Pottstown Mercury – I have seen the future of conservatism and … he is a hedge fund manager.

I refer to hedge fund manager Clifford S. Asness, and I’m only halfway kidding. Or maybe I’m not kidding at all. The fact is, Asness has launched the single most lucid and inspiring counter-attack against the Obama administration’s brazen assault on capitalism as seen in its Chrysler bankruptcy shakedown.

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Tags: bankruptcy, capitalism, chrysler, clifford, conservatism, hedge-fund-manager, mercury, obama

International Herald Tribune – A Silicon Valley hedge fund manager has been arrested in Hong Kong on charges that he bilked investors out of at least $5 million.

According to a criminal complaint unsealed Wednesday in San Jose federal court, Albert Hu faces six counts of wire fraud charges for an investment fraud scheme involving hedge funds he administered from 2002 to 2008, the San Jose Mercury News reported.

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Tags: criminal-complaint, fraud scheme, hedge-fund-manager, hong kong, international-herald-tribune, investment fraud, investors, jose mercury news, mercury, san jose mercury, san jose mercury news, silicon-valley, wire fraud charges

Bizjournals.com – After watching Sonesta International Hotels Corp. lose roughly 70 percent of its stock market value over the past 18 months, a Connecticut hedge fund has shed roughly a third of its holdings in the Massachusetts-based hotel operator.

In a recent regulatory filing, Mercury Real Estate Advisors, based in Greenwich, Conn., said it sold around 23,400 shares of Sonesta stock (Nasdaq: SNSTA) between Jan. 20 and Feb. 10, bringing its total ownership in the company to 206,048 shares. Those holdings equate to around 5.6 percent of Sonesta’s common stock outstanding.

Mercury’s ownership stake was more than 9 percent in mid 2007, when Sonesta’s stock traded above $30 a share. Sonesta’s stock opened Monday at $9.50 a share.

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Tags: common stock, conn, connecticut, greenwich, hotel operator, hotels, international hotels corp, massachusetts, mercury, nasdaq, ownership-stake, real-estate, snsta, sonesta international hotels corp, stock market value