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Reaz Islam, the manager of two Citigroup Inc. hedge-fund families that have imploded in recent months, is leaving the company, according to an internal Citigroup memo. Mr. Islam, an 18-year veteran of Citigroup and its predecessor companies, has ... - [Read more]

HONG KONG and LONDON, May 21 /PRNewswire/ -- Financial Risk Management (FRM), a global fund of hedge funds group with offices in Europe, Asia and North America, today announced plans to significantly expand its Asian operations through new offices ... - [Read more]

May 23 (Bloomberg) -- Daido Life Insurance Co. , part of Japans only publicly traded life insurer, will increase investment in private equity and hedge funds to boost returns, while cutting holdings of lower-yielding domestic debt. Japanese life ... - [Read more]

And theyve all made comments in the recent past suggesting that, despite optimistic musings in the US, the worst of the credit crunch is not over. Jean-Claude Trichet (European Central Bank president), Mervyn King (Bank of England governor) and ... - [Read more]

ATLANTA : A former hedge fund manager was convicted Wednesday of leading an investment scheme that caused clients, ranging from former NFL players to his mother, to lose millions of dollars while he spent the money on jewelry, real estate and a $500 ... - [Read more]

ATLANTA — A former hedge fund manager was convicted Wednesday of leading an investment scheme that caused clients, ranging from former NFL players to his mother, to lose millions of dollars while he spent the money on jewelry, real estate and a ... - [Read more]

Third Point, which held 1 million shares in Yahoo as of March 31, may build a stake of up to 10 million shares in the company, the source said. Icahns proxy contest, launched last week, is aimed at pressuring Yahoo to agree to be sold to Microsoft ... - [Read more]

A new survey by Deutsche Bank has found that its hedge fund investment clients plan to increase their allocations to emerging markets, with the Middle East predicted as the top performer among all regions, reported Khaleej Times. - [Read more]

PARIS, and NEW YORK, May 20 /PRNewswire/ -- A spokesperson for Ginepri Capital, the New York-based Fund of Hedge Funds [FoHF] and SAGA Capital, a New York-based alternative investments advisory firm, announced today a newly formed venture, the SAGA ... - [Read more]

May 21 (Bloomberg) -- Crude oil was little changed in New York trading after rising to a record $129.60 yesterday as billionaire hedge-fund manager Boone Pickens said prices will reach $150 a barrel this year. Producers are ``running out of oil ... - [Read more]

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