November 22, 2008
Hedge Fund Spies in the Courtroom
Enterprising hedge fund managers have found a new way to get a jump on the competition. They're sending patent litigators to court -- not to try a case, but as highly informed (and highly paid) observers. "I hear these stories of Markman hearings; the minute the ruling comes down, 15 guys jump up and run out of the room," says one IP banker. "These guys are texting the hedge fund, so they can
Greenspan to advise New York hedge fund
Alan Greenspan, a former Federal Reserve chairman, is joining the hedge fund Paulson & Co. as an adviser, the New York-based company said Tuesday.
U.K. fines hedge fund and director
One of Europe's largest hedge fund managers, GLG Partners, and a former director were each fined £750,000 for insider trading by Britain's financial watchdog, two people with knowledge of the investigation said Wednesday.
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