What’s news around the hedge fund industry for Tuesday, July 24, 2012:

Around the web

Man’s trend-following AHL flagship needs to pick up the pace. (The Guardian)

€2.4 billion Dutch pension fund of TNO abandons hedge funds after loss. (IPE.com)

Unconventional wisdom: the case for hedge fund secondaries. (IPE magazine)

European distressed: toxic assets, or toxic prices? (IPE.com)

In euro zone, debt pressure tightens grip. (NYT.com)

Wet Seal mulls Clinton Group’s recommendation. (MarketWatch)

We need a ‘bloodhound’ hedge fund to sniff out financial skulduggery. (The Guardian)

My big fat Belezian, Singaporean bank account. (NYT Magazine)

Trading surges boosted ‘Whale’ positions before audits. (Bloomberg)

Asia hedge funds put returns ahead of cash as investors hold off. (Bloomberg)

Fed’s Raskin sees high costs from Volcker rule exemptions. (Bloomberg)

Fairfield (Conn.) Joint Retirement Investment Board hires Diversified Global Asset Management. (Pensions & Investments)

Phoenix Investment Adviser secures $40 million seed. (HedgeFund.net)

At Goldman Sachs, something in the water. (DealBook)

Advent and Data Agent join forces to address Form PF compliance requirements. (Marketwire, via Equities.com)

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