Man Group has announced that it has entered into a conditional agreement to acquire Numeric Holdings LLC.
Fortress Investment Group hired two foreign-exchange specialists including Citigroup's Jeffrey Feig, taking advantage of turmoil at global currency dealers to bolster its hedge funds.
The Securities and Exchange Commission has sounded a warning to Wall Street and corporate America, taking aim at a hedge fund not only for improper trading - but for punishing the employee who blew the whistle on the wrongdoing.
Rajat Gupta, the former Goldman Sachs director found guilty of insider trading in 2012, asked the U.S. Supreme Court to allow him to remain free on bail so he doesn’t have to report to prison next week.
This could get expensive.
Point72 Asset Management LP, Steven A. Cohen’s family office and successor to his hedge-fund firm SAC Capital Advisors LP, is banning some of its employees from using instant messaging for external communication after last year agreeing to settle insider trading allegations.
Activist investor Carl Icahn was up 31% last year.
A new study ranks the schools with the most alumni working at hedge, mutual and private equity funds.
Michael Pringle will leave as global head of equities trading at Citigroup to join Moore Capital Management, the $15bn hedge-fund firm run by Louis Moore Bacon.
In the nearly $3 trillion hedge fund universe, the rich keep getting richer and the big keep getting bigger, according to Institutional Investor's Alpha Hedge Fund 100 list.