Commodity hedge funds lose nearly a quarter of AuM (Fund News)
Commodity hedge funds lost at least 20 percent of their assets last year after investors pulled out large sums following the sectorâ??s worst annual performance in more than a decade.
Legg Mason To Buy Fauchier Partners From BNP Paribas Unit (Fund News)
Asset manager Legg Mason Inc. on Thursday said the company and its alternative asset managing affiliate Permal Group have entered into definitive agreement to acquire Fauchier Partners from BNP Paribas Investment Partners, an affiliate of French lender BNP Paribas. The company did not disclose the terms of the deal.
Tiger Asia enters guilty plea in insider trading charges (Fund News)
Tiger Asia Management LLC, the New York-based hedge fund run by Bill Hwang, admitted illegally using inside information to trade Chinese bank stocks and agreed to criminal and civil settlements of more than $60 million.