A tough market for precious metals all but wiped out hedge fund Sprott Inc.'s profit in the fourth quarter. read more

HSBC's hedge fund administration business said today that it had snared a BNP Paribas sales manager to head its alternatives sales and business development effort in the U.K. read more

Hedge funds were up 2.39% quarter-to-date as of March 28, according to the most recent Bank of America Merrill Lynch Hedge Fund Monitor. read more

International law firm Maples and Calder has hired seven partners and three associates away rival Walkers for its Cayman and British Virgin Islands offices. read more

The Alternative Investment Management Association, a hedge fund lobby group, is worried about the European Commission’s plans for implementing new regulations governing alternative investment managers. read more

Delray Beach, Fla.-based Stonehenge Asset Management launched its third multi-strategy fund on April Fool’s Day, but it’s for real. read more

Wisconsin-based investment firm Capital Innovations has launched the Capital Innovations Inflation Fund, blending the agribusiness, timber and infrastructure strategies of the firm’s three existing funds. read more