Patricia Cohen, the ex-wife of SAC Capital Advisors founder Steven Cohen, is in the midst of her second bad break-up with a lawyer.

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Stenham Asset Management is buying one of the oldest fund of hedge funds shops in Europe in a move that will increase its own assets under management by more than 10%.

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An activist caravan to bring one of Jimmy Carter’s solar panels back to the White House symbolizes not only the time the U.S. has lost in developing new energy technologies – but also the urgent need for taking action on climate. BY BILL MCKIBBEN

London-based City Financial has launched an Asian fund of hedge funds, hiring Clontarf Capital to manage the new portfolio.

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A deal on strict new hedge fund and private equity rules for the European Union is just weeks away, according to the bloc’s internal markets commissioner.

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Goldman Sachs’ proprietary trading business—the cradle of many of the world’s most successful hedge fund managers—will close to comply with new U.S. financial regulations, but not before spawning another hedge fund or two.

Some members of Goldman's Asia prop. team are likely to join a hedge fund founded by Morgan Sze, head of that group, while the New York-based traders are in talks to join an asset management firm.

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Hedge funds inched up in August, avoiding the steep decline suffered by the broader markets last month.

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The Michigan State Retirement Systems is tripling its hedge fund allocation—at the expense of its private equity investments.

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As GLG Partners nears its tie-up with the Man Group, there’s been a shake-up in its Middle East and North Africa ranks.

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Former hedge fund lawyer Reshma Saujani has won a boost in her battle to oust a veteran congresswoman.

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Noting that it will take time to develop alternative energy sources, the German government has agreed to extend the operating life of the nation’s 17 nuclear plants. AFP/Getty Images Angela MerkelThe decision, which will extend the life of Germany’s nuclear facilities an average of 12 years, was criticized by green groups, who charged it would create windfall profits for power companies. Chancellor Angela Merkel said Germany was not able to get rid of nuclear power as planned because nuclear was needed as a “bridge” to other new sources of energy. German sentiment toward nuclear power has shifted recently; a July poll found that 81 percent of Germans believed the country could not go entirely without nuclear power, up from 59 percent five years ago.

UCITS funds remaimed relativly flat in August, while UCITS funds of funds lost a bit of ground.

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Global hedge fund firm GLG Partners has appointment Mark Diab as a portfolio manager.

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London-based Insparo Asset Management has appointed emerging markets veteran Graham Stock as chief strategist.

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August was a lost month for much of the hedge fund industry, but at least three firms didn’t wilt in the summer heat. Bernheim Dreyfus & Co., Lyford Group International and Quantitative Investment Management each posted above-average returns last month, and all boast at least one fund in their stable with stellar returns on the year.

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RAB Capital said that Charles Kirwan-Taylor, its chief investment officer, would succeed Stephen Couttie as CEO.

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For the fourth time, unhappy victims of the Bernard Madoff Ponzi scheme have objected to the bills presented by the court-appointed receiver in the $65 billion fraud case.

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Researchers in the African nation of Guinea have observed male chimps in the wild that have learned to spring snares set by humans without getting caught in the traps. Their findings, reported in the journal Primates, apparently mark the first time that chimps have been observed demonstrating the intelligence needed to identify a snare and then figure out how to deactivate it without being caught or injured. iStockphoto.com On six different occasions, the researchers saw five separate male chimps approach the snares and attempt to render them inoperable by shaking them until they sprung or knocking out a sapling that springs the trap. On two occasions, the scientists reported, the chimps successfully deactivated the traps, and on none of the six occasions did any of the chimps get caught in the snares. Humans lay snares across the African jungle to catch bushmeat, killing or injuring countless animals. However, the researchers reported few injuries among the chimps in the Bossou region of Guinea, possibly because the chimps there have learned to identify the snares and either render them harmless or avoid them.

Hedge funds continued to hemorrhage assets despite strong performance in July, according to a new report.

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Goldman Sachs has reiterated its argument that a collapsed Australian hedge fund cannot sue it in the United States, but has changed the venue where it says the troubled transaction took place.

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