New York (HedgeCo.Net) - South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters. 
Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged in September with money laudering, obstruction of justice and mail and wire fraud that were […]

West Palm Beach (HedgeCo.net) - Hedge fund third party marketing firm, Agecroft Partners has hired its 5th Managing Director, Jarratt Ramsey. Jarratt spent the last 11 years at multi-billion hedge fund Chesapeake Capital Management.
"Jarratt is a wonderful addition to our firm. Our business model is to introduce large well established hedge funds in a […]

New York Post - The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with "billions of dollars a day" coming from hedge funds that have pulled their cash from Morgan Stanley and Goldman Sachs, according to several large hedge-fund managers and other Wall Street sources.
The flood […]

West Palm Beach (HedgeCo.net) - Castle Hall Alternatives, a provider of hedge fund operational due diligence, has hired  Kosta Segounis as Senior Manager, he will supervise a team of analysts responsible for operational due diligence on numerous hedge funds. […]

West Palm Beach (HedgeCo.Net) - Hedge fund Bay Harbour Management is poised to take over bankrupt clothing retailer Steve & Barry’s.
The company announced on Monday it has filed a "stalking horse" purchase agreement with the hedge fund in which Bay Harbour will acquire the bulk of the chain’s assets for the bargain price of $163 […]

West Palm Beach (HedgeCo.Net) New York-based Fairfield Greenwich Group ("FGG"), a $16.6 billion global hedge fund and fund of hedge funds management firm has formed a cooperative venture with Sceptre Investment Counsel Limited, one of Canada’s leading independent money management firms.
The venture sees two of the oldest, most established, and most accomplished management firms […]

Reuters - Pictures of hedge fund managers in handcuffs being led away to face fraud charges on Thursday have sent a chilling message to the $2 trillion (1 trillion pound) industry.
The warning was clear: mind what you say in your e-mails if you are a manager and do a lot of due diligence if you […]

Reuters UK- Mortgage market specialist edeus is launching a service that it says will allow investors and bankers to assess the quality of pools of mortgages behind asset-backed securities based on up-to-date information.
Edeus says its service differs from traditional due diligence in its scope; whereas traditional practices look at around 15 percent of a mortgage […]