Hedge fund managers blamed for bankruptcy
Michigan lawmakers blamed hedge fund managers — not the Obama administration — for forcing Chrysler into bankruptcy proceedings Thursday.
April 30, 2009
Florida hedge fund manager who disappeared during inquiry pleads not guilty
NEW YORK - A Florida hedge fund manager who disappeared while investigators closed in on him has pleaded not guilty to fraud. Defense lawyer Mark Gombiner (GAHM'-beye-nur) told a federal judge in Manhattan on Thursday that Arthur Nadel cannot make his $5 million bail.
IAM opts out of hedge fund business
One of the oldest hedge funds in London, Integrated Asset Management has moved out of the hedge fund business with the sale of its funds of funds firm Altigefi to Luxembourg private bank Sal.Oppenheim for $4.5m.
Comment: EC ignites the next hedge fund boom
Anyone hearing the howls of protest that greeted yesterday's publication of the European Union's draft directive on alternative investment fund managers might reasonably have expected to find a proposal to kill off hedge funds. Actually, the European Commission, which drafted the proposals, has done the hedge fund industry a good turn.
Rampart Capital to Start Trading for Energy Hedge Fund by July
April 30 (Bloomberg) -- Rampart Capital, a company set up by the founders of Foundation Energy Ltd., plans to begin trading for its energy hedge fund by July, targeting initial investments of $100 million.
