News

For hedge fund kingpin Steven Cohen, 35,000 square feet is simply not enough. Is the SAC Capital Management chief to go without a dressing room, a breakfast room and a garden room at his Greenwich, Conn. estate?

European hedge and private equity funds will learn next month whether the European Union will seek tighter regulation of them.

Moscow-based hedge fund Pharos Financial Group is opening an office in sunnier climes.

Real estate giant CB Richard Ellis has hired a Goldman Sachs property derivatives expert to oversee equity raising for its hedge fund joint venture.

It may be losing assets at an alarming, and increasing, rate, but GAM said today it will launch a new hedge fund designed to benefit from the market turmoil, promising to commit a “significant” amount to the vehicle.

If you ever wanted to know where that multi-billion person fund keeps its money, Morningstar may soon have your answer.

Guernsey-based Channel Islands Alternatives is feeling good about its Hurdle Fund, a fund of funds, which has posted a 3.49% return year-to-date through October.

Herkules Capital, the Norwegian private equity firm, has held a final close at US$884 million for its third fund, which will focus on Norway and the Nordic Region.

Duke Street, the European mid-market private equity firm, has hired Miles Cresswell-Turner as a partner, specializing in financial services.

By Mesh Tandon -- While central banks have injected $3 trillion into the global economy in the past two months, high yield corporate credit markets are still in a state of decline.