SRM sues WSJ

Financial Times carries this little note on one hedge fund.

SRM Global, the hedge fund run by the former star UBS trader Jon Wood, is suing The Wall Street Journal for publishing allegedly confidential information about its performance, setting up a high-stakes battle over the industry’s transparency.

SRM claims the newspaper acted in “flagrant disregard” of its rights by publishing in August that the fund was down about 85 per cent since its inception in 2006.