Hedge fund managers to testify before the House oversight commitee (Fund News)
Hedge fund managers, including George Soros, John Paulson and Philip Falcone, are being summoned to Capitol Hill on Thursday to testify under oath about the potential risks their firms pose to the broader economy.
AdultVest Inc. closes Priapus Investment Fund, LLC (Press Releases)
AdultVest Inc., the Beverly Hills based investment management firm, Hedge Fund Launch of the Year Award Winner, announced it officially closed its offering in the Priapus Investment Fund, LLC.
American Capital to delist European subsidiary (Headlines)
American Capital, the Nasdaq-listed buy-out group, on Monday agreed to delist European Capital, its lossmaking subsidiary. European Capital has been floated only three years ago in London.
American Express became the latest financial group to convert to a bank holding company. The surprise move will give the credit card group permanent access to Federal Reserve funds and could facilitate consolidation in the sector.