Bloomberg - Ritchie Capital Management and Thane Ritchie, the hedge fund manager’s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates.
Now bankrupt, Petters Group, based in Minnetonka, Minnesota, was raided in September by FBI agents acting on […]

West Palm Beach (HedgeCo.net) - Hedge fund Manager OakRun Capital LLC, has announced the launch of a receivables refactoring fund, the ‘Short Term Fund’. 
The ‘Short Term Fund’, a Cayman Islands exempted fund, launched on October 1st and came in at 9.48% annualized in its first month. The fund’s objective is to generate above average current […]

Bloomberg - BNP Paribas SA, France’s biggest bank, won prime brokerage business in Asia with hedge fund CQS (U.K.) LLP as it seeks to lure clients in the region from rivals.
The new contract with CQS, a London-based hedge fund manager that has an office in Hong Kong and oversees about $7.5 billion, adds to BNP […]

Norwalk Advocate - Hedge fund manager Steven Cohen is no stranger to the Planning and Zoning Commission.
The panel has approved many additions to his Crown Lane estate since he bought it in 1998 for $14 million. The founder of SAC Capital in Stamford is back before the commission.
At its Dec. 16 meeting, the panel […]

International Herald Tribune - Bernard Drury is a rarity on Wall Street: a hedge fund manager who is making money, rather than losing it.
While most hedge funds are declining this year and unsettling the markets in the process, a handful are posting spectacular gains. Drury’s fund, for instance, is up 60 percent since Jan. 1.
How has he […]

West Palm Beach (HedgeCo.net) - According to a report in the Financial Times, London hedge fund manager Alan Miller has returned to the industry after a two-year absence by becoming a partner at SilverStreet Capital, a small London fund of hedge funds manager.
Miller, who co-founded New Star Asset Management with John Duffield in 2001, went […]

Wealth Bulletin - Millionaire hedge fund manager Andrew Lahde might have got it right. The man whose valediction last month to his industry peers announced that “with all due respect, I am dropping out”, left the industry while the going was still relatively good.
, at the time of his speech, nine out of every 10 […]

International Herald Tribune - Bernard Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it.
While most hedge funds are sinking into red this year and unsettling the markets in the process, a handful of them are posting spectacular gains. Drury’s fund, for instance, is up 60 percent […]

Times Online - Hedge funds are supposed to like risk and to love leverage. However, in the current markets, it has all got too much for Man Group.
The world’s biggest quoted hedge fund manager – and historically one of the most successful – shocked investors yesterday by announcing plans to unwind all […]

Daily Mail - Man Group, the world’s biggest listed hedge fund manager, saw profits slide 24 per cent in the last six months as its managed funds fell and fee income dwindled.
It took $107million (£67.4million) hit on upfront commissions for one of its top funds, Man Global Strategies.
Sales to end-September, at $10.2billion, outstripped redemptions […]

New York Times Blogs - After pouring money into Barack Obama’s campaign, what can hedge funds and their executives expect from the new president?
If history is any exmaple, says FINAlternatives, they shouldn’t expect a cuddly relationship.
Mr. Obama didn’t appear sympathetic to the industry on the campaign trail, the publication noted, calling John McCain the […]

Reuters - Hedge fund manager PMA said on Wednesday its flagship macro vehicle focusing on foreign exchange and interest rate markets returned 4.83 percent in October, even as the global financial crisis ravaged many of its peers.
The unit of SPARX Group Co Ltd, Japan’s largest listed hedge fund manager, said the PMA Harvester Fund […]