July 30, 2010
Investment banks in US face inquiry into 'hedge fund hotels'
Some of Wall Street's biggest investment banks are under investigation for operating "hedge fund hotels", providing office space to hedge funds in the hope of winning lucrative business from them.
Sumitomo Trust to tie up with U.K. hedge fund specialist
_ Sumitomo Trust & Banking Co. plans to invest several billion yen in a capital tie-up with British hedge fund specialist Financial Risk Management, the Nihon Keizai Shimbun reported Friday.
Hedge-Fund Fraud Convict May Have Faked Suicide
WHITE PLAINS — A hedge-fund swindler who was supposed to be driving himself to prison abandoned his car on a bridge with the phrase "Suicide is Painless" scrawled on its hood, but no body has been found in the river below — and the victims of his fraud say they doubt he killed himself. The FBI and state police are skeptical, saying they're still looking for Samuel Israel III. Israel, 48, a
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