Hedge fund legend backs homegrown income manager

Hedge-fund legend Alan Howard has been revealed as an investor in Australian-based equity income fund Wheelhouse Partners, after he acquired Bennelong Funds Management's stake in the business.

The income-focused equities manager, established three years ago, announced the transaction as it finalised its transition into a new independent structure with Mr Howard and Wheelhouse executives now owning the business...

Hedge Fund Leading Battle Over Neiman Marcus’s MyTheresa Faces Inquiry

A prominent hedge-fund manager has been accused of using his influence at investment bank Jefferies Group LLC to profit from buying shares in MyTheresa, a Neiman Marcus Group Ltd. e-commerce spinoff.

Dan Kamensky, founder of hedge fund Marble Ridge Capital LP, faces an investigation by Justice Department bankruptcy watchdogs into whether he pressured Jefferies as part of his plan to secure shares in Neiman’s lucrative MyTheresa business at a steep discount...