NEW YORK (Reuters) – Steven A. Cohen’s hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate “unconditionally” with the U.S. government’s insider trading investigation.

In a brief letter to investors, the $15 billion hedge fund did not elaborate but said it believes the next few months will be critical in the investigation.

NEW YORK, May 17 (Reuters) – Steven A. Cohen’s hedge fund
SAC Capital Advisors told investors on Friday it would no longer
cooperate “unconditionally” with the U.S. government’s insider
trading investigation.

In a brief letter to investors, the $15 billion hedge fund
did not elaborate but said it believes the next few months will
be critical in the investigation.

LAS VEGAS (Reuters) – In Las Vegas this week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio hotel backdrop of glitz and gambling.

For the fifth straight year, private jets dropped off billionaire managers to schmooze clients and share success recipes with legions of hedge fund faithful who came on commercial airliners for the SkyBridge Alternatives Conference, which ran from Tuesday evening through Friday.

LAS VEGAS, May 9 (Reuters) – Billionaire investor Daniel
Loeb will go anywhere for a good trade and he is particularly
focused on Japan right now, he told a hedge fund industry
conference on Thursday, according to people who heard him speak.

Loeb discussed everything from his bet on Greek and
Argentine debt and nutritional supplements company Herbalife
, but spent much of the time discussing Japan, these
people said. He was speaking as the currency dropped to trade at
100 yen to the dollar, its lowest level in four years.

LAS VEGAS, May 9 (Reuters) – Billionaire investor Daniel
Loeb will go anywhere for a good trade, he told an industry
conference, discussing the strategies that have turned him into
an industry stand-out in 2013, according to people who heard him
speak.

Loeb discussed everything from his bet on Japan, to Greek
and Argentinian debt and nutritional supplements company
Herbalife, said these people.

LAS VEGAS (Reuters) – Days after reporting some of the industry’s deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term and reminded a conference audience that he had made billions in the past.

People who heard the remarks in Las Vegas on Wednesday said Paulson barely touched on the losses that his long-standing bet on gold and gold miners had inflicted on several of his portfolios, including a small fund which has lost 47 percent this year.

NEW YORK (Reuters) – Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year’s gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry.

Paulson’s $700 million gold fund lost a whopping 27 percent in April, when the price of the metal plunged 17 percent over a two-week stretch, according to performance figures provided by a person familiar with the fund.

NEW YORK (Reuters) – Hedge fund billionaire John Paulson is one of the biggest losers in this year’s gold rout, with his gold fund of under $1 billion losing 27 percent in April alone, according to performance figures provided by a source familiar with the fund.

The jarring one-month decline in the Paulson gold fund, brings the year-to-date loss for the fund to about 47 percent, the person familiar with the fund said.

BOSTON/NEW YORK (Reuters) – Hedge fund titan Steven A. Cohen, whose $15 billion firm has been under fire for alleged insider trading, took an unprecedented step when he said on Thursday SAC Capital Advisors would begin clawing back compensation from employees who are found to use illegally obtained information.

The claw-back policy, which will go into effect next year, is among several initiatives Cohen is taking to bolster compliance at his hedge fund.