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NY prosecutors ask billionaire's bail stay high

Nov. 4, 2009
Federal prosecutors in New York say a billionaire hedge fund manager charged in a $25 million insider trading case must remain held under a $100 million bail because he has the money and the incentive to flee. The government urged a judge Wednesday not to...
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Calpers seeks hedge fund concessions

NEW YORK, March 28 (UPI) -- The California public pension Calpers is demanding that the hedge funds in which it invests give it better terms, such as lower prices, a memo indicates.

SEC tightens grip on hedge-fund managers

WASHINGTON, July 11 (UPI) -- U.S. regulators Wednesday agreed to adopt a new antifraud rule aimed at money managers who mislead or defraud investors, including those in hedge funds.

Hedge-fund copycat disappointing

NEW YORK, Jan. 31 (UPI) -- Hedge-fund copycat products are not living up to their billing, often posting smaller gains than the indexes they track, New York hedge-fund managers say.

Senate urged to leave hedge funds alone

WASHINGTON, May 17 (UPI) -- Financial experts are urging U.S. senators to refrain from tightening regulations for the $1.5 trillion hedge fund industry.

U.S. Senate summons hedge fund leaders

WASHINGTON, March 22 (UPI) -- U.S. hedge fund managers have been invited to talk with a U.S. Senate Banking panel to discuss possible regulation of their business.

Bayou hedge fund leaders plead guilty

WHITE PLAINS, N.Y., Sept. 29 (UPI) -- The leaders of a Connecticut hedge fund that allegedly exaggerated results before collapsing recently pleaded guilty Thursday in the scandal.

Islamic hedge fund takes off

WASHINGTON, Oct. 11 (UPI) -- An Islamic hedge fund that complies with Shariah law, managed by Connecticut-based Meyer Capital, has been launched, the Financial Times reports.

Islamic hedge fund takes off

WASHINGTON, Oct. 11 (UPI) -- An Islamic hedge fund that complies with Shariah law, managed by Connecticut-based Meyer Capital, has been launched, the Financial Times reports.

J.P. Morgan Chase buys stake in hedge fund

NEW YORK, Sept. 27 (UPI) -- New York's J.P. Morgan Chase is buying a majority stake in Highbridge Capital Management, a hedge fund, the Wall Street Journal reported Monday.

Hedge fund Fountainhead shut down

WASHINGTON, Aug. 3 (UPI) -- A federal judge has shut down Fountainhead Asset Management in Wayne, Pa., after the SEC issued fraud charges, CBSMarketwatch.com reports.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler