Activist hedge fund The Children’s Investment Fund has taken a large stake in Visa and increased its holding in MasterCard, taking its combined exposure to the credit card companies to about a fifth of its fund.
On the same day Lawrence Summers was announced as President-elect Barack Obama's top White House economics adviser, the veteran economist said he would resign as the part-time managing director of one of the nation's largest and most successful hedge funds, D.E. Shaw & Co.
SAN DIEGO----The Mentor Capital, Inc. lead hedge fund has had no redemptions during the financial crises and continues its long-term record of outperforming the S&P 500 by approximately 15%.
For the overwhelming majority of investors in hedge funds -- and fund-of-funds managers, and hedge-fund consultants, for that matter -- it's really hard to get a solid grasp of any given fund's risk management procedures.
Canada’s hedge fund industry gathered earlier this month to raise $150,000 in support of Hedge Funds Care Canada (HFCC), the country’s only philanthropy dedicated exclusively to the treatment and prevention of child abuse and neglect.
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