Forbes.com - SkyBridge Capital, LLC, which provides strategic capital to new and early-stage hedge funds, and Capital Returns Master, Ltd., a global long/short equity hedge fund focused on the insurance industry, today jointly announced that SkyBridge Capital has invested in Capital Returns from its SkyBridge Capital Partners, L.P. and SkyBridge Capital (Cayman) Ltd. Funds.
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 New York Post - Following months of steadily declining returns in his hedge fund, John Meriwether is offering some investors an early out.
Investors of the JMW Global Macro fund, the smaller of the two funds managed by Meriwether’s JMW Partners, are being offered the chance to pull out their money as soon as […]

Bloomberg - Galleon Group, the $7.5 billion hedge-fun firm founded by Sri Lankan-born Raj Rajaratnam, plans to set up an Asian portfolio that will trade bonds, interest rates and currencies by betting on macroeconomic trends.
The macro fund will start at $250 million and increase to $1 billion by the end of the year, Rajaratnam said […]

West Palm Bdeach (HedgeCo.Net) - The world’s largest chocolate seller Mars Inc. is finalizing a deal to purchase gum giant Wrigley Jr. Co., for a price tag of about $23 billion.
Warren Buffett will provide $4.4 billion of subordinated debt to fund the deal through his company, Berkshire Hathaway Inc. Buffet’s company will also purchase $2.1 […]

Reuters - Greg Coffey, one of the hedge fund industry’s top performers with a pay packet to match, looks set to start his own hedge fund firm when he leaves GLG Partners in October.
Coffey, who finally resigned last week — forfeiting a bonus reportedly worth around $250 million […]

Financial Times - Hedge fund managers in danger of missing out on lucrative performance fees routinely raise their exposure to risk in a gamble to meet their performance targets, according to new research.
The study* raises questions as to whether hedge fund managers are acting in the best interests of their investors - who may want […]

Denver Post- Not long ago, hedge funds were so hot that conferences traveled the country showing investors how to start their own. With returns falling back to earth, the buzz has waned.
Hedge funds, which generally cater to big institutional investors and wealthy individuals, attracted $16.5 billion in new capital during the first quarter of 2008, […]

Reuters- Hedge fund Nanes Delorme Partners submitted on Friday three nominees for the board of VAALCO Energy Inc, the oil and gas company it has urged to explore strategic alternatives.
In a filing with the U.S. Securities and Exchange Commission, Nanes Delorme, which owns 8 percent of VAALCO, said its nominees would work with the rest […]

Conde Nast Portfolio- It’s easy to be awed by the sums of money made by John Paulson and the Goldman Sachs mortgage desk. But compared to the amount of money tied up in RMBS, the profits made by shorting mortgage-backed securities have been tiny. For Paulson to have played a significant role in stopping the […]

Wall Street Journal- David Einhorn’s hedge fund isn’t the biggest. He doesn’t usually badger companies, nor does he broadcast his opinions about the market.
Still, Mr. Einhorn is emerging as one of the most public faces of an industry accused of reticence and secrecy. While not known for being overly critical of companies, the 39-year-old manager […]

Daily Telegraph- The Telegraph is spotlighting the 1,000 most powerful in British business. These top-ranked British-based business people will be drawn from a range of industries.
We’ve divided British business into ten broad sectors. We are running a top 100 list in each sector, highlighting the achievements, colourful backgrounds and in some cases the unusual […]

Seattle Times- Some mutual funds aim to give you most of the stock market’s long-term gains without those wrenching drops.
Yes, there are some good ones that do exactly that. They use various hedging strategies to protect against market declines. After the past few tumultuous months, you probably don’t need to hear too much more to […]