What’s news around the hedge fund industry for Wednesday, Oct. 24, 2012:

Around the web

The rise and fall of Rajat Gupta. (WSJ.com)

Baupost Group co-portfolio manager Herb Wagner to start his own firm. (Bloomberg)

Hedge funds belt few home runs. (WSJ.com)

Cantor Fitzgerald to manage Coast Asset Management’s fund of hedge funds. (FINalternatives)

Newscape Capital Group launches second UCITS fund. (FINalternatives)

D.E. Shaw ‘looks set to have a good year’. (Dow Jones Newswires, via Barron’s Focus on Funds blog)

Hedge funds ‘dream’ of mini-Brookfield at Dundee. (Toronto Globe and Mail)

Popularity of currency bets on the rise. (WSJ.com)

Marathon Asset Management seeks probe of AMR debt deal. (WSJ.com)

Billionaires put big bucks in Louisiana school board races. (WaPo’s Answer Sheet blog)

Exchanges retreat on trading tools: Fund managers, regulators say certain orders are risky, aid high-speed firms. (WSJ.com)

Judge dismisses MF Global employee lawsuit. (Reuters)

Singapore’s LIBOR role in the spotlight. (Financial Times)

Diamondback’s Todd Newman loses bid to split insider trading trial. (Bloomberg)

Kweku Adoboli sent rogue trader warnings by UBS after Kerviel losses. (Bloomberg)

Greek regulator to extend short-selling ban. (Reuters)

People moves

Omni Partners hires ex-Barclays European equities head Howard Spooner. (Financial News, via FINalternatives)

SAC Re adds property catastrophe underwriter Tim Duffin. (Trading Risk, via FINalternatives)

This entry was posted on Wednesday, October 24th, 2012 at 6:45 pm and is filed under News Roundup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.