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.
The mutual fund industry will let its hair down this year, introducing ever more exotic, hedge-fund-like products that make even greater use of complicated vehicles such as derivatives, according to some industry experts.
Pacificor has named portfolio manager Andy Mitchell to helm the hedge fund after Michael B. Klein, former CEO, died after his private plane crashed in Panama on Sunday.
Burned in the aftermath of Bear Stearns’ two collapsed hedge funds, Barclays has sued the firm and a pair of its fund managers.
The number of hedge fund launches and liquidations are off at a 25% annual rate for the second consecutive year, according to HFR.
CEO and CIO were the best-compensated positions at hedge funds of funds in 2007, according to an Infovest21 survey.
Tudor Investment clients have pulled more than $1 billion from its Raptor hedge fund after it fell 8.5% this year.
