The widening investigation into Bernard Madoffâ??s $65bn "Ponzi" scheme is focusing on at least 10 other individuals and more criminal charges are likely, according to a person close to the investigation.
Cayman Islands to release more data on hedge funds (Headlines)
The Cayman Islands, home to most of the world's hedge funds, is planning to reveal more information about them, the country's regulator said, as pressure on the alternative investment industry rises.
Sumitomo Trust Finance H.K., the asset-management unit of of one of the largest Japanese banks, will start a new multi-strategy hedge fund that invests in Japanese stocks, index options, futures and credit-default swaps, Bloomberg News reported.
U.S. bill introduced to regulate hedge fund advisers (Headlines)
A bill was introduced in the U.S. Senate on Tuesday that would require advisers of hedge funds, private equity, venture capital funds and other private investment pools to register with the Securities and Exchange Commission.