November 22, 2008
Hedge fund Portus to liquidate
Portus Alternative Asset Management Inc. , the Canadian hedge fund that collapsed earlier this year and has been under government-ordered receivership since March, is headed for liquidation.
The European arm of SAC Capital, the $16bn
The European arm of SAC Capital, the $16bn (€13bn) Connecticut hedge fund said to be one of the most expensive in the world, suffered departures last month after reporting losses in September.
Bernanke backs current system for hedge fund rules
WASHINGTON The current market-based system is the best way to regulate the trillion-dollar hedge fund industry although improvements can be made, Federal Reserve Chairman Ben Bernanke said Wednesday. Bernanke, speaking to a conference on global economics in New York City, said that the current system is superior to increased government regulation. That view is at odds with critics who say large
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