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News

We aggregate on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves. Members have unlimited access to all exclusive and aggregated articles and the ability to search by keywords.

The hedge fund trying to buy Gannett faces federal probe after investing newspaper workers’ pensions in its own funds

Alden Global Capital, a prominent hedge fund that controls more than 100 local newspapers, moved nearly $250 million of employee pension savings into its own accounts in recent years, an unusual move that is now triggering federal scrutiny...

Hedge Fund Slammed by Oil Looks to Take Riskier Bets

Pierre Andurand, a prominent oil hedge-fund manager who lost big during last year’s price slump, is launching a new fund that takes on more risk as a way to benefit from crude’s recovery.

Mr. Andurand, one of the last oil hedge-fund managers standing, has recovered somewhat this year after recording his first-ever annual loss in 2018. Brent crude, the international price gauge, has rallied more than 30% this year on production cuts by major suppliers. That sharp recovery followed a dramatic slump late last year, which pushed...

D.E. Shaw Group Approved for Private Fund Management License in China

The D. E. Shaw group, a global investment and technology development firm, announced today that it has been granted a license to develop and market onshore investment products to investors in China. The Private Securities Investment Fund Manager (PFM) license is issued by the Asset Management Association of China...

Bracebridge Capital hires ex-Pimco senior VP

Vicky Zhao joins the Boston-based hedge fund as a portfolio manager...

Goldman Sachs FX trader joins LMR Partners

Seth Zhai has spent six years and ten months at the investment bank...

Segantii taps ex-Lucidus partner

David Won-Seok Choi joins multi-strat firm in London...

Insolvent Millionaire Says Multi-Billion Dollar Hedge Fund Doesn’t Have $175 Million

James Dondero and his hedge fund Highland Capital Management have a lot of experience when it comes to the legal system, enough to earn an honorary law degree or at least election as president of the United States. (Although it should be noted that the current litigious occupant of that office hates Dondero so much he actually sided with his wife in the divorce.) Alas, as any such veteran of courtrooms and arbitration hearings knows, you can’t win’em all, and in this case it’s looking very much like Highland has lost its fight with...

Citadel Securities hires former quant-focused compliance exec for eclectic role

Citadel Securities, the market-making business launched by Citadel founder Ken Griffin, has hired a former compliance executive with as robust an educational background as you’ll see to help manage supervisory responsibilities for equity trading. Stan Yakoff started this week in New York...

KKR Strikes Hedge Fund Gold With British Billionaire Pair

A pair of 200-year-old wooden elephants adorn the London lobby of one of the financial world’s biggest beasts. The carvings guard the Chelsea office of fast-growing $39 billion hedge fund Marshall Wace.

Co-founders Paul Marshall and Ian Wace are an unlikely duo. Marshall, 59, studied at St. John’s College, Oxford, before graduating with an MBA from Insead. He ran unsuccessfully for Parliament before turning to finance and backed Brexit. Wace, 56, went straight to work for SG Warburg before joining Deutsche Morgan Grenfell. He supported the U.K. sticking with the European Union...