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Report - Avenue Capital now closing its original hedge fund

Receading Hedge

Amid a negative performance and a shift to funds with longer-term investor commitments, the distressed-investing firm Avenue Capital Group is closing its original hedge fund, Avenue Investments, and returning money to the fund's investors.

Ex-Deutsche Bank trader wins dispute with FCA

Deutsche Bank - Foyer Bridge

A London judge ruled former Deutsche Bank trader Christian Bittar was improperly identified in a regulatory sanction notice against the bank over Libor in a significant setback for the Financial Conduct Authority.

Pimco seeks to dismiss Gross claims over departure


Pacific Investment Management Co. fired back at the co-founder who oversaw the firm’s ascent for 43 years, saying Bill Gross’s lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.