BRUSSELS (Reuters) - The European Union hit back Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others. U.S. Treasury Secretary Tim Geithner ...
NEW YORK (Reuters) - Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an "ideas dinner" it sponsored last month for a ...
The US Department of Justice reportedly has become the latest government watchdog to probe allegations that investors have used the Greek debt crisis to collude in attacks on the euro. Letters have been sent to hedge funds concerning the investigation, calling on ...
NEW YORK (Reuters) - The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together in betting against the euro, a source familiar with the situation said on Wednesday. The Wall Street Journal, citing people familiar with ...
Report: Justice Department opens investigation into hedge funds trading of the euro The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal. The ...
NEW YORK (Reuters) - The Securities and Exchange Commission plans to expand its New York office by about 8 percent this year as the financial regulator focuses more heavily on catching cheaters at hedge funds and brokerages. "We have obtained the funds ...
Several hedge funds have placed big bearish bets against the euro, with some speculating the single European unit will fall to parity with the dollar, the Wall Street Journal reported Friday. The euro, which traded at 1.51 dollars in December, was hovering ...
(Reuters) - U.S. authorities are probing individuals close to NIR Group on whether the U.S. hedge fund firm paid kickbacks to outsiders to inflate the value of its holdings, the Wall Street Journal said, citing people familiar with the matter. U.S. authorities ...
<div><p>BOSTON (Reuters) - Hedge fund firm Citadel Investment Group will return millions to clients who asked to exit last year, but were locked in when its flagship funds lost more than half their value during the financial crisis.</p><p>The Chicago-based firm, which invests ...
<div><p>Hedge fund Man Group on Friday said it had sold its remaining stake in broker MF Global to Japanese bank Nomura for 68 million pounds.</p><p>"The transaction is the final step in Man Group's complete disposal of MF Global shares following its IPO ...
