Bloomberg Business Week cover, adapted from photo by koka_sexton on Flickr.
11 May 2016

Hedge Fund Industry Shows Weak Returns As Managers Take Home $13 Billion

Despite a thoroughly lackluster performance recently, the hedge fund industry is still setting records in executive compensation.

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17 Sep 2015

California Teachers’ Pensions May Embrace Hedge Funds

The hedge fund industry continues to expand its influence throughout the US economy and financial system despite having a lackluster performance record. The latest catch is a true whale, the California State Teachers’ Retirement System, a pension fund worth approximately $119 billion that serves roughly 880,000 active and retired school employees.

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19 Aug 2015

Citigroup To Pay $180 Million For Latest Fraud

On August 17, Citigroup agreed to pay $180 million to settle charges from the SEC that two of the megabank’s hedge funds defrauded investors. According to the SEC, Citigroup’s hedge funds “made false and misleading representations to investors” about how risky investing in the funds were.

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