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The short, sad path of Old Lane; Tilden Park’s 30% gain, taking Dodd-Frank in stride; S&P correlation and lag; and more

By Chris Clair

What’s news around the hedge fund industry for Tuesday, Oct. 16, 2012:

Around the web

A trip down the short, sad path of Old Lane. (DealBook)

State Street Corp. CEO Jay Hooley says he has a diminished appetite for acquisitions. (Boston Business Journal)

The people who make up Citi’s board. (DealBook)

IKOS Asset Management Ltd. can’t search ex-employees’ computers, judge rules. (Bloomberg)

Ex-Goldman mortgage trader Josh Birnbaum said to post 30% gain in Tilden Park Capital Management fund. (Bloomberg)

Jack DiMaio’s Mead Park Holdings LLC creating loan-investing venture with Doral Financial Corp. (Bloomberg)

Hedge funds taking Dodd-Frank in stride. (FINalternatives)

HFRX: Hedge funds add 0.39% in September. (FINalternatives)

RBC Hedge 250 index adds 0.61% in September. (FINalternatives)

We’re paying for what? Hedge funds correlated to, but lagging, S&P 500. (FINalternatives)

Lenders still warring over Nine Entertainment. (Sydney (Australia) Morning Herald)

Vulture funds behind Nine. (Australian Financial Review)

Bankers ride the punches for charity at Hedge Fund Fight Nite. (South China Morning Post)

Off year on Wall Street drove down Manhattan wages, data show. (NYTimes’ City Room blog)

Investors voice concerns over ‘regulatory crush’. (The Trade News)

Hedge fund execs show support at ALTSO fundraiser. (HedgeFund.net)

Hedgestock algorithm wins Nobel Prize for Economics. (Albourne Village)

Hopes for a return to fundamentals. (Financial Times)

Jones Trading Institutional Services to offer convertible bonds. (FINalternatives)

Deutsche Boerse: Transaction tax won’t rescue banks. (Reuters)

Titanic artifacts collection to be sold for $189 million. (Reuters)

State Street quarterly profit jumps 21% on Lehman claims. (Dow Jones Newswires, via 4Traders.com)

People moves

Aquila Capital hires hedge fund vet Stuart MacDonald. (FINalternatives)

Forward Management hires team in advance of hedge fund launch. (FINalternatives)

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