What’s news around the hedge fund industry for Friday, Feb. 1, 2013:

Around the web

Wet Seal unveils cost-cutting plans, COO resigns. (WSJ.com)

New normal: Endowments becoming volatility conscious. (Mandate Pipeline)

Fabrice Tourre, Goldman Sachs trader accused of fraud, has left firm for good. (New York Post)

Kyle Bass chimes in on Herbalife: ‘I would never bet against Dan Loeb. (WSJ’s MarketBeat blog)

Ex-Barai Capital analyst Jason Pflaum sentenced to probation. (FINalternatives)

Goldman hedge fund chief Raan Agus adds credit unit to remit. (FINalternatives)

George Canellos to replace SEC’s Khuzami on interim basis. (FINalternatives)

Manager fees paid by North Carolina pension system soar by 28%. (Triangle Business Journal)

Barnier tells E.U. lawmakers in letter not to block swaps rules. (Bloomberg Businessweek)

People moves

Bandon Capital Management hires Russell vet Whitney Dow to lead marketing efforts. (FINalternatives)

This entry was posted on Friday, February 1st, 2013 at 6:32 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.