David Einhorn and his firm, Greenlight Capital, have been fined £7.2m by UK regulators for trading ahead of a 2009 equity fundraising by Punch Taverns.
Harbinger backed LightSquared calls for new tests of its mobile network (Fund News)
LightSquared, the telecom start-up backed by hedge fund manager Philip Falcone, called for new tests of its mobile system to examine interference concerns after it accused the latest government tests of being "rigged."
Avesta Capital returns money to investors (Headlines)
Avesta Capital Advisors LLC, the $600m equity hedge fund run by William Tung, is giving back outside capital after almost a decade in business, according to a letter sent to investors.
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