Brevan Howard Asset Management sought to influence a key benchmark interest rate, a fired bank trader has alleged. read more

A volatile year for hedge funds makes for a volatile year for hedge fund compensation—especially at the top. The previous year's biggest earner, John Paulson, who made almost $5 billion in 2010, had the worst year of his career and fell off the list entirely. In Paulson's place is last year's number two, Bridgewater Associates' Ray Dalio, who made $3.9 billion last year, $800 million more than he took home in 2010. read more

Just like the New York Yankees' Andy Pettitte, retirement held little interest for former Sprott Asset Management portfolio manager Jean-François Tardif. read more

One booming hedge fund will become a lot smaller on Monday. Velite Capital Management plans to return 25% of its capital to outside investors as the natural gas specialist seeks to avoid harming returns by becoming too big. read more

Tradex Global Advisors plans to bring its two-year-old liquid fund of hedge funds onshore. read more

The Ohio Public Employees Retirement System has begun to deploy the $3 billion it plans to invest in hedge funds this year. read more

Hedge Fund Research has nabbed an architect of HedgeFund.net's commercial database business to lead its own such effort. read more

Neal Shear and Jean Bourlot have founded commodities hedge fund Higgs Capital Management in London, focused on energy, agriculture and metals. The latter was head of commodities at UBS and the former head of global securities at UBS. read more

Former Eton Park portfolio manager Thierry Lucas will launch his new hedge fund—expected to be among the largest new hedge funds of the year—on May 1. read more

Very quietly, the 80-year-old ban on marketing hedge funds may be on its last legs. read more