The February 2013 issue of Bloomberg Markets magazine contains our annual rankings of the world's richest hedge funds. The following 100 comprise our list of best-performing hedge funds managing $1 billion or more. Our rankings are based on data compiled by Bloomberg specialist Anibal Arrascue and information supplied by hedge-fund research firms, hedge funds and investors. Assets and returns are for the 10 months ended on Oct. 31, 2012. Click here for a PDF and here for the accompanying story.
An Arizona voter-approved law that decriminalizes the possession and sale of marijuana for medical uses isn’t pre-empted by the federal Controlled Substances Act and therefore isn’t unconstitutional, a state judge said.
Joule Assets Inc., a provider of financing for power-reduction projects, created a $100 million fund for institutional investors to back projects that generate revenue by reducing electricity consumption.
New Zealand’s economy expanded more than forecast in the second quarter from a year earlier as increased construction activity offset the drag from the worst drought in 30 years, sending the nation’s currency higher.