Launches: Bluegrass Capital, Black and White Capital, Folium Capital

  Joe Cornell, who had been at Chilton Investment Company for the past five years and a managing director since [Read More]
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Hedge fund group sues Puerto Rico and governor

Aurelius Capital Management, Autonomy Capital, Covalent Partners, FCO Advisors, Monarch Alternative Capital and Stone Lion Capital Partners filed suit yesterday [Read More]
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Closings:  Two more Platinum Funds, Laurion Capital Global Markets Fund

Platinum Partners is liquidating two more funds, according to a letter sent to its investors.  Bart Schwartz of Guidepost Solutions [Read More]
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Ackman: Herbalife is massively overvalued, a fraudulent business that will  not survive

On a conference call today, Bill Ackman disclosed that his private funds are down 14% for the year while Pershing [Read More]
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Manny Roman leaves Man for PIMCO

  Emmanuel “Manny” Roman will leave Man Group at the end of August and take over as PIMCO chief executive [Read More]
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