What’s news around the hedge fund industry for Monday, Aug. 13, 2012:

Around the web

Seth Klarman beating all horse owners at Saratoga meet. (The Business Review)

Dealing with activist hedge funds. (Harvard Law School Forum)

Avenue Capital emerges as lead bidder for Variety. (New York Post)

Is that it for financial crisis cases? (DealBook)

For lawyers, Petters case keeps on giving. (Minneapolis-St. Paul Business Journal)

Veritas Investment Research, IndiaBulls in slanging match. (Domain-B)

Harbinger to buy up to 1 million Spectrum Brands shares. (WSJ.com)

Advisers gaining upper hand in growing ETF market. (WSJ’s Financial Adviser blog)

Job churn hits insider probe. (WSJ.com)

Hedge funds capitulate on European shorts at fastest rate since 2009. (Bloomberg)

E.U. hedge funds face pay threat. (Financial Times)

Short sellers target European car stocks. (Financial Times)

Doug Whitman to testify at insider trial, spokesman says. (Bloomberg)

The great British Brexit. (BBC)

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