News

U.S. Energy Secretary Steven Chu, who believes ending the country’s dependency on fossil fuels requires out-of-the-box thinking, has announced $100 million in funding for riskier biofuel, carbon capture and battery projects.

The U.S. Commerce Department’s Patent and Trademark Office (USPTO) will accelerate the examination of certain “green” technology patent applications, Secretary Gary Locke announced on Monday.

Bluewater Power Generation Corporation will establish a solar photovoltaic (PV) test facility at its corporate headquarters in Sarnia, Ontario. The value of the project was not revealed.

By Rickard Lundquist, Portfolio Specialist, SEB Private Banking -- Hedge funds continued to rise sharply in value during the third quarter of 2009, but early in the fourth quarter they showed a small decline in overall returns, according to the HFRX Global Hedge Index. In contrast, the Credit Suisse/ Tremont Index rose marginally (see table below).

A pair of hedge fund managers with impressive pedigrees is readying a hedge fund of their own.

The world’s biggest commodity hedge fund won’t be getting any bigger through new investments.

Hedge funds are back to $2 trillion, reversing their losses of the last year, according to one of the more optimistic estimates of industry assets.

A Florida hedge fund may have been the biggest victim of a Ponzi scheme it is accused of helping run.

EIM’s Arpad Busson lost millions in the Bernard Madoff Ponzi scheme. Now, he’s also lost his glamorous fiancée.

A group of investment fraud victims—including many who were taken to the cleaners by Bernard Madoff—has formed a not-for-profit organization dedicated to helping investors and victims of investment fraud.