was named chairman and CEO of MF Global Holdings, the futures brokerage spun off from the Man Group three years ago, and will become and operating partner of private equity firm J.C. Flowers.

The London-based hedge fund posted a £6.95 million loss before taxes and exception items in 2009 as investors spent most of the year fleeing the firm.

In a homecoming of sorts, quantitative hedge fund firm CQS is opening an office in Sydney, Australia.

Chris Paige had been seeking the Republican nomination to challenge Rep. Paul Kanjorski (D-Pa.) in northeastern Pennsylvania’s 11th congressional district.

Colin Watson joins from Hartford Investments Canada, where he was a member of the finance team.

The founder of Raleigh, N.C.-based hedge fund Yellowstone Partners saw the number of criminal counts against him increase 18-fold.