Value Line Chief Replaced as `Most Trusted Name’ Settles $43 Million Claim Value Line Inc., billed as “the most trusted name in investment research,” replaced its leader and agreed to pay $43 million to settle U.S. claims the firm fabricated trades to generate fees from mutual funds it managed.

Rajaratnam’s SEC Hearing on Insider Trading Begins Before Judge Rakoff Galleon Management LP founder Raj Rajaratnam’s trial in the U.S. Securities and Exchange Commission’s insider trading lawsuit will begin Aug. 2, U.S. District Judge Jed Rakoff ruled.

Mathews Said to Plan Commodity Hedge Fund After 12 Years With Tudor Jones Steve Mathews, former head of commodities research and fund manager at Tudor Investment Corp., plans to start a commodity hedge fund as investor appetite for risk returns.

Morgan Stanley Wins 30 Asia-Pacific Prime Brokerage Mandates Amid Recovery Morgan Stanley, Asia-Pacific’s second-largest prime broker, picked up more than 30 new mandates to provide services including clearing trades, securities and cash lending to hedge funds in the region this year.

Berkshire’s Reduced Burlington Breakup Fee Shows Buffett Confident in Deal Berkshire Hathaway Inc., the company that agreed to buy Burlington Northern Santa Fe Corp. in its biggest takeover, accepted a lower-than-usual breakup fee in a sign Warren Buffett expects no one will top his bid.

Options Traders Bet on Dollar Gain With ETF Before Today’s Fed Statement Trading of bullish options on an exchange-traded fund tracking the dollar jumped to more than quadruple the four-week average before the Federal Reserve’s statement scheduled for later today.

Roubini’s Das Says Emerging Markets Will Extend Rally in `Trade du Jour’ Emerging markets are poised to extend their biggest rally in a decade as investors borrow dollars to buy stocks, bonds and currencies in the world’s fastest growing economies, according to Arnab Das of Roubini Global Economics.

Asian Hedge-Fund Assets Rose to $73.7 Billion in Third Quarter, HFR Says Asian hedge-fund assets increased to $73.7 billion in the third quarter, helped by the first net inflow of capital in more than a year, according to a report by Hedge Funds Research Inc.

IPOs Unravel as Aviv Follows AEI in Pulling Sales Amid Record Low Returns Aviv REIT Inc. became the second company in less than a week to postpone its U.S. initial public offering as the busiest period for new listings in two years leaves investors with the worst returns on record.

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