Toppled hedge fund Amaranth Advisors LLC, has been censured by the Securities and Exchange Commission and has agreed to pay $716,000 to settle charges of violating securities rules, the SEC said.
Fortress Investment Group LLC has announced that it will buy Florida East Coast Industries Inc. in a deal valuing the Jacksonville, Fla.-based real estate developer at $3.5 billion.
The National Futures Association has permanently barred former associated person Adam Leon from NFA membership.
Despite a solid showing in April, hedge funds still fell well short of the returns of the domestic equity markets, according to the latest data from Greenwich Alternative Investments LLC in Greenwich, Conn.
College enrollment nationwide is expected to rise, and universities are struggling with the increased enrollment, with on-campus housing capacity falling to 24.8% of undergraduates in 2004.
UBS AG will close its two-year-old Dillon Read Capital Management hedge fund unit, the bank said today according to published reports.
The hedge fund industry grew by a healthy 26% in 2006, despite energy market volatility and several hedge fund blowups, according to Hennessee Group LLC’s 2006 Hedge Fund manager survey.
Japan's Financial Services Agency said today that it will begin monitoring hedge funds that operate in Japan, according to published reports.
The number of federal securities litigation class actions hit a record low of 106 cases last year compared to 169 in 2005, although settlement values remained high, according to a PricewaterhouseCoopers study released today.
The money made last year by top hedge fund managers is putting traditional Wall Street pay packages to shame, according to a report in Alpha magazine.
The 100 largest hedge funds now control about 70% of hedge fund money, up almost 20% from 2003, according to Morgan Stanley's prime-brokerage unit, says a Wall Street Journal report.
The hedge fund industry posted record inflows of more than $60 billion during the first quarter, bringing total assets under management to $1.57 trillion, according to data released today by Hedge Fund Research Inc.
Despite being associated with one of the largest hedge fund implosions in recent memory, the multistrategy hedge fund model continues to represent the gold standard for much of the $1.2 trillion industry.
Hedge fund shares fast are becoming an important source of new donations for the Vanguard Charitable Endowment Program.
Citigroup Inc. is in talks to purchase Old Lane LP, a hedge fund run by former Morgan Stanley executive Vikram Pandit for more than $600 million, according to a Wall Street Journal report.
The Greenwich Global Hedge Fund Index rose 0.98% in March, bringing year-to-date returns to 2.82%, according to a preliminary report released today by Greenwich Alternative Investments LLC.
In the first criminal case against a hedge fund for market timing, Beacon Rock Capital LLC and a former broker were charged with defrauding mutual funds of $2.4 million.
BOSTON — Municipal bonds — which finance projects such as roads and sewers — may not be the sexiest investments, but if investor inflows count for anything, OppenheimerFunds Inc.’s Rochester unit looks like Sophia Loren.
The Securities and Exchange Commission is considering whether to raise the financial bar for investing in private-investment pools other than hedge funds.
WASHINGTON — The SEC’s efforts to protect hedge fund investors have stirred up free market enthusiasts, who are making it clear they don’t want the government limiting their investment options.
