Harbinger Capital Management founder Philip Falcone rejected a Securities and Exchange Commission settlement offer that included a multi-year ban from the securities industry. The SEC is looking into civil fraud charges stemming from several matters, among them possible manipulative debt trading, a controversial $113 million loan Falcone took to pay a tax bill, and allegations that Harbinger gave preferential treatment to some redeeming investors, including Goldman Sachs. read more

Paulson & Co. is in danger of ending its worst-ever year with one of its worst-ever months. read more

BlueGold Asset Management's obituary has been written before, only to prove premature. But the hedge fund is stumbling towards its first annual loss as investors worry about a change in the oil specialist's strategy. read more

The second half has been a disappointing one, to say the least, for the average hedge fund. But in 2011, Yashwant Bajaj's Juggernaut Asia Fund has been anything but average since its launch in August. read more

BBVA Asset Management will shutter Spain's first hedge fund, which has suffered crippling redemptions in recent months. read more

Former Massachusetts governor and Bain Capital chief Mitt Romney said he probably would not release his tax returns if he becomes the Republican nominee for president. read more

A New York hedge fund manager has offered to pay the funeral costs for a woman killed in a horrific attack over the weekend. read more

The New York-based hedge fund and its last fund manager, Stephen Czech, have reached an agreement to spin off its last fund. Following the opening of Czech Asset Management next month, FrontPoint will have no assets under management left and just a few employees. read more

Highland Capital Management is selling its European collateralized loan obligation business, but the hedge fund isn't abandoning the sector entirely. read more

Brevan Howard Capital Management's partners are in line for a major payday this year. But they had to do with much less last year, the hedge fund said in a regulatory filing. read more