Italy was simply too little, too late.  Russia’s publicly- traded companies have a value of a little less than $1 trillion.  With this upgrade Apple would be closing in on the value of all publicly-traded companies in Russia; a country with a population of 150 million people.   That would include all of the publicly-trade oil, natural gas and mineral reserves of the largest energy-producing nation on earth.  Hahahaha.   The iPad is a an effing flat screen with...

Hedge fund TIG Advisors is pulling the plug on its emerging markets portfolio. read more

moneyscience: Strategic Hedge Fund Planning - An up-to-date Guide to Starting Hedging Funds in the US - http://t.co/6Plzzk3L #hedgefunds

Fortress Investment Group is poised to buy parts of Ally Financial's mortgage unit, having beaten out Centerbridge Capital Partners and other would-be bidders. read more

The brokerage alleged to have conspired with hedge funds to drive down the share price of Fairfax Financial Holdings will have to defend itself, a judge ruled. read more

The Brooklyn, N.Y., rabbi who tried to extort $4 million from SAC Capital Advisors will remain in jail, after a federal appeals court rejected his claims that he had been wronged by federal investigators. read more