July 30, 2010
High-Performing Hedge Fund Manager Closes Shop
Andrew Lahde, whom The Financial Times calls the best-performing hedge fund manager of the past two years, is closing shop and returning money to investors, the newspaper reported.
Goldman's Global Alpha hedge fund drops 22.5% in August
SAN FRANCISCO (MarketWatch) -- Goldman Sachs' largest hedge fund lost 22.5% in August, its worst month ever, as currency and so-called market-neutral strategies it uses were hit hard by market turmoil.
London hedge fund manager CQS has tapped the investment bank of Barclays for a second time in the past year, hiring a joint chief executive to manage important relationships, beef up its New York office and give its founder more time to manage money.
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