Hedge fund managers to testify before the House oversight commitee (Fund News)
Hedge fund managers, including George Soros, John Paulson and Philip Falcone, are being summoned to Capitol Hill on Thursday to testify under oath about the potential risks their firms pose to the broader economy.
Goldman fund lost nearly $1bn in 10 months (Fund News)
Goldman Sachs Investment Partners (GSIP) has lost close to $1bn since its launch in January. GSIP was hailed in January as one of the biggest hedge fund launches, raising more than $6bn, has told investors that it had lost $989m by September.