Hedge Fund Zone

US hedge fund managers defend industry before Congress

Yahoo! News - Search Results for "hedge fund" — Fri, 21 Nov 2008 21:34:10 +0000

America's top hedge fund managers staunchly defended the conduct of their secretive, high-risk industry today and warned congressional lawmakers that knee-jerk regulation could push financial jobs across the Atlantic to London. In a rare day of public scrutiny, the billionaire bosses of five leading hedge funds appeared before the House oversight committee to answer charges that their

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Barclays Said to Eliminate 30% of U.S. Hedge-Fund Service Jobs

Yahoo! News - Search Results for "hedge fund" — Fri, 21 Nov 2008 16:55:54 +0000

Nov. 21 (Bloomberg) -- Barclays Plc eliminated about 100 positions in its capital markets prime services unit in New York, or 30 percent of the staff, as the hedge-fund industry contracts, a person familiar with the matter said today.

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Epicor drops after hedge fund ends hostile bid

Yahoo! News - Search Results for "hedge fund" — Fri, 21 Nov 2008 14:50:58 +0000

Epicor Software Corp. shares sank Friday after hedge fund Elliott Associates LP terminated its hostile bid to buy the business-software company's outstanding shares for $7.50 per share.

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Hedge Fund Launches Proxy Fight To Oust Sun-Times Media Group Board, CEO

Yahoo! News - Search Results for "hedge fund" — Fri, 21 Nov 2008 12:03:24 +0000

CHICAGO Hedge fund Davidson Kempner Capital Management brushed aside the olive branch offered by Sun-Times Media Group's chairman -- and late Thursday launched a proxy fight to oust the board and its CEO.

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Epicor dn 19 pct after hedge fund ends hostile bid

Yahoo! News - Search Results for "hedge fund" — Fri, 21 Nov 2008 10:29:56 +0000

Epicor Software Corp. shares fell Friday after hedge fund Elliott Associates LP terminated its hostile bid to buy the business-software company's outstanding shares for $7.50 per share.

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Blackstone To Launch Asia-focused Hedge Fund In 2009: Report

Yahoo! News - Search Results for "hedge fund" — Fri, 21 Nov 2008 04:26:18 +0000

Blackstone To Launch Asia-focused Hedge Fund In 2009: Report

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Paulson calls for hedge fund manager oversight

Yahoo! News - Search Results for "hedge fund" — Thu, 20 Nov 2008 15:27:39 +0000

WASHINGTON (MarketWatch)--Treasury Secretary Henry Paulson on Thursday said he wants to see more hedge fund regulation as part of his proposal for creation of a new systemic risk regulator.

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Hedge fund investors pull out record $40bn

Yahoo! News - Search Results for "hedge fund" — Thu, 20 Nov 2008 13:41:05 +0000

Hedge fund investors pulled a record $40bn out of the industry in October as poor performance prompted a flight to cash, according to data on Thursday.

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Hedge Fund Assets Shrank 9% as Investors Withdrew $40 Billion

Yahoo! News - Search Results for "hedge fund" — Thu, 20 Nov 2008 09:58:15 +0000

Nov. 20 (Bloomberg) -- Hedge funds worldwide shrank by 9 percent to $1.56 trillion last month, the lowest level in two years, after investors withdrew cash and stock markets declined.

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Hedge fund fighters deal with market pounding in the boxing ring

Yahoo! News - Search Results for "hedge fund" — Wed, 19 Nov 2008 23:37:34 +0000

Hedge Fund industry workers take part in the annual Hedge Fund Fight Night in Hong Kong, on October 30. The fights were as ferocious as the swings on the market, with two knockouts and several highly-paid financiers thumping against the canvas.

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Top Hedge Fund’s Highest Yielders

Yahoo! News - Search Results for "hedge fund" — Wed, 19 Nov 2008 08:24:22 +0000

These high-yiedling stocks are owned by No. 1 hedge fund Renaissance Technologies.

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Citigroup to Liquidate Hedge Fund, Report Says

Yahoo! News - Search Results for "hedge fund" — Wed, 19 Nov 2008 06:22:35 +0000

Citigroup is liquidating its Corporate Special Opportunities hedge fund after it lost 53 percent of its value last month, The Financial Times reported.

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NYMAGIC, INC. Updates Results of Hedge Fund Investments

Yahoo! News - Search Results for "hedge fund" — Tue, 18 Nov 2008 16:43:00 +0000

NYMAGIC, INC. NYMAGIC announces results of hedge fund investments for October, 2008.

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A collapsed hedge fund’s overlooked wind wager

Yahoo! News - Search Results for "hedge fund" — Tue, 18 Nov 2008 13:24:56 +0000

Tontine Associates, the once gilt-edged hedge fund that collapsed rapidly over the past two months in the wake of the market's carnage, was renowned for its massive and highly contrarian bets in industries like home-building and steel manufacturing.

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S&P Downgrades Citadel’s Main Hedge Fund After Losses

Yahoo! News - Search Results for "hedge fund" — Tue, 18 Nov 2008 09:56:58 +0000

S&P Downgrades Citadel's Main Hedge Fund After Losses

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John Paulson, one of five prominent US hedge fund managers grilled by Congress last week, made a £6.3m

Yahoo! News - Search Results for "hedge fund" — Tue, 18 Nov 2008 05:49:59 +0000

John Paulson, one of five prominent US hedge fund managers grilled by Congress last week, made a £6.3m (€7.5m) paper profit on his short stake in Barclays in just two hours this morning as the bank's share price fell 4% by 10:30 GMT.

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Hedge fund exec seeks additions to vast estate

Yahoo! News - Search Results for "hedge fund" — Tue, 18 Nov 2008 01:51:38 +0000

GREENWICH - Hedge fund manager Steven Cohen is no stranger to the Planning and Zoning Commission. The panel has approved many additions to his Crown Lane estate since he bought it in 1998 for $14 million. The founder of SAC Capital in Stamford is back before the commission.

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BNP Paribas Wins Prime Brokerage Business With Hedge Fund CQS

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 21:13:22 +0000

Nov. 18 (Bloomberg) -- BNP Paribas SA , France's biggest bank, won prime brokerage business in Asia with hedge fund CQS (U.K.) LLP as it seeks to lure clients in the region from rivals.

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Triple A seeds new hedge fund by Hong Kong’s EIP

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 20:35:15 +0000

HONG KONG, Nov 18 (Reuters) - Triple A Partners, an alternative fund firm specialising in seeding new managers, said on Tuesday it would invest an initial $20 million in a new hedge fund launched by Hong Kong's Enhanced Investment Products Ltd.

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London Hedge Fund Alley Rents Drop for First Time Since 2005

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 18:55:05 +0000

Nov. 18 (Bloomberg) -- Office rents in Mayfair and St. James’s, the London districts with Europe’s biggest concentration of hedge funds, are falling for the first time since 2005 as the alternative investment industry has its worst year in two decades.

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Paulson hedge fund buys into mortgage securities

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 17:44:16 +0000

John Paulson, the hedge fund manager who was called before Congress last week to discuss the big profits he made by foreseeing the collapse of the subprime mortgage market, has started to buy securities backed by residential mortgages.

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Hedge Fund Cuts Back on Mirant

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 16:13:22 +0000

A MAJOR HEDGE-FUND OPERATOR that had recently received regulatory permission to raise its stake in electricity-producer Mirant decided instead to cut back strongly last week. Harbinger Capital Partners sold 4.7 million Mirant shares on Wednesday for $79 million, or $17.02 per share.

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Credit Suisse/Tremont Hedge Fund Index Confirms October Performance Down 6.30%

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 10:10:00 +0000

NEW YORK----Final Performance for the Credit Suisse/Tremont Hedge Fund Index is down 6.30% in October, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.

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With Hedge Fund Replication Going Mainstream, This Book Provides Clear Guidance on the Topic to Maximise Returns

Yahoo! News - Search Results for "hedge fund" — Mon, 17 Nov 2008 09:30:00 +0000

DUBLIN, Ireland----Research and Markets has announced the addition of John Wiley and Sons Ltd's new report "Alternative Beta Strategies and Hedge Fund Replication" to their offering.

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Man Group, the hedge fund manager whose share price has fallen by 60% this year, is planning to double the size of its …

Yahoo! News - Search Results for "hedge fund" — Sun, 16 Nov 2008 23:22:09 +0000

Man Group, the hedge fund manager whose share price has fallen by 60% this year, is planning to double the size of its flagship AHL fund despite analyst concerns it is too reliant on the computer-driven product.

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PXP Viet Nam plans new hedge fund

Yahoo! News - Search Results for "hedge fund" — Sun, 16 Nov 2008 22:17:00 +0000

VietNamNet Bridge – PXP Viet Nam Asset Management plans to start a hedge fund on the Vietnamese stock exchange early next year, said PXP co-founder Kevin Snowball at a press briefing marking the launch of the company's third investment fund last week.

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Inside Track: Hedge fund group cancels winter event

Yahoo! News - Search Results for "hedge fund" — Sun, 16 Nov 2008 22:15:35 +0000

The local hedge fund industry has canceled its Winter Ball, scheduled for the Minneapolis Club in December, "due to volatility within the hedge fund industry."

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It was only a two-page letter from an asset manager to its clients, but UK hedge fund manager Toscafundâ€™s October …

Yahoo! News - Search Results for "hedge fund" — Sun, 16 Nov 2008 19:20:19 +0000

It was only a two-page letter from an asset manager to its clients, but UK hedge fund manager Toscafundâ€™s October report to investors, obtained by Financial News last week, opened a window on some of the worst aspects of the market conditions.

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Asia hedge fund assets shrink in Q3-tracking firm

Yahoo! News - Search Results for "hedge fund" — Fri, 14 Nov 2008 12:29:15 +0000

BOSTON, Nov 14 (Reuters) - Hedge funds that focus on Asia saw assets shrink by 13 percent in the third quarter as investors pulled out money after heavy fund losses, according to new data from Hedge Fund Research.

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Shares in hedge fund RAB Capital jump on cost savings, stronger-than-expected balance sheet

Yahoo! News - Search Results for "hedge fund" — Fri, 14 Nov 2008 06:30:35 +0000

LONDON - Shares of RAB Capital PLC surged 29 percent Friday morning after the hedge fund announced it would save money by closing a number of troubled funds and revealed its balance sheet was stronger than analysts had expected.

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Bank bailout a `sweet deal’: Hedge fund managers

Yahoo! News - Search Results for "hedge fund" — Fri, 14 Nov 2008 03:33:47 +0000

WASHINGTON–Hedge fund managers, who rank among some of the world's shrewdest deal makers, told Congress the U.S. government's bank capital injection program did not have enough strings attached.

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Hedge fund gurus say some oversight needed

Yahoo! News - Search Results for "hedge fund" — Fri, 14 Nov 2008 01:39:51 +0000

Five prominent hedge fund managers on Thursday told Congress they support a new central exchange to open the murky world of some complex investments partly blamed for the global financial crisis.

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Hedge fund execs’ views on oversight vary

Yahoo! News - Search Results for "hedge fund" — Fri, 14 Nov 2008 00:01:28 +0000

Five prominent hedge fund managers on Thursday told Congress they support a new central exchange to open the murky world of some complex investments partly blamed for the global financial crisis, but the billionaires offered differing views on the need for

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Fortress Hedge-Fund Investors Ask to Pull 25% of Cash

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 11:55:07 +0000

Nov. 13 (Bloomberg) -- Fortress Investment Group LLC 's hedge-fund clients have asked to pull more than $4.5 billion, or 25 percent of their money, over the next few months as the company reported its first quarterly loss since going public.

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Live Blogging the Hedge Fund Hearing

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 11:51:59 +0000

Five of the nation’s most highly paid hedge fund managers testified before a House committee on Thursday, as lawmakers turned their attention to what role hedge funds may have played in the recent financial crisis and whether these private investment pools may need stricter regulation.

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Hedge fund boss backs regulation

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 10:54:55 +0000

A US hedge fund leader tells Congress he would be happy to see his industry become more transparent.

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Soros, Falcone Defend Hedge-Fund Industry Before House Panel

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 09:55:07 +0000

Nov. 13 (Bloomberg) -- Hedge-fund managers defended their practices and profits in testimony to a congressional committee while splitting over whether more industry regulation is needed.

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Congress scrutinizes hedge fund industry

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 09:55:06 +0000

A congressional committee scrutinized risks in the hedge fund industry on Thursday to determine whether further regulation is needed.

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Hedge fund execs advocate new public exchanges

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 09:54:32 +0000

Several prominent hedge fund managers told Congress Thursday they support a new central exchange to open the murky world of credit default swaps, complex investments partly blamed for the global financial crisis.

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Hedge-Fund Assets Shrink by $100 Billion Last Month

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 09:47:33 +0000

(Corrects to remove reference to Man Group redemptions in first paragraph, adds breakdown for asset drop in sixth.) Nov. 13 (Bloomberg) -- The global hedge-fund industry lost $100 billion of assets in October, according to an estimate from Eurekahedge Pte , as firms including Sparx Group Co. were hammered by investor withdrawals.

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Former Dotcom Star’s Hedge Fund Revisits Roots with New Holdings

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 08:55:00 +0000

A former dot-com star returned to his old stomping ground in Q3, and the move may have set his hedge fund back.

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Hedge fund billionaires to come into the ligh

Yahoo! News - Search Results for "hedge fund" — Thu, 13 Nov 2008 01:39:02 +0000

AccountancyAge.com, Accountancy Age , Thursday 13 November 2008 at 07:06:00 Hedge fund billionaires, accused of wrecking the economy, will come into light int front of Congress committee Five hedge fund billionaires with a combined wealth of $29bn (£19bn) will be called to account tomorrow on the activities of their secretive, high-risk and barely regulated industry at a

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Gardens hedge fund claims it was taken in by scam

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 22:41:51 +0000

A Palm Beach Gardens-based hedge fund says it invested more than a billion dollars in a now-bankrupt company that federal prosecutors allege was part of a $3 billion fraud scheme that bilked more than 20 investment groups.

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Blue Mountain Investors Keep 80% of Assets in Credit Hedge Fund

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 16:06:44 +0000

Nov. 12 (Bloomberg) -- Blue Mountain Capital Management LLC said clients holding 80 percent of its $3.1 billion credit hedge fund chose to keep their money in place while the firm waits for financial markets to improve.

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Hedge-Fund Billionaires to Testify at Waxman Hearing on Crisis

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 12:51:01 +0000

Nov. 12 (Bloomberg) -- U.S. Representative Henry Waxman plans to question the world's richest hedge-fund managers tomorrow about their role in the global markets selloff and whether their industry is a risk to the financial system.

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Schulman, hedge fund compromise on board seat

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 10:29:09 +0000

Fairlawn plastics company A. Schulman Inc. has agreed to compromise on a board position to avoid another proxy fight with dissident hedge fund Ramius Capital Group. A selection committee including a Ramius-backed board member will help fill the seat of

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Hedge Fund Industry Contracted in Q3, Losses Continued in October

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 08:22:00 +0000

NEW YORK----HedgeFund.net released its Q3 2008 hedge fund asset flow estimates and preliminary October hedge fund performance estimates. HFN estimates total assets in single manager funds fell 16% in Q3 2008 to $2.497 trillion.

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Hedge Fund Executives to Testify Before Congress

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 05:52:05 +0000

Congress, it seems, wants to hear from some of the hedge fund industry’s top earners and best known names about the risks their firms pose to the broader economy.

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Asset values tumble at Tosca hedge fund

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 05:50:19 +0000

Toscafund Asset Management has blamed opportunistic rivals for the falling valuation of assets in its flagship hedge fund, which has returned -66% so far this year, and said its rivals would be “delighted” if it was forced to liquidate the fund on the back of the kind of heavy redemption requests that are ravaging the wider hedge fund industry.

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(AFX UK Focus) 2008-11-12 05:59 Billion-dollar hedge fund managers face hearing- FT

Yahoo! News - Search Results for "hedge fund" — Wed, 12 Nov 2008 00:23:34 +0000

Nov 12 (Reuters) - Hedge fund managers who earned more than $1 billion last year, including George Soros and Philip Falcone, are being summoned to Capitol Hill on Thursday to testify under oath about potential risks their firms pose to the broader economy, the Financial Times said. The hearing before the House oversight committee will be headed by Democrat Henry Waxman, the paper said. Soros and

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Sweden’s Brummer Ventures to Bangladesh, Plans Asia Hedge Fund

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 21:13:52 +0000

Nov. 12 (Bloomberg) -- Brummer & Partners, Sweden's largest hedge-fund manager, is venturing into Bangladesh and plans to start its first Asia-focused portfolio as it expects the region to ride out the global financial crisis.

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Meltdown sets back hedge fund master

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 20:06:54 +0000

Math whiz Ravi Sood has ridden the highs and lows of the wild world of hedge funds. The president of Lawrence Asset Management Inc. made a name for himself running the firm's flagship hedge fund with stellar returns such as his 75-per-cent gain in 2007.

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Billion-dollar hedge fund stars face grilling

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 14:29:58 +0000

Hedge fund managers who earned more than $1bn last year, including George Soros and Philip Falcone, are being summoned to Capitol Hill on Thursday to testify under oath about the potential risks their firms pose to the broader economy.

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Lawrence hedge fund suspends redemptions

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 11:54:37 +0000

Lawrence Asset Management Inc. has temporarily halted redemption orders in its flagship hedge fund after it plunged 65 per cent for the first 10 months of this year.

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Hedge fund buys Edeus

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 10:59:03 +0000

A hedge fund that made billions hedging against the US sub prime mortgage crash has bought Edeus.

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Diversified Mortgage Workout Agrees to Acquire a Minority Position in Specialty Hedge Fund

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 07:54:00 +0000

Diversified Mortgage Workout Corporation announced that it has agreed to acquire a minority stake in a off shore hedge fund specializing in distressed mortgages, deep discounted/distressed mortgage bonds and distressed real estate properties.

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Hedge Fund Owner Is Sued by Former Compliance Officer

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 07:06:55 +0000

The head of a New York hedge fund has been dragged into a court battle for the firing of his firm’s chief compliance officer for raising questions about trading activity, The New York Post reported.

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Hedge fund star: Fears are overblown

Yahoo! News - Search Results for "hedge fund" — Tue, 11 Nov 2008 05:39:58 +0000

Bear in mind two caveats as you peruse these comments. First, I run a hedge fund, so I am hardly an unbiased observer. Second, nobody, and I mean nobody, really knows what hedge fund liquidity is or what redemptions are or will be.

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GM Should File for Bankruptcy, Hedge Fund Manager Ackman Says

Yahoo! News - Search Results for "hedge fund" — Mon, 10 Nov 2008 23:25:52 +0000

Nov. 11 (Bloomberg) -- General Motors Corp. , the biggest U.S. automaker, should file for bankruptcy rather than taking money from the government, hedge fund manager Bill Ackman said.

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Lehman insolvency bites Augustus hedge fund

Yahoo! News - Search Results for "hedge fund" — Mon, 10 Nov 2008 23:21:13 +0000

Augustus Asset Managers has become the second hedge fund manager in a week that has been forced to react to problems caused by the collapse of Lehman Brothers, after delaying investors from exiting or buying into an emerging market portfolio until it segregates assets frozen by the bankruptcy of the US bank.

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£1.7bn wiped off hedge fund Man Group

Yahoo! News - Search Results for "hedge fund" — Mon, 10 Nov 2008 07:35:06 +0000

More than £1.7bn was wiped off the market value of hedge fund Man Group today after it reported a sharp fall in first-half profits. The chief executive, Peter Clarke, blamed the 25% fall in profits on the "most extraordinary markets any of us have ever seen" but analysts are worried more investors will pull their cash out of the world's biggest hedge fund as a result of the turmoil.

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APAC Greater China hedge fund shut down -manager

Yahoo! News - Search Results for "hedge fund" — Mon, 10 Nov 2008 03:22:07 +0000

HONG KONG/SINGAPORE, Nov 10 (Reuters) - The APAC Greater China Fund, a Hong Kong-based hedge fund which at its peak managed $55 million, is being shut down after losing almost 16 percent this year, its manager said on Monday.

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The closure of a Russian hedge fund run by Florin Investment Management has led to fears many more could go under as …

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 23:22:33 +0000

The closure of a Russian hedge fund run by Florin Investment Management has led to fears many more could go under as investors flee emerging markets.

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Hedge fund winners in a year of turmoil

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 23:21:00 +0000

Big may not always be better, but for investors in 18 of the world’s largest hedge fund managers whose flagship funds have made money this year, it has proved safer. True, some of the gains by the largest managers have been meagre – Cerberus International and Millennium International Fund made just 0.1% to September 30 – and those losing money far outnumber those making it.

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The decline in the hedge fund industry will wipe out tens of billions of dollars in fees they pay to investment banks …

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 23:20:00 +0000

The decline in the hedge fund industry will wipe out tens of billions of dollars in fees they pay to investment banks next year, forcing banks to make further staff cuts and shift their focus to less lucrative customers.

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PXP Vietnam to Start Hedge Fund, Bets on Stock Market Recovery

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 22:36:00 +0000

The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said today. PXP, the initials of Phan Xi Pang, Vietnam's highest mountain, is betting that the stock market will recover as inflation eases and the nation's trade deficit widens at a slower pace.

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Crisis? What crisis? Some hedge funds are gaining

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 19:41:14 +0000

Bernard Drury is a rarity on Wall Street: a hedge fund manager whose fund is earning big money.

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What Crisis? Some Hedge Funds Are Gaining

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 19:19:27 +0000

Bernard V. Drury is a rarity on Wall Street: a hedge fund manager whose fund is up 60 percent since Jan. 1.

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HEDGE FUND CHIEF SHORT AND $WEET

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 04:13:28 +0000

Renowned short seller Jim Chanos is emerging as a potential front-runner for this year's prize for top hedge-fund performer. According to performance data obtained by The Post, Chanos' short-only fund, Ursus, is up 53.2 percent through the end of

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Top hedge fund managers ‘funereal’ in midst of financial crisis

Yahoo! News - Search Results for "hedge fund" — Sun, 09 Nov 2008 04:01:15 +0000

Top hedge fund managers 'funereal' in midst of financial crisis

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NewsWatch: Top hedge fund managers ‘funereal’ in midst of financial crisis

Yahoo! News - Search Results for "hedge fund" — Sat, 08 Nov 2008 11:12:29 +0000

In the midst of the worst financial crisis since the Great Depression, several top hedge fund managers sent a grim message to their investors in October: it isn't over.

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Twilight of London’s hedge fund gods?

Yahoo! News - Search Results for "hedge fund" — Fri, 07 Nov 2008 07:35:08 +0000

In Richard Wagner’s opera Twilight of the Gods, the gods watch in sorrow as the fortress their leader has constructed and praised as eternal is consumed by flames. Hedge fund managers must know how they felt.

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CORRECTED: Hedge fund results seen going from bad to worse

Yahoo! News - Search Results for "hedge fund" — Fri, 07 Nov 2008 07:13:41 +0000

As brutal as September was for hedge funds, October was even worse.

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Hedge Fund Exit Strategies

Yahoo! News - Search Results for "hedge fund" — Fri, 07 Nov 2008 05:06:43 +0000

Investors need to know their options for getting their money back, especially when the market swoons.

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Hedge fund results seen going from bad to worse

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 20:01:57 +0000

NEW YORK (Reuters) - As brutal as September was for hedge funds, October was even worse.

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Henry Blodget: The Hedge Fund Business, Explained

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 19:31:49 +0000

It's no secret that hedge fund managers are a super-smart lot. How do we know that? Because they went into the hedge fund business! After

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Farallon Drops 24% as Hedge Fund Losses Grow

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 15:51:55 +0000

News continues to trickle out about giant losses at some of the nation’s biggest hedge funds. The latest report comes from Farallon Capital Management — once ranked as the fifth largest hedge fund in the United States.

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Peter Thiel’s Hedge Fund Enters Negative Territory In October

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 09:23:36 +0000

Nearly every investor is hurting right now—even PayPal co-founder Peter Thiel, who manages the $5.2 billion Clarium Capital Management hedge fund. The fund has had a good record over the years, with a 27 percent annual return since it started in 2000. And up until June, Thiel managed to produce a 58 percent return for the year. But in the second half of the year, his bets turned sour, and in

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Citigroup Didn’t Cheat Hedge Fund on Credit Swap, Judge Rules

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 08:44:29 +0000

Nov. 6 (Bloomberg) -- Citigroup Inc. , the second-biggest U.S. bank by assets, didn't force a hedge fund to make more in margin payments than necessary on a credit-default swap, a federal judge ruled.

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Man’s shares plunge on hedge fund outflow fears

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 04:49:00 +0000

Shares in Man Group , the world's largest listed hedge fund group, fell more than 27 percent on Thursday on fears of further client redemptions, while other asset managers also reported gloomy results.

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06-11-2008:- BlueCrest hedge fund sues consultants in kickback claim

Yahoo! News - Search Results for "hedge fund" — Thu, 06 Nov 2008 00:49:22 +0000

LONDON: BlueCrest Capital Management Ltd, a London hedge fund that oversees more than US$11 billion (RM38.72 billion), is suing three former advisers in a dispute over alleged kickbacks on contracts for power-generation barges.

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Thiel’s Clarium Hedge Fund Declines 18% in October

Yahoo! News - Search Results for "hedge fund" — Wed, 05 Nov 2008 15:34:00 +0000

Nov. 5 (Bloomberg) -- Clarium Capital Management LLC, the hedge-fund firm run by PayPal co-founder Peter Thiel , slumped 18 percent in October, its biggest monthly decline, because of losses on bonds.

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Obama in Hedge-Fund-Land

Yahoo! News - Search Results for "hedge fund" — Wed, 05 Nov 2008 12:51:55 +0000

The state of Connecticut went for Barack Obama in Tuesday’s election, as did Fairfield county, which is home to Greenwich — a major hub of the hedge fund industry — as well as many hedge fund managers and Wall Street executives.

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Epicor Software board votes a second time to reject takeover by hedge fund Elliott Associates

Yahoo! News - Search Results for "hedge fund" — Wed, 05 Nov 2008 09:38:26 +0000

IRVINE, Calif (AP) - The board of Epicor Software Corp. once again voted unanimously to recommend its shareholders reject a hostile takeover bid by New York hedge fund Elliott Associates LP.

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GLG’s star hedge fund manager joins rival

Yahoo! News - Search Results for "hedge fund" — Wed, 05 Nov 2008 00:15:38 +0000

A star hedge fund manager, who is thought to have earned $300m (£186m) last year, has joined his former employer's closest rival. Greg Coffey, a 37-year-old Australian, reportedly outstripped the highest-paid chief executive in the FTSE 100 in 2007 by earning seven times more than Sir Martin Sorrell, the head of advertising group WPP. He left the GLG hedge fund last month, forgoing a $250m

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Hedge-fund industry deserves pain

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 23:02:44 +0000

Dear Mr. Berko: There's big trouble in the $3 trillion hedge-fund industry. Many have lost massive amounts of money because the market has gone against them and thousands of hedge fund employees are losing their jobs.

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PMA says Harvester hedge fund up 4.83 pct in Oct

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 21:45:12 +0000

HONG KONG, Nov 5 (Reuters) - Hedge fund manager PMA said on Wednesday its flagship macro vehicle focusing on foreign exchange and interest rate markets returned 4.83 percent in October, even as the global financial crisis ravaged many of its peers.

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Autonomy Capital Halts Withdrawals From $1.2 Billion Hedge Fund

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 15:49:32 +0000

Nov. 4 (Bloomberg) -- Autonomy Capital Research LLP, a $1.7 billion hedge-fund firm run by former Lehman Brothers Holdings Inc. trader Robert Gibbins , halted withdrawals from its flagship fund after losses this year.

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Goldman’s Equity Hedge Fund Slumped 15.6% Through September

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 12:04:03 +0000

Nov. 4 (Bloomberg) -- A Goldman Sachs Group Inc . equity hedge fund, the industry's biggest startup when it opened in January with $7 billion in assets, lost 15.6 percent through September as stock markets tumbled.

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Fortelus Appoints Citi as Hedge Fund Administrator

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 11:38:18 +0000

Fortelus Capital Management chooses financial services company Citi for hedge fund administration.

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Hedge fund lowers takeover bid for Epicor Software

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 11:24:36 +0000

New York hedge fund Elliott Associates LP lowered its offer price Tuesday for Epicor Software Corp., saying in a letter it was "extremely disappointed" Epicor's board had recommended shareholders reject a takeover.

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GILD Arbitrage, Baltic Hedge Fund, Halts Redemptions Until May

Yahoo! News - Search Results for "hedge fund" — Tue, 04 Nov 2008 04:43:25 +0000

Nov. 4 (Bloomberg) -- GILD Arbitrage , the first registered Baltic hedge fund, will halt redemptions and subscriptions until May 5, citing ``market turbulence.''

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Independent films feel hedge fund heat

Yahoo! News - Search Results for "hedge fund" — Mon, 03 Nov 2008 20:28:59 +0000

The UK’s independent film industry looks set to become the latest victim of the credit crisis as funding sources dry up amid turmoil in the hedge fund industry.

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Hedge fund fee structure must change: report

Yahoo! News - Search Results for "hedge fund" — Mon, 03 Nov 2008 15:31:28 +0000

The credit crisis and market turbulence are challenging the hedge fund industry, and will unavoidably result in a re-evaluation of the hedge fund model, a new report from Castle Hall Alternatives says.

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Blue Mountain Freezes Its Largest Hedge Fund

Yahoo! News - Search Results for "hedge fund" — Mon, 03 Nov 2008 15:21:55 +0000

Blue Mountain Capital Management froze its largest hedge fund after clients asked to pull a “meaningful percentage” of their money.

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Dow Jones Hedge Fund Indexes Temporarily Suspends Publication of Various Indexes

Yahoo! News - Search Results for "hedge fund" — Mon, 03 Nov 2008 15:05:00 +0000

NEW YORK, Nov. 3, 2008 -- Dow Jones Hedge Fund Indexes, Inc. , today announced that it will temporarily suspend publication of the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy Benchmarks, effective November 3 until further notice.

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Citi Appointed Hedge Fund Administrator For Fortelus Capital Management, LLP

Yahoo! News - Search Results for "hedge fund" — Mon, 03 Nov 2008 10:50:39 +0000

Citi today announced it has been appointed by Fortelus Capital Management, LLP to provide hedge fund administration services to Fortelus' distressed debt fund. Fortelus is a UK-based firm with over $500 million in assets under management focusing on providing equity and debt capital for businesses in transition. Citi will be providing hedge fund accounting, administration and investor services

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Hedge Fund Operational Due Diligence: Castle Hall Releases White Paper on Hedge Fund Investing in a New World

Yahoo! News - Search Results for "hedge fund" — Mon, 03 Nov 2008 08:14:00 +0000

MONTREAL----Castle Hall Alternatives, a leading provider of hedge fund operational due diligence, today published “Hedge Fund Investing in a New World: Five Questions for Investors and Managers.”

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The European arm of SAC Capital, the $16bn

Yahoo! News - Search Results for "hedge fund" — Sun, 02 Nov 2008 23:10:44 +0000

The European arm of SAC Capital, the $16bn (â‚¬13bn) Connecticut hedge fund said to be one of the most expensive in the world, suffered departures last month after reporting losses in September.

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Hedge fund manager GLG Partners is facing up to the absence of star trader Greg Coffey, who served the last day of his …

Yahoo! News - Search Results for "hedge fund" — Sun, 02 Nov 2008 23:09:44 +0000

Hedge fund manager GLG Partners is facing up to the absence of star trader Greg Coffey, who served the last day of his six monthsâ€™ notice last week, amid investment losses and predictions of falling assets.

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