News

Fairfield Greenwich Group, the New York-based fund of hedge funds firm that was the biggest single investor with admitted Ponzi schemer Bernard Madoff, is giving up control of most of what is left of its business.

A former partner at commodities hedge fund Ospraie Management is readying his own hedge fund that will invest in the sector.

BlueGold Capital Management has certainly struck gold this year.

By Ankur Samtaney, Eurekahedge Analyst – The Eurekahedge North American Arbitrage Hedge Fund Index returned 1.5% in April, amid strong risk appetites and a resultant jump in the equity and high yield markets.

Convertible arbitrage went from being one of the worst-performing strategies in the in 2008, to one of the best-performing strategies in the first quarter of this year, according to a new report from the Credit Suisse Index Co.

New York-based Malbec Partners has appointed Costas Hamakiotes to its emerging markets team as senior trader.

Pennsylvania’s Ben Franklin Technology Partners (BFTP) has awarded $55,000 clean technology grants to four Pennsylvania companies.

GreenFuel Technologies, the Harvard-MIT algae company, is ending operations.

Pacific Gas and Electric Company (PG&E) has signed a series of contracts with BrightSource Energy, Inc. for a record total of 1,310 megawatts (MW) of solar thermal power.

Husk Insulation, a Michigan startup company with a technology that could make refrigerators more efficient, has won the $200,000 MIT Clean Energy Prize.