Three directors at Paulson Europe, the London-based arm of one of the world's best known hedge funds, have scooped a near £12m payday.
Madrid-based hedge fund Vega Asset Management has threatened to take legal action against officials negotiating Greece's debt restructuring if its bond losses turn out to be too deep.
Hugh Hendry's Eclectica Asset Management has reported a 41% upswing in operating profits over its last financial year.
The hedge fund industry is in line to post its second worst year since 1990, with returns only lower during 2008, according to data from Hedge Fund Research.
Hedge fund billionaire Raj Rajaratnam has began serving his eleven year term for insider trading after he was found guilty in October of exchanging illegal stock tips.
Eclectica's hedge fund star Hugh Hendry has been using put options on the so-called 'fear index' to play market volatility.
The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers.
John Paulson, the billionaire hedge fund manager, cut his holdings in a gold ETF during the third quarter.
Millionaires favour hedge fund manager Paul Singer, CEO of Elliott Management, as the manager they trust most with their cash, according to an investment club survey.