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  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • SAN JUAN, Puerto Rico— Hedge funds representing a group of Puerto Rico bondholders sued the U.S. territory on Wednesday, saying it violated the terms of a rescue package recently approved by Congress to help pull the island's government out of a dire economic crisis. The hedge funds contend Puerto Rico is barred from taking those and other actions before the...

  • LONDON, July 19- A Dallas hedge fund was among investors betting on a fall in the price of ARM Holdings when SoftBank Group's surprise $32 billion bid sent shares in the British chip designer surging nearly 50 percent. Data from Britain's regulator, the Financial Conduct Authority, shows that Maverick Capital had a substantial outstanding short position in ARM...

  • LONDON, July 19- Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority to the EU's executive European Commission for endorsement is a taste of what Britain's...

  • LONDON, July 19- Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority to the EU's executive European Commission for endorsement is a taste of what Britain's...

  • NEW YORK, July 18- A former portfolio manager at Visium Asset Management LP pleaded not guilty on Monday to charges that he engaged in a scheme to defraud investors by inflating the value of a bond fund and overstating its liquidity. Stefan Lumiere, 45, entered his plea to conspiracy, securities fraud and wire fraud charges in federal court in Manhattan, about a...

  • LONDON, July 15- As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Hedge funds on average were down 0.18 percent on the day of June 24, while trend-following machine-based strategies gained 0.71...

  • LONDON, July 15- As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Hedge funds on average were down 0.18 percent on the day of June 24, while trend-following machine-based strategies gained 0.71...

  • LONDON, July 15- As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Hedge funds on average were down 0.18 percent on the day of June 24, while trend-following machine-based strategies gained 0.71...

  • July 15- Activist hedge fund Barington Capital Group L.P. said on Friday it was withdrawing its nominees to the board of women's apparel retailer Chico's FAS Inc, days after two major proxy advisers backed the company's nominees. The hedge fund had nominated its founder, James Mitarotonda, and Janet Grove, a former Macy's Inc executive, for Chico's board, urging...

  • Impala, a $2 billion stock-focused hedge fund manager based in New Canaan, Connecticut, plans to launch the Impala Resource Fund on August 1 with no more than $125 million, according to the note, which was sent out to clients on Wednesday. The average hedge fund with an energy-biased strategy rose by just 0.4 percent in the five months through May, after losing 1...

  • NEW YORK, July 14- Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make "material changes to its incentive structure." Ackman has waged a four-year campaign against Herbalife, making a $1 billion short bet against it in 2012 and accusing it of running a pyramid scheme which...

  • NEW YORK, July 14- Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make "material changes to its incentive structure." Ackman has waged a four-year campaign against Herbalife, making a $1 billion short bet against it in 2012 and accusing it of running a pyramid scheme which...

  • LONDON, July 11- Continued hedge fund liquidation of former bullish bets on oil and the establishment of new short positions have kept crude prices on the defensive over the last month. Hedge funds and other money managers cut their bullish bets on crude oil by another 22 million barrels over the seven days ending on July 5. Hedge fund long positions have been cut...

  • NEW YORK, July 7- U.S. hedge fund Moore Capital Management has fired a portfolio manager a day after a media report of a raucous party he threw at a rented mansion in the Hamptons, New York's summer playground for the rich and famous. Brett Barna had been employed for 6-1/ 2 years at Moore Capital, the $15 billion hedge fund run by billionaire Louis Bacon.

  • Activist hedge funds dial it back in first half of 2016.

  • Activist hedge funds dial it back in first half of 2016.

  • BOSTON, July 5- Activist hedge funds were choosier in throwing their weight around corporate boardrooms during the first half of the year as they managed a smaller cash pile and struggled to beat benchmark returns. Activist investors, including billionaires like Pershing Square's William Ackman and Trian Fund Management's Nelson Peltz, mounted 75 activist...

  • LONDON, July 4- Hedge funds and other money managers are betting diesel and heating oil will take over from gasoline as the main driver of U.S. refinery profitability in the second half of the year. The most recent data published by the U.S. Commodity Futures Trading Commission shows some profit-taking on these positions in the week to June 28.