Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Headstart Advisers and its chief investment adviser, Najy N. Nasser, reaped $198 million in illicit profits, the SEC alleges.
Jerry Bailey, former senior advisory director at Bear Stearns Merchant Bank, is joining Halcyon Asset Management.
The Hennessee Hedge Fund Index declined 1.9% last month and is off 3.5% year-to-date through March 31.
Despite the recent turmoil throughout the financial markets, the hedge fund industry appears to be alive and well, according to the latest calculations showing that the number of funds grew by 14.5% last year, but some say the data may be suspect.
The Managed Funds Association has announced a collaborative partnership with the London's Alternative Investment Management Association.
“I wouldn’t invest in U.S. assets today, but I would buy U.S. paper,” said Sam Zell, chairman of several REITS.
“This is probably one of the most exciting times [for REITs],” said Marty Cohen, co-chairman and co-CEO of Cohen & Steers.
A hedge fund manager testified that a Hollywood private detective once offered to have a movie producer killed for him.
Equity REITs posted total returns, including dividends, of 1.4%, while all REITs were down slightly at 0.42%.
The hedge fund has agreed to buy a 50% stake in the New York-based credit specialist fund manager Ore Hill Partners.
The London hedge fund manager projects net management fee income to grow 15% from the year-ago period.
Assets managed in nearly 10,000 hedge funds totaled $2.16 trillion as of Dec. 31, estimated researchers at Credit Agricole Structured Asset Management in a new report.
In a period of market volatility and anxiety, a Santa Monica, Calif., investment firm is preparing to expand.
Hedge funds — facing forced margin calls and investment redemptions — are selling off wide swaths of their private-equity-type investments in search of cold hard cash.
One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
During last year's fourth quarter, 288 new funds were launched and 154 funds were liquidated, according to HFR.
Carlyle group's David Rubenstein looks to help investors that suffered losses.
