Judge Tosses Hedge Fund Visium’s Lawsuit Against Portfolio Manager’s Widow

A judge has dismissed a lawsuit brought by a hedge fund against the widow of one of the fund’s employees.

Visium Asset Management LP filed the complaint last year in New York Supreme Court under a new name, VA Management LP. The firm sought more than $100 million it paid to money manager Sanjay Valvani from 2007 through 2016, among other fees. It said in its complaint that “it would be fundamentally unfair for Valvani’s past illegal activity and his violation of his fiduciary duties to be permitted to perpetuate a super luxurious...

Connecticut ending partnership with hedge fund foundation

Connecticut's partnership with a charity backed by a wealthy hedge fund founder has been disbanded “due to a breach of trust," Gov. Ned Lamont said Tuesday, alluding to leaks that have resulted in negative media coverage.

The Democrat, a former businessman, said he was “very sad” that the arrangement with Dalio Philanthropies, the foundation founded by Barbara and Ray Dalio, was ending...

Former Associate Accuses $8.5B Wall Street Hedge Fund of ‘Rating Women,’ Frequent Slurs

A former investment associate has launched a sexual harassment and discrimination lawsuit alleging that a prominent Wall Street hedge fund allowed male superiors on an open-space trading floor to refer to women generally as “bitches” and “cunts,” and to “brazenly classify” women as ones to either “f___,” “marry,” or “kill.”

The federal lawsuit, which lays out allegations that repeatedly smack of the movie “The Wolf of Wall Street,” was lodged Monday against Advent Capital Management by former junior investment associate Courtney Robb...