What’s news around the hedge fund industry for Wednesday, Dec. 28, 2011:

Around the web

Tough markets: Punishing hedge funds since 2003. (WSJ’s MarketBeat blog)

Hedge fund movies coming soon. (HedgeFund.net)

‘Financial amnesia’ a factor behind crisis. (Financial Times)

Vulpes Investment Management’s Stephen Diggle bets on farmland. (Bloomberg)

Steven A. Cohen is bidding for the Dodgers. (Los Angeles Times)

Crispin Odey talks ‘crystal ball’ and ‘opportunities’. (Financial News, via HedgeFund.net)

Don’t give up on the sensible ideas of the Dodd-Frank act: Editorial. (Bloomberg)

Asia’s hedge fund industry becoming more mature, says SAIL Advisors. (Hedgeweek)

Hedge fund managers miss biggest commodity rally in 10 weeks. (Bloomberg Businessweek)

Prepare for the year of the commodity quandry. (The Australian)

Bridgewater, AQR take aim at defined contribution assets. (InvestmentNews)

Paulson gold fund said to lose 10.5% in 2011, even as metal heads for gain. (Bloomberg)

Small hedge funds gain large favor. (New York Post)

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