Struggling hedge funds still expense bonuses, bar tabs... [more]From Reuters/Dailymail.co.uk: Investors are starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader bonuses, lavish marketing dinners and trophy office space. Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-cal
Comment - Hedge funds need a cold shower they're so excited about Trump... [more]From Vanityfair.com: Happy Inauguration Week! While some people are bracing for the potential of losing their health care after January 20, others are positioning themselves to make a metric ton of money once Donald Trump takes office. While all of Wall Street remains relatively bullish on a Trump p
Legal - Boston-area hedge fund accused of fraud, misuse of investors' money... [more]From Reuters.com: A small Boston-area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts.Alleged victims of MC2 Capital of
Asia - Hedge fund shift from reviled 2-and-20 fees spreads to Asia... [more]From Bloomberg.com: The hedge fund industry's shift away from the much-maligned 2-and-20 fee model is gathering steam in Asia. As investors worldwide are balking at hefty fees, Hong Kong hedge funds Myriad Asset Management and Ortus Capital Management are crafting alternatives that mark a radical de
People - Ex-Cravath attorney, hedge fund runner gets 2nd CFTC... [more]From Law360.com: Just days before stepping out of office, the Obama administration on Tuesday renewed a bid to fill a pair of vacancies at the U.S. Commodity Futures Trading Commission, re-nominating a former Cravath Swaine & Moore LLP attorney and a hedge fund manager who didn't advance last year.
Investing - SumZero reveals 15 top hedge fund stocks for 2017... [more]SumZero, the world's largest community of investment professionals working at hedge funds, mutual funds, and private equity funds, announced five winners and ten runners-up of its Top Stocks for 2017 Challenge today, a research competition open to investment professionals working at funds across the