Cincinnati-based Talon Eight, a global wealth management firm, is currently prepping its maiden offering, a managed futures fund, to launch sometime in the second quarter. Talon Eight Fusion Fund is a diversified, quantitative fund, which invests in the currencies, interest rates, equities, energies, grains, meats, metal and soft commodities. It is designed to preserve wealth with risk control measures, and is 100% systematic.

National Futures Association (NFA) has accepted Magma Fund Advisors Ltd.'s (Magma) settlement offer to withdraw from NFA membership and to never reapply.

“Of all the ways to lose money, why did you choose the fastest one?” That was how one man reacted to his grandson’s plan of launching a managed futures hedge fund, using $15,000 from his grandfather.

London police have arrested a director of hedge fund GFX Capital Markets accused of perpetrating a L40 million Ponzi scheme.

The Newedge AlternativeEdge Short-Term Traders and CTA indices picked up where they left off last year, gaining 0.94% and 0.17%, respectively, last month after finishing 2008 in double-digits.

CME Group Monday named Barry Goldblatt as managing director for commodities, energy and metals, a newly created position for developing listed futures contracts and over-the-counter products for the Chicago-based exchange operator.

Mulvaney Capital Management didn't quite get off to the torrid start that it did last year, but the hedge fund put up a respectable 1.6% gain for January, in line with the rest of the industry.

From at least 1996, Walsh and Greenwood raised roughly $1.3 billion from investors for Westridge Capital Management, WG Trading Investors LP and other investment vehicles. They "falsely depicted" that all investors' money would be used in an index arbitrage strategy. But roughly $553 million was instead transferred to another entity from which Walsh and Greenwood siphoned funds, the CFTC's complaint alleged. More than $160 million was used for Walsh's and Greenwood's personal expenses, including purchasing rare books, horses, Steiff teddy bears for as much as $80,000 as well as a $3 million residence for Walsh's ex-wife, the CFTC said.

Managed-futures funds, which finished 2008 as one of the best-performing alternative strategies, hit a bump in January, thanks to a lack of any clear directional market trends.

CME Group is planning to offer threeyear US Treasury Note futures starting Monday March 23 2009

Man Group, the world's largest listed hedge fund manager, faces falls of up to 90% in the assets under management of its most important subsidiary, fund of hedge funds business RMF, because of its exposure to alleged fraudster Bernard Madoff, analysts at Morgan Stanley have predicted.

NEW YORK (Reuters) - Trend-following fund managers in the United States aim to reel in bigger clients after placing winning bets on falling commodity prices, but conservative pension groups like Calpers and their advisers said on Wednesday they aren't biting.