ST. PAUL (AP) - Jurors in a Minnesota businessman's fraud trial heard Friday how one hedge fund was fooled into losing $60 million in what prosecutors call one of the largest Ponzi schemes ever uncovered.
NEW YORK, Oct 30 (Reuters) - Hedge fund Paulson & Co is seeking to buy nearly half of bankrupt Yellow pages publisher Idearc Inc's common shares when it emerges from bankruptcy by offering creditors cash for the shares they are to receive under its proposed reorganization plan.
The German hedge fund manager arrested this week in a widening fraud probe may be a big shot who met the Pope in a private audience and keeps a jet at Frankfurt airport, but he is a mystery to his neighbours.
Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine's inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, growth and genuine innovation.
Oct. 30 (Bloomberg) -- Phil Duff had a three-decade hot streak. He earned degrees from Harvard University and MIT and then skipped through the ranks at investment bank Morgan Stanley , becoming chief financial officer in 1994, when he was 36. Hedge fund phenom Julian Robertson hired him four years later as chief operating officer at Tiger Management LLC.
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