Funds Hub

Money managers under the microscope

Morning line-up

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Hedge fund stories from the past 24 hours from Reuters and elsewhere:

rtxcg5sHedge critic may get SEC risk post - NY Post

AIG chief defends holiday – Reuters

When Chanos warned the G7 – and no one listened – Seeking Alpha

Emerging market funds lead the pack – Hedge Funds Review

from DealZone:

UBS dodges bigger bullet in tax pact

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SWITZERLANDEmbattled Swiss bank UBS struck a deferred prosecution agreement with the U.S. Justice Department that will cost them $780 million. It could have been worse.

Though paying a hefty fine, the Swiss bank is paying ZERO punitive fines, despite conceding that they helped U.S. residents -- estimated to number 250 -- avoid paying income taxes over an eight year period.

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