Bloomberg - Public pension funds in the U.S. are increasing bets on high-risk hedge funds and real estate in an attempt to fill deficits in retirement plans and make up for their worst performance in six years.
New York Comptroller Thomas DiNapoli is asking lawmakers to increase a cap limiting the amount of so- called alternative […]

Blayney Chronicle- Chris Cuffe cannot escape his tag as the $33 million man. But six years after the former head of Colonial First State left the funds manager with a notorious golden handshake, he is back in the business - only this time doing it for charity.
What is more, he has convinced 15 leading […]

International Herald Tribune- Samuel Israel 3rd bilked his investors out of $250 million, but they are hoping to recoup some of their money from one of Wall Street’s deepest pockets: Goldman Sachs.
Bayou’s creditors were taking aim at Goldman even before Israel, the former manager of the Bayou Group hedge fund firm, surrendered to the authorities on […]