This week's highlights on hedge funds (May 24-30, 2010)

Here are some of the hottest headlines about the hedge fund industry of the week. Funds that I am focusing on are in Italics.



1 David Einhorn's Greenlight Capital raises $130 million for Gold Hedge Funds as Jon Paulson did at the start of 2010. (hedgetracker.com) It looks like they are not confident about the economy recovery and European Commission's effort in saving its members.

2 Pequot and Its Chief Settle Insider Complaint (Dealbook)

3 Hedge funds, such as Soros Fund Management and SAC Capital, are betting against the Euro. The financial pros believe the situation in Europe is going to deteriorate under the gloom of the PIGS's debt problem. Recently, rating agency Filtch downgraded the ratings of Spain's credit rating.

4 Greenlight Capital Fund Manager Einhorn Now Top Holder At NCR (WSJ)

5 Carried-Interest Tax Hike Delayed Until 2011 (FINalternatives)