The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
FRM, a London-based global hedge fund manager, will transition its assets to JPMorgan Hedge Fund Services.
Goldman's Global Alpha managers sent a letter to investors saying they would keep the fund open.
NovaStar, the troubled residential lender, will give up its status as a real estate investment trust.
The regulator is probing for relationships between managers, employees, family members and public companies.
High-flying hedgies like to show off their good taste — and extreme wealth — by investing in art.
Goldman Sachs flagship hedge fund lost more than 20% of its value in August, its largest monthly fall.
Unprofitable investments in debt and emerging markets have devoured the value of Old Lane, Bloomberg said.
American Realty Capital Trust, under chief executive Nicholas Schorsch, plans to sell up to 150 million common shares, raising as much as $1.5 billion.
Turmoil in the credit markets will take a big bite out of hedge fund managers' bonuses this year, according to a report.
Hedge funds lost 1.31% in August, marking the first negative returns since July 2006, according to HFR.
It’s only nine in the morning on this late-July day, but Tom Ensign’s white dress shirt is already blotted with dark circles of perspiration. Mr. Ensign, president and chief executive of Provest Management Group, is standing on a football field under a blazing-hot sun, which still is rising in a cloudless blue sky. The pungent smell of earth and grass hangs languidly in the hot, thick air.
Another threat to hedge fund managers: A new proposal may keep them from deferring taxes on compensation, The Wall Street Journal reports.
Hedge funds overall experienced outflows of $32 billion in July, according to data from the TrimTabs/Barclay Hedge Fund Report.
A group of investors in Bear Stearns’ two deflated hedge funds want to replace the funds’ general partner and director.
New York City houses the bulk of the investment banking industry, but it holds second place when it comes to weekly pay.
A judge denied bankruptcy protection for its two failed hedge funds and refused to protect the firm from U.S. lawsuits.
