Harvard Managers Said to Plan Hedge Fund Launch in Q3
Managers set to depart are hiring 15 staffers for new firm; the Boston fund is expected to receive $400 million from Harvard.
Ackman's Investors Won't Get Their Yachts
Channeling Fred Schwed Jr., there’s at least one more question hanging over Bill Ackman's Valeant debacle.
4 Alternative Funds Win Medalist Rating: Morningstar
The research firm says these Bronze funds have “specialized expertise” guiding their powerful strategies.
Harvard Endowment to Outsource Most Management, Cut Jobs
About half of 230 employees will depart fund, the school says, as new CEO Narv Narvekar makes sweeping changes.
Golden Era of Hedge Funds Draws to a Close, Clients in Revolt
Investors are up in arms as traders get rich on management fees. The million-dollar question: Who will keep earning 2 and 20?
Hedge Fund Managers Expect ‘Massive’ 34% Pay Cut: Survey
Odyssey Search surveyed 500 hedge fund professionals; firms with outflows expected to pay less in bonuses.
Hedge fund invasion of U.S. Treasuries puts bond traders at risk
Officials have been looking at whether the market is running smoothly enough.
AIG units fined by SEC for steering clients to high-fee products
AIG agreed to pay $9.5 million to settle the regulator’s claims and didn’t admit or deny the regulator’s findings.
Matt Levine's money stuff: Fed Day, junk bonds and unicorns
What does finance, the hike in interest rates, junk bonds and the economy have to do with unicorns?
Hedge Funds Bloodied by China Rout in Worst Month Since 2011
Some of these investments had their worst performance since 2011, suffering double-digit losses.