Stark Investments will close three of its hedge funds, including its flagship, as its assets under management dwindle. The Wisconsin firm said a "meaningful reduction" in the assets of its Shepherd Investments International, Shepherd Guardian and Stark Investments funds led to the decision. read more

An 80-year-old ban on hedge fund advertising will finally be lifted this summer, U.S. Securities and Exchange Commission Chairman Mary Schapiro said yesterday. read more

Former Citigroup proprietary trader Ramakrishna Putcha has moved into the bank's hedge fund unit, rather than follow his colleagues out of the firm. read more

Regulators are set to fundamentally change the way hedge fund managers in the European Union are paid. read more

Bruno Iksil may have—with an unwanted assist from hedge funds—cost his employers almost five times as much as originally thought. read more

A New Jersey man has been charged with a $4 million hedge fund fraud—on top of another scam to steal an elderly woman's life savings. read more

Greenwich, Conn.-based Black Diamond Capital Management has tapped Jean Fleischhacker as a senior managing director responsible for business development read more

Chicago Equity Partners has hired Brian Portnoy as managing director and head of alternatives and strategic initiatives. read more

A new academic study asks whether hedge funds make markets inefficient and the answer appears to be 'no.' read more

The Securities and Exchange Commission yesterday accused Harbinger Capital Management and founder Philip Falcone of fraud—not once, but four times. In a civil fraud lawsuit in the making since at least last year, the regulator accused Falcone of taking an improper loan from Harbinger to pay his taxes, of granting Goldman Sachs preferential redemption treatment and of market manipulation. read more