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  • NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.

  • NEW YORK, Sept 19- Merrill Lynch summarily fired two veteran brokers from its elite Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.

  • BOSTON, Sept 17- Despite the recent rebuke of hedge funds by the influential California Public Employees' Retirement System, other investors are pumping billions into these portfolios, boosting industry assets to a record $3.1 trillion, data released on Wednesday show.

  • Sacramento- based Calpers said on Monday it was pulling about $4 billion from a total of 30 hedge funds it was invested in under its Absolute Return Strategies portfolio, citing costs and difficulty in maintaining the program. BlueTrend, owned by U.K.- based BlueCrest Capital Management, could not immediately be reached for comment.

  • Calpers exit could heap pressure on hedge fund fees Tuesday, 16 Sep 2014 | 5:07 PM ET

    BOSTON, Sept 16- The California Public Employees Retirement System handed fellow U.S. pension funds a hefty club to beat down hedge fund fees and demand better returns this week when it voted to pull out of hedge funds entirely, investors said.

  • Sears takes $400M loan from Lampert's hedge fund Tuesday, 16 Sep 2014 | 7:47 AM ET

    NEW YORK— Sears is taking out a $400 million secured short-term loan from a hedge fund run by CEO Edward Lampert. The Hoffman Estates, Illinois, company, which runs Sears and Kmart stores, said in a regulatory filing that the loan is from entities affiliated with Lampert's ESL Investments Inc..

  • Early movers: HSY, SHLD, BX, BA, LMNT, BABA & more Tuesday, 16 Sep 2014 | 7:35 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Sept 15- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

  • Sept 15- Calpers, the largest U.S. pension system, said on Monday it has scrapped its hedge fund program and will pull about $4 billion in its investments from 30 such funds.

  • Sept 11- Billionaire investor Carl Icahn's son, Brett Icahn, has scrapped plans to start his own hedge fund firm and will continue staying with his father's firm, a source familiar with the situation told Reuters on Thursday.

  • Big money disagrees on investing in Russia Tuesday, 9 Sep 2014 | 1:28 PM ET
    A Ukrainian serviceman rides in an armored vehicle near Kramatorsk September 8, 2014.

    Large investors can't decide if Russian stocks are cheap because of the Ukraine crisis or if the region is still too risky to bet on.

  • BOSTON, Sept 8- Hedge funds had their best month since February when they reported a 1.56 percent rise in August, according to data released on Monday, on a mix of corporate deals and strong company earnings that helped push the stock market higher.

  • Chief of $1 billion Juilliard endowment is leaving Monday, 8 Sep 2014 | 3:43 PM ET
    Karina Canellakis leading the Juilliard Orchestra at Alice Tully Hall on Thursday night, May 22, 2014.

    David Marcus, who has led Juilliard's endowment out of financial crisis losses with the help of Wall Street execs, is set to depart.

  • Private equity preps Latin America push Monday, 8 Sep 2014 | 7:00 AM ET
    Rio de Janiero, Brazil

    Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.

  • Blackstone exec: US soccer a great investment Thursday, 4 Sep 2014 | 1:25 PM ET
    Peter Cohen of Blackstone Advisory Partners.

    A senior executive at Blackstone thinks big money investors can make piles of cash by betting on the growth of soccer in the U.S.

  • Team owners have 'moral' obligation: Bucks chief Thursday, 4 Sep 2014 | 12:03 PM ET
    Marc Lasry

    Billionaire investors Marc Lasry and Josh Harris say the sports teams they own are no strip and flip play.

  • Singapore GIC gives PE firms a run for their money Wednesday, 3 Sep 2014 | 7:14 PM ET
    An employee is silhouetted against the logo for the Government of Singapore Investment Corp. (GIC) during GIC's staff conference, in Singapore.

    Singapore's GIC is taking the unusual step of investing directly in unlisted firms as low yields spur fund managers to adopt a more hands-on attitude.

  • Hedge fund grows despite tepid returns, bad press Wednesday, 3 Sep 2014 | 2:47 PM ET
    Dan Och

    For some observers, 2014 has tested Och-Ziff's conservative reputation but many analysts are still bullish on the hedge fund firm's prospects.

  • Oaktree fund betting big on economic downturn Tuesday, 2 Sep 2014 | 12:31 PM ET
    Howard Stanley Marks

    A major investment firm is getting ready for the next market downturn by seeking to raise a massive pool of capital for distressed bets.

  • NEW YORK, Aug 29- Some hedge funds seem to have missed out on this week's big rally in U.S. natural gas, cutting bullish bets on the fuel before prices hit six-week highs, government data suggested on Friday.