AIMA calls for changes to EU hedge fund directive (Fund News)
The European Commission's draft directive on hedge fund regulation is potentially ambiguous and needs to be rewritten, according to the Alternative Investment Management Association (AIMA).
Investors question performance at Renaissance fund (Fund News)
Investors in a hedge fund run by James Simons are questioning why a fund held by the mathematics professor-turned-investor and his colleagues has made big gains while another held mostly by outside investors has lost money, The Wall Street Journal reported.