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.
Exelixis Inc. ’s experimental pill reduced malignant growths in the bones of 86 percent of men with prostate cancer and cut the spread of tumor cells in one-fourth of women with ovarian cancer in a company study.