November 22, 2008
Locked-up hedge fund investors have place to go
SAN FRANCISCO (MarketWatch) -- Amid surging demand for hedge funds, many top managers have stopped accepting new money in recent years or persuaded investors to agree to longer "lock-ups."
Citigroup acquires Old Lane hedge fund, adds a key manager
NEW YORK (MarketWatch) -- Vikram Pandit's returning to the heart of Wall Street, agreeing Friday to sell his Old Lane Partners hedge fund to Citigroup Inc. for an undisclosed amount and lead the financial-services giant's alternative-investments unit.
Hedge fund manager plans to redeem $39 million in Brooke investments
Interests associated with a Dallas-based hedge fund manager have notified Brooke Corp. that they intend to redeem preferred stock and dividends in the Overland Park company worth $39 million.
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