Hedge fund employees dumped on the street by the failure of Greenwich's Amaranth Advisors last year didn't stay out there for long, according to Sandy Gross, whose Pinetum Partners is an executive recruitment firm specializing in high-end financial services.
The National Football League and the NFL Players Association lost a bid to dismiss a lawsuit by players claiming the organizations recommended unfit financial advisers and caused them to lose $20 million.
A majority stake in the brokerage unit, which will be renamed MF Global, will be listed on the New York Stock Exchange in the third quarter of this year.
A California hedge fund is seeking the forced sale of FSI International Inc. and the replacement of the Chaska microelectronics company's management. In a Securities and Exchange Commission filing, Chapman Capital, an investment fund in El Segundo, Calif., said it "has become increasingly disconcerted by the apparent divergence between ownership and management." Robert Chapman, whose investment
BOSTON — Massachusetts' top securities regulator is investigating whether leased office space and other services that investment banks provide to hedge fund traders have created a conflict of interest that could hurt investors.
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