What’s news around the hedge fund industry for Wednesday, Dec. 26, 2012:

Around the web

Crispin Odey suffers £6 million pay cut. (The Telegraph)

Banks face surge in claims over bonus promises that are not kept. (The Times)

The triumphs and failures of deal makers in 2012. (DealBook)

ICE chief Jeffrey Sprecher challenges stock views of trading. (WSJ.com)

SEC going high-tech with real-time trade data. (Washington Post)

High-frequency trading prospers at the expense of everyone. (Bloomberg editorial)

Whitney Tilson: I’m shorting Herbalife, too. (WSJ’s Market Beat blog)

Here we take a look at November 2012 absolute performance for the top 5 event-driven funds in two categories - all funds and U.S.-only funds - as tracked by Lipper’s hedge fund database. To see more analysis, including assets under management and domicile information for the top 10 funds in each category, click here for all funds and here for U.S.-only funds. To be truly connected to all the Lipper analytics available on HedgeWorld, become a HedgeWorld Premium Plus member. To find out more about how to do that, visit hedgeworld.com/membership/.

What’s news around the hedge fund industry for Monday, Dec. 24, 2012:

Around the web (post-Mayan apocalypse/Christmas edition)

Bill Ackman is right about Herbalife; it’s ripe for investigation. (Janet Tavakoli on HuffPo)

Madoff settlement could net hefty profit for hedge funds and investors. (Hedge Funds Review, via Herrick)

Buying back Greek debt rewarded hedge funds. (NYTimes.com)

What SEC chief needs to OK hedge fund ad rule. (MarketWatch)

Could AIG happen again? (NYTimes.com)

Lawless at sea: Elliott Management, Ghana and Argentina a case study in the dangers of the Law of the Sea Treaty. (WSJ.com)

Top U.K. equity trader to leave Soros Fund Management. (Financial Times)

Brevan Howard cements reputation as one of the highest paying hedge funds. (The Telegraph)

Chicago Laborers’ Annuity & Benefit Fund hires Rock Creek Group and Pluscios Management. (Pensions & Investments)

Fortress Investment Group says co-founder Robert Kauffman to retire. (Bloomberg)

Citigroup said to give Citigroup Capital Advisors managers 75% fund stake for free. (Bloomberg Businessweek)

Hedge fund redemptions spike. (FINalternatives)

December looking up for hedge funds. (FINalternatives)

Peter Madoff gets 10 years in prison. (FINalternatives)

Texas Real Estate Hedge Fund in commercial property joint venture. (FINalternatives)

Ohio Public Employees’ Retirement System commits to Tiger Consumer Partners, increases Bridgewater commitment. (Pensions & Investments)

Fifth person – Richard Baldwin – charged in U.K. Tabernula insider trading case. (Bloomberg)

Here we take a look at November 2012 absolute performance for the top 5 equity market neutral funds in two categories - all funds and U.S.-only funds - as tracked by Lipper’s hedge fund database. To see more analysis, including assets under management and domicile information for the top 10 funds in each category, click here for all funds and here for U.S.-only funds. To be truly connected to all the Lipper analytics available on HedgeWorld, become a HedgeWorld Premium Plus member. To find out more about how to do that, visit hedgeworld.com/membership/.

Here we take a look at November 2012 absolute performance for the top 5 pure emerging markets funds in two categories - all funds and U.S.-only funds - as tracked by Lipper’s hedge fund database. To see more analysis, including assets under management and domicile information for the top 10 funds in each category, click here for all funds and here for U.S.-only funds. To be truly connected to all the Lipper analytics available on HedgeWorld, become a HedgeWorld Premium Plus member. To find out more about how to do that, visit hedgeworld.com/membership/.

What’s news around the hedge fund industry for Thursday, Dec. 20, 2012:

Around the web (pre-Mayan apocalypse edition)

Shadow banking or ghosts in the machine? (The Statesman)

UBS minimizes impact of guilty plea. (DealBook)

Hedge fund lobby criticizes final E.U. rules. (FINalternatives)

Andor Capital Management founder Daniel Benton buys $39 million Manhattan apartment. (FINalternatives)

Newtown, guns and Wall Street: Is it just about the money?. (WSJ.com)

Some investors make a point about guns. (Pittsburgh Post-Gazette)

Two former Porsche executives charged with market manipulation in failed VW deal. (NYTimes.com)

Here we take a look at November 2012 absolute performance for the top 5 dedicated short bias funds in two categories - all funds and U.S.-only funds - as tracked by Lipper’s hedge fund database. To see more analysis, including assets under management and domicile information for the top 10 funds in each category, click here for all funds and here for U.S.-only funds. To be truly connected to all the Lipper analytics available on HedgeWorld, become a HedgeWorld Premium Plus member. To find out more about how to do that, visit hedgeworld.com/membership/.

What’s news around the hedge fund industry for Wednesday, Dec. 19, 2012:

Around the web

A banker’s costly cab ride: Morgan Stanley tries to claw back millions from William Bryan Jennings’ after violent taxi fare dispute. (WSJ.com)

Steven Schonfeld trailing traders from shuttered funds. (New York Post)

What we know about trading at SAC Capital. (Bloomberg Businessweek)

Dan Loeb’s Third Point makes $500 million profit from Greek bonds. (The Telegraph)

Aladdin Capital Management fined over CDO program claims. (FINalternatives)

Madoff brother Peter a ‘victim,’ lawyer says as sentencing looms. (FINalternatives)

New York City pensions seek up to 15 hedge funds. (FINalternatives)

Hector Sants secures £3 million package at Barclays. (Financial Times)

Wells Fargo seeks growth in hedge funds, other Wall Street services. (Charlotte Business Journal)

Gramercy Funds Management in middle of Argentine debt battle. (NYTimes.com)

Deal making: An American-made business model has less success overseas. (DealBook)

S&P raises Greek credit rating to B- from ’selective default’. (Associated Press, via NYTimes.com)

Brummer & Partners awards mandate to Citigroup. (eVestment, formerly HedgeFund.net)

Here we take a look at November 2012 absolute performance for the top 5 convertible arbitrage funds in two categories - all funds and U.S.-only funds - as tracked by Lipper’s hedge fund database. To see more analysis, including assets under management and domicile information for the top 10 funds in each category, click here for all funds and here for U.S.-only funds. To be truly connected to all the Lipper analytics available on HedgeWorld, become a HedgeWorld Premium Plus member. To find out more about how to do that, visit hedgeworld.com/membership/.

What’s news around the hedge fund industry for Tuesday, Dec. 18, 2012:

Around the web

The impact of the latest insider trading convictions. (DealBook)

Cerberus Capital Management to dump gun maker Freedom Group after Newtown massacre. (TPMMuckraker)

Hedge funds with the biggest stakes in gun manufacturers. (Clusterstock)

Wells Fargo buys 35% of Rock Creek Group. (FINalternatives)

Zimmer Lucas Capital is selling the world’s most expensive office space for $49.9 million. (Business Insider’s The Life)

Hedge funds caught out as short selling costs them dear. (Citywire)

Dark pool growth hurts investors, NYSE, Nasdaq tell Senate. (Bloomberg)

Regulators seek court ruling against Peregrine. (Dow Jones Newswires, via Nasdaq)

Australia fund managers back tax on high-frequency trading firms. (Bloomberg)

They have a bridge to sell you. N.Y.’s Triborough Bridge & Tunnel $728 million, two-part deal on hold. (Reuters)