Avesta Capital returns money to investors (Headlines)
Avesta Capital Advisors LLC, the $600m equity hedge fund run by William Tung, is giving back outside capital after almost a decade in business, according to a letter sent to investors.
Hedge fund consultant sentenced to 2 1/2 years in prison (Fund News)
A former hedge fund consultant was sentenced Wednesday to 2 1/2 years in prison for insider trading, a crime that a judge said seemed to be growing in prevalence. U.S. District Judge Jed Rakoff noted the need for deterrence as he sentenced James Fleishman for his September conviction by a jury on insider trading charges.
Hedge fund walks away from Greek debt talks (Headlines)
Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.