The nation’s largest public pension fund has suspended the head of its hedge fund program after finding that it had improperly paid two hedge fund managers millions. The California Public Employees’ Retirement System, which has more than $200 billion in assets under management, said it has launched an investigation into its oversight of hedge fund deals. read more Read Full Story

Galleon Group founder Raj Rajaratnam’s claim that the wiretaps at the basis of the insider-trading investigation were illegal is based on his assistance in helping them try to catch his brother allegedly committing the same crime. read more Read Full Story

Kasper Christoffersen’s two-year hedge fund sojourn has come to an end. read more Read Full Story

A year after its case against Citigroup was dismissed, a Florida hedge fund is fighting to have that ruling overturned. read more Read Full Story

While the average hedge fund has bounced back from last year’s double-digit losses with double-digit gains, managed futures funds have taken a different path. read more Read Full Story

When the heads of the Wall Street banks sit down to Thanksgiving dinner tomorrow, they should be offering copious quantities of “thank you’s” to two groups: the federal government and hedge funds. read more Read Full Story

After 25 years together, the founders of hedge fund Chieftain Capital Management are going their separate ways. read more Read Full Story

Russian President Dmitry Medvedev has ordered an investigation into the death of a lawyer for hedge fund Hermitage Capital Management. read more Read Full Story

With its flagship strategy continuing to struggle, the Man Group saw its outlook downgraded by Credit Suisse. read more Read Full Story

There weren’t many representatives of Wall Street at President Barack Obama’s first state dinner, in honor of Indian Prime Minister Manmohan Singh. read more Read Full Story