Hedge Fund | featured news

At a Forbes editorial meeting earlier this year, I was pitching a story about a little-known industry responsible for keeping hedge funds’ books and records in check. After my schpiel about the false comfort these hedge fund administrators were offering investors, Lewis DVorkin flatly asked me, “Can you easily explain what a hedge fund is?” I couldn’t. Not easily.

Hall of Fame quarterback John Elway and a business partner invested $15 million with a hedge-fund manager who...

Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal.

About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4 percent increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.

After meeting with French President Sarkozy, U.K. Prime Minister Brown said he is "confident" the U.K. will reach agreement in the coming days with its European partners on the new EU hedge fund rules.

I'm just kidding ya! It wasn't for a dollar, but in actuality $29.5 million.Even stranger is the new owner of the franchise Pacificor - a hedge fund company I didn’t know was even in the running. Hell, their existence was news to me. But all things "I’ll be back!" are now legally theirs.

Galleon Group is winding down all its hedge funds, company founder Raj Rajaratnam told employees and investors in a letter. The decision comes after his arrest and charges in a massive insider-trading case.

One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street.

What recession? Two New York author/socialites put the fun back in hedge funds with new novels about the privileged lives of those ...

The Obama administration's aggressive plan for strict scrutiny of hedge funds and other freewheeling investors, part of the biggest expansion of financial restraints since the Great Depression, is drawing instant opposition from Republican lawmakers and the rules' targets. And skeptics are questioning whether the new rulebook would work anyway.

Battered by losses and redemptions, hedge funds worldwide could slash some 20,000 jobs this year as the outlook for investment managers remains dim.