The Robin Hood Foundation is under scrutiny by Congress for investing charitable money into its donors’ and members’ hedge funds, Bloomberg reported.
The Greenwich Global Hedge Fund Index increased 1.07% in the month of June, beating out the major market benchmarks.
The House Financial Services Committee heard testimony about risks hedge funds may pose to the investors and the economy.
The Senate Finance Committee is scrutinizing a bill that could raise taxes paid by hedge fund managers and private equity heads.
Hedge funds have beaten out the major indicators in the month of June.
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
TD Ameritrade will not open its books to two hedge funds that have urged it to consider a sale or merger.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
A controversial proposal to raise wealth qualifications in alternative investments is being put on hold by the SEC.
Braddock Financial will liquidate its $300 million hedge fund due to investor fears of subprime mortgage exposure.
Following hedge fund problems, asset management risk control will report to parent's risk czar.
The New York-based hedge fund manager seeks $2 billion in IPO.
As Bear Stearns bails out its sinking hedge fund, another threat looms: lawsuits from angry investors, Reuters said.
Bear Stearns has selected Thomas Marano, head of its mortgage unit, to help save one of its troubled hedge funds, published reports said.
Cantor Fitzgerald of New York is entering the alternative asset management arena.
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
The screenwriting team behind "Ocean's 13" have signed on to pen a new HBO series that the producers of "Entourage" are developing about a group of hedge fund managers, according to Crain's Television Week.
GLG Partners of London has agreed to pay more than $3.2 million to settle charges of illegal short-selling.
The head of SAC Capital has gotten a nice price on his new home in the Hamptons, according to published reports.
