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The Latest Hedge Fund & Asset Management News

According to a recent survey undertaken by data provider EuroHedge, over 150 new hedge funds, attracting $13bn in assets, opened for business in the first 6 months of this year. That's up from 133 in the same period in 2004.

Top Traders Under 30

After a number of our readers wrote in, we are now publishing the list of 'Trader Monthly' magazine's Top Traders Under 30, which appeared in the August/September issue.

Grasso, Paulson, Skilling, Calyon, DB, Morgan Stanley

Dick Grasso, the former chairman of The New York Stock Exchange, has been ordered by a New York state supreme judge to pay back at least $36m of the controversial $187m severance and pension package he received when he stepped down in 2003. Grasso immediately confirmed that he will appeal the decision.