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.
Man Group shares surge on debt buyback (Headlines)
Reuters reports that hedge fund firm Man Group cheered investors with plans to use surplus cash to buy back all its debt securities, overshadowing a surge in client outflows to the highest level since the onset of the credit crisis.