Neuberger Berman considers seeding Asia Hedge Funds (Fund News)
Neuberger Berman Group LLC, the money manager that bought itself out of Lehman Brothers Holdings Inc., is considering providing startup capital to hedge-fund managers in Asia for the first time as it expands in the region.
FINRA Fines Terra Nova Financial $400,000 (Fund News)
The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Terra Nova Financial, LLC, of Chicago, $400,000 for making more than $1 million in improper soft dollar payments to or on behalf of five hedge fund managers, without following its own policies to ensure the payments were proper.
Paulson hires two analysts for new gold fund (Headlines)
John Paulson has hired two gold analysts for his new gold fund, The Wall Street Journal reports. John Reade and Victor Flores are joining the hedge-fund manager.