November 21, 2008
Hedge-fund managers tally up biggest payday: Alpha magazine
Top hedge-fund managers had the greatest payday in the modern history of finance during 2007, according to Institutional Investor’s Alpha magazine.
Cerberus Capital Management, the US private equity and hedge fund, has made one of the industry’s largest returns by selling Talecris Biotherapeutics for $3.1bn (€2.1bn) to an Australian trade buyer CSL.
SEC sues British hedge fund, chief exec for alleged fraud
NEW YORK: US securities regulators sued a London-based hedge fund and its chief executive on Thursday, alleging they schemed to defraud mutual funds and shareholders in the United States.
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