July 30, 2010
David Shaw Says Hedge Funds Will Have Tougher Time Making Money
March 22 (Bloomberg) -- David Shaw, founder of the world's largest hedge fund firm, said investment returns probably will worsen because of all the money pouring into the industry.
Cohen Expands SAC Trading Team as Hedge Funds Groom Successors
Steven A. Cohen, the 53-year-old founder of SAC Capital Advisors LLP, picked four of his best people earlier this year to help select investments for the $2 billion he personally oversees at the hedge-fund firm.
This week a London-based group of hedge fund luminaries ends a period of consulting on a draft code of practice for the industry and gets down to actually writing it.
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