What’s news around the hedge fund industry for Wednesday, Dec. 26, 2012:

Around the web

Crispin Odey suffers £6 million pay cut. (The Telegraph)

Banks face surge in claims over bonus promises that are not kept. (The Times)

The triumphs and failures of deal makers in 2012. (DealBook)

ICE chief Jeffrey Sprecher challenges stock views of trading. (WSJ.com)

SEC going high-tech with real-time trade data. (Washington Post)

High-frequency trading prospers at the expense of everyone. (Bloomberg editorial)

Whitney Tilson: I’m shorting Herbalife, too. (WSJ’s Market Beat blog)

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