Paulson sees 50 pct chance euro zone will break up

John Paulson, founder of Paulson & Co., reportedly sounded a bearish tone on the viability of the European Monetary Union on the latest investor call. (view story)

Paulson tries to bounce back

After watching assets decline nearly 50% over the cousre of the last year-and-a-half, Paulson & Co. appears to be stabilizing on the strength of a sticky capital base of employee investments. (view story)

Hedge Fund Places Faith in Euro Zone

Avenue Capital Management has raised $3 billion to launch a fund that will invest in distressed European credits. (view story)

Brevan Howard Starts U.S. Investment Firm With $300 Million

Brevan Howard Asset Management LLP, Europe’s second-largest hedge fund, has opened a U.S. investment firm that will start trading in August with an estimated $300 million. (view story)

GLG Forms Asia Equities Team Co-led by Ex-GIC Manager

GLG  Partners has tapped a senior executive from Singapore’s sovereign wealth fund to lead a long-short Asian equities effort. (view story)

Paulson Funds Fell In June As Rally Undercut Euro Wager

Bearish bets on the Eurozone appear to have stung Paulson & Co.’s June performance. (view story)

Plainfield Exonerated Following SEC Investigation

Plainfield Asset Management received a letter from the SEC indicating it would be taking no action against the long embattled firm following a lengthy investigation. (view story)

SEC Names Two HF Execs To New Committee

The SEC has appointed executives from DE Shaw and Pershing Square Capital to a 21-member advisory committee. (view story)

Elliott Drops U.K. Lawsuit Against Vietnam’s Vinashin Shipping

Elliott Advisers has reportedly informed Vietnam Shipbuilding Industry Group  that it is discontinuing its lawsuit against the Vietnamese shipbuilder. (view story)

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