Ex Front Point manager ordered to pay $10.2m to Morgan Stanley (Fund News)
An former hedge fund manager was ordered to pay $10.2m to Morgan Stanley Inc. after he admitted last year to insider trading at FrontPoint Partners, a hedge fund previously owned by the Wall Street firm, a judge has ruled.
Ex-Lone Pine executive receives SFC licence for HK hedge fund (Fund News)
Eashwar Krishnan, former Asia head of Lone Pine Capital, has received a licence for his hedge fund from the Securities and Futures Commission on Thursday, records on the Hong Kong's market regulator's website showed on Friday.
Morgan Stanley sues money manager Sterling Stamos (Fund News)
Morgan Stanley sued Sterling Stamos funds over $17.6m in distributions, which it claims were withheld from a hedging affiliate that owned units in a liquidating trust set up by the money management firm.
Goldman unwinds investments in hedge funds (Fund News)
Goldman Sachs began unwinding its investments in hedge funds in March to comply with the Volcker Ruleâ??s ban on banks holding more than 3 per cent of the assets of any single fund.