Hedge Funds make record bearish Corn bets (Fund News)
U.S. farmers are poised to reap their biggest-ever corn crop, expanding global stockpiles to the most in 13 years and spurring hedge funds and other speculators to make record bets that prices will keep slumping.
Winton developes new computer model for hedge fund (Fund News)
Winton Capital, one of the world's biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money, according to a report by Reuters.
SEC Not to Move against Hedge Fund Magnetar over Mortgages (Fund News)
The U.S. securities regulator has decided not to file civil charges against hedge fund firm Magnetar Capital LLC over its role in helping create mortgage securities that lost value during the financial crisis, the Wall Street Journal reported.
Harbinger sues Dish Network's Ergen over LightSquared (Fund News)
Reuters reports that Phil Falcone's hedge fund sued satellite TV mogul Charlie Ergen and his Dish Network Corp for $4bn on Tuesday for an alleged loan-trading scheme aimed at stripping Falcone of his control over LightSquared Inc, a bankrupt wireless communications business.