America's top hedge fund managers staunchly defended the conduct of their secretive, high-risk industry today and warned congressional lawmakers that knee-jerk regulation could push financial jobs across the Atlantic to London. In a rare day of public scrutiny, the billionaire bosses of five leading hedge funds appeared before the House oversight committee to answer charges that their

Read more here

Nov. 21 (Bloomberg) -- Barclays Plc eliminated about 100 positions in its capital markets prime services unit in New York, or 30 percent of the staff, as the hedge-fund industry contracts, a person familiar with the matter said today.

Read more here

Epicor Software Corp. shares sank Friday after hedge fund Elliott Associates LP terminated its hostile bid to buy the business-software company's outstanding shares for $7.50 per share.

Click here for more info

CHICAGO Hedge fund Davidson Kempner Capital Management brushed aside the olive branch offered by Sun-Times Media Group's chairman -- and late Thursday launched a proxy fight to oust the board and its CEO.

More...

Epicor Software Corp. shares fell Friday after hedge fund Elliott Associates LP terminated its hostile bid to buy the business-software company's outstanding shares for $7.50 per share.

Read more here