Hedge funds are taking advantage of human rights legislation in a bid to claim money back from the Government.

I was watching Will Hutton's Dispatches programme on bank failures last night, and it really emphasised the point that it is impossible to generalise about hedge funds, much as many of us lefties like to. Bear Stearns was floored by its hedge funds' exposure to CDOs, as part of a big punt on subprime. Yet at the same time (and subsequently) there were hedge funds profiting from a wholly ...

A lot of people in the financial industry are trying to figure out the individual costs to them of the $50 billion Bernard Madoff hedge fund fraud. The allegation is that Mr Madoff operated a "Ponzi scheme" scam wherby hedge fund investors were paid money, not from the performance of the funds, but by money paid in by new clients. As soon as the inflows of new clients dried up - partly due to the....

Greek paper Kathimerini reported over the weekend that Greece only has enough money to last until 18 July if it does not receive the next tranche of funds from the original bailout. The EU/IMF/ECB are currently reviewing Greece’s progress on the adjustment programme and, with its failings widely known, it is still unclear whether it will receive the money given that it did not achieve the re...

The US Federal Reserve lent billions of dollars to hedge funds as part of its emergency liquidity programme during the financial crisis, data released by the central bank show

Jim Sinclair on a Greece default, the pending ISDA decision and the insolvency of the five largest U.S. banks! So who is Jim Sinclair, what is the ISDA and what do either one have to do with the Greece sovereign debt crisis or the solvency of banks in the U.S.? Because the way that the Greece sovereign debt crisis will ultimately be handled by the EU has implications far beyond either Greece or th...

Hedge funds from outside the European Union will have to meet standards on tax, money laundering and regulatory information to access the bloc's investors, under proposals likely to be agreed in the European Parliament

The rise and power of hedge funds represents one of the biggest changes to the global economy over the past half century. Predominantly limited liability partnerships, most hedge funds are exempted from much of the regulation that applies to investment...

The US Treasury said it would set up a temporary insurance program for the money market mutual fund industry as part of its efforts to address the financial crisis which has shown signs of spilling over into the money market arena this week

The Eurozone’s political crisis is deepening. Further to the news that individual member states were seeking their own bilateral deals with Greece to insure their taxpayers’ money from default, the FT reports that disagreements are emerging over how these deals should be conducted. Holland objects that Finland’s deal with Athens relies on Greece using EU bailout funds as col...