Tepper bought $2.4 bn of energy stocks in second quarter (Fund News)
Hedge-fund manager David Tepper bought $2.4 billion of oil and gas stocks in the second quarter, shifting 79 percent of his U.S. equity holdings into energy from less than 1 percent three months earlier.
Canadian Hedgefund-Manager ordered to pay $300m in compensation (Fund News)
A US judge ordered Paul Eustace, a Canadian hedge fund manager, to pay $279m to compensate investors in Philadelphia Alternative Asset Managementâ??s four failed funds for losses while fining him and his company $20.8m.