Martin Coward will launch a rival to IKOS, which is controlled by his ex-wife Elena Ambrosiadou, in Monaco, where he lives. read more

The trustee in the Bernard Madoff case has warned that, under a ruling favoring the owners of the New York Mets, the Ponzi schemer's family could be allowed to keep tens of millions of dollars in ill-gotten gains. read more

New York-based asset management firm Eastbridge Group is gearing up to launch a new hedge fund in the first quarter. The long/short vehicle—Eastbridge Red Dot—will invest in liquid U.S. securities with exposure to real estate and real estate-related companies, which is the same strategy that the firm has been running in a $50 million separately managed account since July. read more

MF Global, the former futures brokerage arm of hedge fund giant the Man Group, ix expected to file for bankruptcy as part of plan to sell its assets to Interactive Brokers Group. read more

A pair of hedge fund veterans have teamed up to launch a hedge fund of their own. read more

The Volcker rule, severely limiting banks' ability to invest in hedge funds and private equity funds, will cost those banks almost $1 billion to implement—the government thinks. read more

The liquidators of collapsed hedge fund Weavering Capital blasted the firm's founder as part of its effort to recover money for the hedge fund's investors. read more

Raj Rajaratnam has already completed part of his sentence for insider-trading. read more

A former Magnetar Capital trader is seeking investors for a levered version of his two-year-old flagship hedge fund. read more

William Ackman has turned his activist eyes to one of Canada's legendary companies. read more