George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165m in the first quarter.
Anthony Chiasson sentenced to 6-1/2 years in prison (Fund News)
Former Level Global Investors LP fund manager Anthony Chiasson on Monday was sentenced to 6-1/2 years in prison for insider trading, a penalty that the judge in the case said was intended to deter others in the financial industry from similar conduct.
Ex-Goldman executives rumored to target $4bn for fund (Fund News)
Bloomberg reports that Mount Kellett Capital Management LP, the investment firm founded by two former Goldman Sachs Group Inc. (GS) executives, plans to raise a new fund matching the $4bn gathered in 2012 by its last global special-situations vehicle, according to two people familiar with the matter.