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Thirteen months after they were sued by a group of California hedge funds, local hedge fund Jayhawk Capital Management and its principal owner, Kent C. McCarthy, have fired back. In a lawsuit filed Friday in federal court in Kansas City, Kan ... -�[Read�more]

NEW YORK, May 2 (Reuters) - Citigroup Inc (C.N: Quote , Profile , Research ) said it is looking at restructuring Old Lane, a hedge fund co-founded by Vikram Pandit, the banks chief executive. Nearly all investors unaffiliated with the fund have ... -�[Read�more]

May 2 (Bloomberg) -- U.S. stocks rose to the highest level since January as a rally in the dollar and better-than-estimated technology earnings prompted investors to shun commodities and shift into shares of banks, retailers and computer companies ... -�[Read�more]

NEW YORK (Reuters) - Drake Management LLC, the investment firm founded by former PIMCO and BlackRock executives, is liquidating its flagship, $2.5 billion fixed income hedge fund after heavy losses over the last year, the firm told investors in a ... -�[Read�more]

HONG KONG (MarketWatch) -- Japanese-focused hedge funds posted an average loss of 8.6% in the fiscal year ending March 31, the worst performance in the seven years since data-tracker Eurekahedge has surveyed the market, according to a report by the ... -�[Read�more]

George Soros, manager of the Quantum hedge fund, has gone down in history as the man who made $1 billion from betting against sterling in 1992. But these days it is not only the mega-rich who can take a punt on currency movements. If you know where ... -�[Read�more]

BOSTON, April 30 (Reuters) - Hedge fund company Och-Ziff Capital Management Group LLC reported earnings that matched forecasts on Wednesday, and said it expects to keep pulling in new money even in a tough market. The companys stock, which fell ... -�[Read�more]

The hedge fund giant that owns a controlling stake in Chrysler is in negotiations to buy the controversial security firm Blackwater USA, which has millions of dollars in U.S. government contracts in Iraq, according to sources familiar with the talks ... -�[Read�more]

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