BOSTON/NEW YORK, April 8 (Reuters) – The daily cup of coffee
has worked wonders for hedge fund manager John Thaler’s returns
this year.

Thaler, who runs the roughly $1 billion JAT Capital
Management, pulled off a dramatic coup when his New York-based
firm outperformed much bigger and better known stock pickers to
rank as the industry’s best performer in the first quarter.

NEW YORK (Reuters) – A corporate lawyer and a trader were charged Wednesday with running a 17-year conspiracy to trade on corporate merger secrets stolen from three of the nation’s most prominent law firms, in one of the largest U.S. insider trading cases on record.

Matthew H. Kluger, who until last month was a lawyer at Wilson Sonsini Goodrich & Rosati PC, and the trader Garrett D. Bauer were accused of reaping more than $32.2 million of illicit profit by trading on tips about upcoming mergers and acquisitions.

NEW YORK (Reuters) – The richest 25 hedge fund managers made a bit less money last year. But don’t cry too hard. Collectively, this privileged class of traders did quite well for itself — raking in some $22 billion in compensation, according to AR Magazine.

Topping the charts in hedge fund pay was John Paulson, who reportedly earned $4.9 billion. Paulson’s name at the top of the “rich list” isn’t too surprising, given that his $36 billion Paulson & Co has emerged as one of the industry’s top performing funds.

NEW YORK, April 1 (Reuters) – The richest 25 hedge fund
managers made a bit less money last year.

But don’t cry too hard. Collectively, this privileged class
of traders did quite well for itself — raking in some $22
billion in compensation, according to AR Magazine.

NEW YORK, March 31 (Reuters) – Billionaire hedge fund manager
Philip Falcone’s upstart wireless telecom investment recently hired
former Pennsylvania Governor Edward Rendell as a lobbyist.

Rendell, a prominent Democratic politician and a political
commentator for the cable news channel MSNBC, registered last month
as a lobbyist for LightSquared, a Virginia-based company that is
backed by Falcone’s $6 billion Harbinger Capital Partners hedge
fund.

NEW YORK, March 31 (Reuters) – Billionaire hedge fund manager
Philip Falcone’s upstart wireless telecom investment recently hired
former Pennsylvania Governor Edward Rendell as a lobbyist.

Rendell, a prominent Democratic politician and a political
commentator for the cable news channel MSNBC, registered last month
as a lobbyist for LightSquared, a Virginia-based company that is
backed by Falcone’s $6 billion Harbinger Capital Partners hedge
fund.

NEW YORK, March 30 (Reuters) – FISAM Capital, a
tech-focused hedge fund founded by a former top trader with SAC
Capital Advisors, closed its doors a few weeks ago after a
large investor redeemed its money, said three people familiar
with the situation.

Stefan Frank, a former portfolio manager with Steven
Cohen’s SAC Capital Advisors, founded FISAM in November 2009.
The fund managed a little under $100 million, and after Frank
received the redemption request he found it difficult to keep
trading, these sources said.

NEW YORK, March 21 (Reuters) – Billionaire trader Philip
Falcone recently rid himself of a headache when he paid off the
balance of a controversial $113 million loan he had taken from
his hedge fund, public records reveal.

On March 11, lawyers for Falcone’s Harbinger Capital
Partners filed a formal “termination” notice for the loan with
the New York State Department of Corporations.

NEW YORK (Reuters) – It was the summer of 2006 and hedge fund manager Daniel Loeb was having difficulty containing his very harsh feelings towards Fairfax Financial, the Canadian insurance giant, and its CEO, Prem Watsa.

Loeb’s New York-based fund, Third Point LLC, had placed a big bet that the shares and bonds of Fairfax and its subsidiaries would tumble. He was looking forward to cashing in his hedge fund’s chips, if and when some bad news rocked Fairfax. And he shared that enthusiasm with another hedge fund manager, in a fairly graphic email message that recently surfaced in a five-year-old civil lawsuit filed by Fairfax against Loeb and other prominent hedge fund managers.

NEW YORK (Reuters) – It was the summer of 2006 and hedge fund manager Daniel Loeb was having difficulty containing his very harsh feelings toward Fairfax Financial, the Canadian insurance giant, and its CEO, Prem Watsa.

Loeb’s New York-based fund, Third Point LLC, had placed a big bet that the shares and bonds of Fairfax and its subsidiaries would tumble. He was looking forward to cashing in his hedge fund’s chips, if and when some bad news rocked Fairfax. And he shared that enthusiasm with another hedge fund manager, in a fairly graphic email message that recently surfaced in a five-year-old civil lawsuit filed by Fairfax against Loeb and other prominent hedge fund managers.