In the wake of a 8.5% asset haircut, the Man Group has doubled the number of jobs it plans to cut as it integrates its business with that of GLG Partners, acquired last year. The world's largest publicly-listed hedge fund manager, which announced this weeks that assets had slumped by US$6 billion in the third quarter, including $2.6 billion in redemptions, plans to lay of 400 people, or 20% of its staff. read more

If Galleon Group founder Raj Rajaratnam is to get a break on his sentence for insider-trading due to his health problems, prosecutors say that the public has a right to know exactly what those problems are. read more

Hedge fund managers with less than $150 million may not be able to breathe easy after all when it comes to Securities and Exchange Commission registration. read more

GAM Holding has launched a new fund focused on Southeast Asia, which the firm calls "the new powerhouse for Asia." read more

The court-appointed receiver in the Bernard Madoff case plans to appeal a judge's ruling that strictly limited the amount he can seek to recover from the owners of the New York Mets. read more

Bharat Capital has launched a pair of managed account strategies with impressive returns. read more

Most hedge fund managers wouldn't cheer a Securities and Exchange Commission fraud lawsuit, but NIR Group's Corey Ribotsky is doing just that. read more

Rubicon Fund Management posted a 50% jump in its fee income last year, a feat unlikely to repeated this year after the London-based firm's assets under management fell by more than US$1 billion. read more

The nation's largest public pension fund is having trouble hitting its return target—and it's looking to alternative investments to help close the gap. read more

Prime broker NorthPoint Trading Partners has an eye on the growing hedge fund-like mutual fund market. read more