The SEC has filed an injunctive action against James G. Marquez, a principal of the failed Bayou Fund.
BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.
The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.
Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
Smaller, newer hedge funds continue to outperform the big dogs, according to the research from PerTrac Financial Solutions.
The number of foreclosure filings rose to 243,353 in April, up 4% from March and up 65% from the same month a year ago.
Toll Brothers reported double-digit declines in new home orders, revenue and home prices in its second quarter.
The private-equity fund is part of a move to invest in sectors that haven’t been hit by the credit crunch.
California has backed away from a controversial proposal to regulate hedge funds under strong opposition from its hedge fund industry.
Advisers may see increasing numbers of mutual fund products that include alternative-investment strategies.
Hedge funds gained ground in April, rebounding from a rough March, according to industry indicators.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
The Managed Funds Association, following the direction of many of its hedge fund members, is moving to get ahead of an expected trend toward increased regulatory oversight.
Ex-execs committed securities fraud by allowing a hedge fund to profit by quickly trading shares, the SEC alleges.
Derek Kaufman, who spent 12 years at JPMorgan, will serve as the hedge fund's senior managing director.
Greg Coffey, a portfolio manager with the hedge fund, who oversees $7 billion in assets, is stepping down May 1.
