Hennesse Hedge Fund Index falls 2.4%, the fourth worst month ever.
The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%.
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.
After a buyout, a company cuts an average of 7% of its workforce, but new positions in new locations are added at a 6% clip.
Ex- hedge fund chief James Marquez was ordered to serve 51 months for conspiring to defraud investors.
The recommendations are designed to handle conflicts of interest between managers and investors.
The mother convicted with her son in a multimillion-dollar hedge fund scheme will be sent back to Turkey.
On Thursday, Mojo HD, the high-definition channel, will launch a programming block that revolves around the lives of individuals who work in finance.
Despite being caught in the 2007 credit crunch, hedge funds gained 14.13% for the year according to Morningstar.
The influence of hedge funds is introducing a new set of challenges for corporate investor relations departments.
Despite a troubled economy, the hedge fund industry attracted a record $194.5 billion in new investor capital in 2007.
Outgoing Rep. Richard Baker, R-La., will be the new president and chief executive of the Managed Funds Association.
Ex-Fed chief Alan Greenspan’s guidance will be exclusive during his tenure at Paulson & Co.
The Greenwich Global Hedge Fund Index returned 0.61% in December and gained 11.15% in 2007.
GSO Capital Partners is an alternative asset manager specializing in leveraged finance.
The HFR Fund Weighted Composite Index advanced 0.68% in December and gained 10.4% in 2007.
One way or another, the fallout from the subprime mortgage meltdown and the broader credit crunch is expected to alter the complexion of the alternative investments industry in the year ahead.
