Apr 21 2011 | 11:25am ET
A Japanese banker and professor have created the Pluga AI Fund, which uses a web-mining system to track some 20 million blogs written in Japanese. The model, designed by the University of Tokyo's Yutaka Matsuo, seeks out keywords that may affect the Nikkei 225 Index. The fund, which actually predates the still-to-be launched Derwent Capital Markets Twitter fund, invests in Nikkei futures based on Matsuo's algorithm.
Apr 21 2011 | 11:14am ET
Hedge fund redemption requests fell to near an all-time low this month, according to a new report from GlobeOp Financial Services.
Apr 21 2011 | 10:35am ET
Five men set to face trial next month as alleged members of the Galleon Group insider-trading ring will face the same handicap as Galleon founder Raj Rajaratnam: thousands of wiretaps.
Apr 21 2011 | 10:33am ET
Thames River Capital will launch a global emerging markets fund at the beginning of June.
Apr 21 2011 | 10:09am ET
Closing arguments were heard in the case against Lancer Group founder Michael Lauer and co-owner Martin Garvey.
Apr 21 2011 | 10:08am ET
The New York-based firm posted a profit—excluding some costs tied to its 2007 initial public offering—of $568.1 million, up from $360.4 million.
Apr 21 2011 | 9:47am ET
Hedge fund administrator Apex Fund Services is opening a second office in Ireland.
More NewsApr 20 2011 | 11:03am ET
Investcorp is one of the world’s leading institutional investors in hedge funds with $5 billion under management, about $1 billion of which is proprietary. With so much prop. capital in play, Deepak Gurnani, Investcorp’s head of hedge funds and CIO, says the firm sees its interests as being “very much aligned” with those of its investors. And as investors, Investcorp has noticed shortcomings in what Gurnani calls the ‘conventional’ approach to hedge fund investing.
Deepak Gurnani Apr 20 2011 | 12:27pm ET
By Steven Markusen, Archer Advisors -- Over the last twelve months the Rare Earth Element (REE) industry emerged from complete obscurity to front page international news driven by hot IPO’s such as Molycorp (+300% since July 2010 IPO) and China’s stranglehold on supply. As a long-term follower of the mining industry, the tremendous attention this sector recently received and its dominance in the mainstream media comes as somewhat of a surprise. Though, this is not to say that the attention is unwarranted.
Apr 6 2011 | 3:47am ET
Police in West Hartford said that Brent Goggins was “going door-to-door collecting cans because he was using them to get money to start a hedge fund.”
Apr 8 2011 | 4:16pm ET
Join us on September 14 at the Princeton Club in New York as distinguished experts from the hedge fund industry speak candidly about the biggest issues affecting managers today. Read more…
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