The Cayman Islands has never had any trouble attracting hedge funds to its friendly climes.

A controversial financial regulation reform bill unveiled by Sen. Christopher Dodd this week would exempt some private equity and venture capital firms from registering with the Securities and Exchange commission.

The receiver in the Arthur Nadel Ponzi scheme case struck deals with six more investors in the accused fraudster’s hedge fund fraud.

Investcorp, the Bahraini investment bank and alternative investments firm, has won a pair of hedge fund mandates in the U.S.

For the first time in seven months, Australian hedge funds posted a monthly loss in October.

Crescendo Partners, whose activist-oriented portfolio Crescendo Partners III reported a 2% gain last month and is up 151% for the year and 22% since its inception in January 2007, is on a fundraising push.

James BibbingsBy James Bibbings -- For years traders, brokers, and money managers have been able to operate within the over-the-counter retail foreign currency markets (“forex”) with very little regulation.  As a result, trillions of dollars and millions of clients have traded within the industry with little standardization or legal oversight; that is until now. 

Four months after disgraced lawyer Marc Dreier was sentenced to 20 years in prison for defrauding hedge funds of more than $400 million, two of his accomplices have also pleaded guilty.

A pair of new reports on hedge fund compensation offers conflicting stories about how much the average hedgie will get paid this year.

For the second time, a British court has rejected a plan that could speed the return of prime brokerage assets to Lehman Brothers customers.