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Lest there be any doubt that the hedge fund business is becoming crowded, get this: Billionaire investor Sid Bass is expanding his hedge fund operation by going after the do-good crowd.
FORBES: Sid Bass tries to hook investors with a no-sin fund.
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Julius Baer, another medium-sized bank, sold its institutional stockbroking arm in 2003 and is now spinning off GAM, its volatile hedge-fund operation.
ECONOMIST: Offshore private banking
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Khan, a central figure in Operation Perfect Hedge, was one of the original cooperators with the government and she testified against Whitman at trial.
FORBES: There Must Be 50 Ways to Inside Trade
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Rengen also knows that of over 70 people charged by the Southern District of New York in Operation Perfect Hedge, all have either pleaded guilty or lost at trial.
FORBES: Rengen Rajaratnam Rides Shotgun With FBI Back To U.S.
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With nearly 70 people now tagged as felons in New York as a result of Operation Perfect Hedge, firms need to come up with a quick list of not only what is allowed, but what is not allowed.
FORBES: There Must Be 50 Ways to Inside Trade
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That includes Global Alpha, its flagship hedge fund, as well as more broadly with the money management operation.
FORBES: Early Retirement Or Early Warning?
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Andrew Zlot, a Hong Kong hedge-fund manager, invested in Mr. Ramini's operation, then quit his job and last month starting working on the farm.
WSJ: It's Easy to Be Cowed When Trying to Milk a Water Buffalo
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His first job at a high-frequency trading operation was as a quantitative research analyst at Citadel, a giant Chicago hedge fund, which he joined in early 2009.
WSJ: High-Speed Trading in the Spotlight
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Odey Asset Management, another hedge-fund titan, says it is in the process of establishing a Swiss operation in order to give itself some options, although it is unlikely that the whole operation would leave Britain.
ECONOMIST: London risks losing its global appeal
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Importantly, hedge funds have evolved in recent decades as a natural result of long-term changes in the structure and operation of the financial markets.
FORBES: The Simple Truth about Hedge Funds