What’s news around the hedge fund industry for Tuesday, Jan. 8, 2013:

News roundup will be taking a break starting Jan. 9 and returning Jan. 15.

Around the web

Is Eddie ready to run Sears? (WSJ.com)

Witness alerted government to insider trading suspects. (Nasdaq)

Palmer Square agrees to buy a majority of Fountain Capital Management. (Kansas City Business Journal)

Hedge fund quants lose money in 2012. (The Telegraph)

Herbalife CEO set to fire back after Bill Ackman publicly labeled his weight management and nutritional supplement distribution company a pyramid scheme. (New York Post)

Eunuchs of the universe: Tom Wolfe on Wall Street today. (Newsweek, via The Daily Beast)

Lawyer: No payment for Gupta in exchange for alleged tips. (WSJ’s Law Blog)

Man Group appoints executives at its GLG division. (DealBook)

Paulson positive in December. (Bloomberg, via FINalternatives)

Titan Advisors’ taste for small funds seen behind its SAC exit. (Fox Business)

Cohen’s SAC Capital said to raise fund manager bonuses. (Bloomberg)

Hedge funds end ‘12 up 3.51%. (FINalternatives)

Fortress hedge funds post double-digit gains in 2012. (FINalternatives)

Hedge funds net $4.7 billion in November. (FINalternatives)

Is this the end of the line for Rothschild? (The Independent)

Dartmouth controversy reflects quandary for endowments. (DealBook)

Rage against the coin. (Paul Krugman’s blog)

People moves

Sunrise Capital Partners managing director Jason Gerlach has been elected president of the California Hedge Fund Association, effective Jan. 1. Gerlach has been at Sunrise since 2008, and he and Sunrise have been integral to the launch of the CHFA. “My sleeves are rolled up,” Gerlach said in a news release. “I am excited to do whatever it takes to make clear to the investment world that some of the best managers, service providers, and industry thought leaders are in California.”

JPMorgan’s Staley joins BlueMountain Capital Management. (CNBC) Story here.

GRT Capital Partners nabs BlackRock energy expert Daniel Rice. (FINalternatives)

PAAMCO names three new partners: Jim Meehan, Scott Warner and David Weinberger. (FINalternatives)

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