June 30 (Bloomberg) -- Basis Capital Fund Management Ltd. , the Australian asset manager that became one of the first casualties of the global financial crisis, is returning cash to investors for the fourth time as it shuts the Pac-Rim Opportunity Fund.
Prodigal, an Asian hedge fund, has selected Imagine Software's Derivatives.com services for its new cross-asset risk management tool.
Austin Capital Management , a fund of hedge funds that had invested 7.5 percent of its assets with Bernard L. Madoff, is being sued by New Mexico’s teacher’s union for negligence resulting to big losses for the state.
A New York-based investor is raising its second fund of the year to buy discounted hedge fund stakes in the secondary markets, as some remain eager to divest from the industry despite improving returns.
June 30 (Bloomberg) -- Sparx Group Co. , Asia’s biggest hedge-fund manager, plans to start its first global macro fund, adding a strategy that was among the few winners in 2008 when an equities rout led to the only annual loss in its 20-year history.
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