Wall Street and hedge fund “super investment managers” are descending on Baghdad seeking the next up and coming frontier for investors. Northern Growth Partners, a New York based hedge fund will be opening a new IRAQ fund to investors in three weeks.

Don't talk of recession to hedge fund managers. Despite the economic downturn, there are plenty of millionaires, and billionaires, on the latest ranking of the top 25, according to Alpha Magazine.

Ospraie Management, a US hedge fund specializing in commodities investments is closing its doors after punting 38.6% of investors' capital year-to-date. It seems investors want their money back and the fund has opted to suspend redemptions and conduct an orderly liquidation. How is this hedge fund's performance related to Lehman Brothers?

Ospraie Management LP sent a letter to its investors on Tuesday, informing them that the hedge fund company would be shutting down the popular Ospriae Fund. The reason? A 38.59% decline so far this year.

Carlyle-Blue Wave Partners Management, LP (CBW) today announced that it has voluntarily decided to end its multi-strategy investment program and to begin liquidating positions in an orderly manner in anticipation of an eventual closing of the Carlyle Multi-Strategy Partners (CMSP) funds.

I haven't talked about my investments in a while. Partly because I have no real investments, but also because I am doing so bad it's not worth embarrassing myself by talking about it. Look at what is happening in the hedge fund industry after the bad news of Bear Stearns and JP Morgan bail out.

Pershing Square Capital Management's founder Bill Ackman told regulators in a letter today that the two biggest U.S. bond insurers face combined losses of over $23 billion from bonds they've insured, and should be forced to stop paying dividends.

In an old-fashioned pyramid scheme, the alluring premise is that you'll get back far more than you invest, a exponential return. The reason it is a "scheme" rather than a sustainable business model is that it is impossible for everyone who joins the pyramid to achieve the same returns.

Sentinel Management Group has asked permission from the CFTC to halt money market redemptions.

Hedge Fund Trades Details 'Fab Five' Stock Trades from First Half of 2007

Bear Stearns Cos. said Jeffrey B. Lane, a Wall Street veteran and vice chairman of Lehman Brothers Holdings Inc., is taking over Bear Stearns' asset-management unit amid the recent meltdown of two prominent hedge funds, The Wall Street Journal reported Friday.

A federal court froze the assets of Lake Shore Asset Management, a hedge fund firm run by a former chairman of the Chicago Mercantile Exchange, after regulators said it overstated its holdings, Bloomberg News reported Friday.