Turnberry Capital to liquidate its fund
Stamford Advocate – A Greenwich hedge fund company is among hundreds of the risky investment entities that have closed or are projected to close this year amid volatile equity and commodity markets....
View ArticleNordic Commodity, ECM Post Top Power Hedge-Fund Gains
Bloomberg – Energy Capital Management and Nordic Commodity Funds AB’s hedge funds are outperforming the competition in European energy markets, where power prices fell as much as 17 percent last month...
View ArticleEurasia Hedge Fund Bets on Mongolia, Plans Share Sale
Bloomberg – Eurasia Capital Management plans to increase the world’s first Mongolia-focused fund fivefold to $100 million to tap economic growth fueled by the nation’s mining industry. Eurasia’s hedge...
View ArticleHedge Funds Increase New York Times Stake
Wall Street Journal – Harbinger Capital Partners and Firebrand Investments LLC, the hedge funds that put two representatives on the board of the New York Times Co. this past spring, are again adding to...
View ArticleSome hedge funds see assets shrivel in 1st half
Reuters – Some of the world’s biggest hedge funds suffered a dramatic drop in assets in the first half of 2008 as financial markets tumbled and many investors asked for their money back, according to a...
View ArticleBrotman Boldly Launches Market Timing Fund
West Palm Beach (HedgeCo.net) – Brotman Capital Management has chosen this, the worst year for hedge funds in over a decade, to launch its flagship Market Timing Fund. Since inception through August...
View ArticleHedge funds grab the spotlight on Wall St.
Politico.com – Even as the storied financial names vanish — Lehman Brothers, Merrill Lynch and Bear Stearns — they’re being quietly replaced by less familiar ones: Cerberus Capital Management, Citadel...
View ArticleThain to head investment banking, wealth at BofA
Reuters – John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm’s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new...
View ArticleAgecroft Hires Hedge Fund Manager
West Palm Beach (HedgeCo.net) – Hedge fund third party marketing firm, Agecroft Partners has hired its 5th Managing Director, Jarratt Ramsey. Jarratt spent the last 11 years at multi-billion hedge fund...
View ArticleTyser, Horseman Show Investors Not All Hedge Funds Are Losers
Bloomberg – Harry Tyser, manager of the $100 million New Star Firefly Hedge Fund in London, was still trading while being wheeled into the operating room for kidney- stone surgery. “It’s life and death...
View ArticleRK Capital Hedge Funds Lost Up to 30% in August as Metals Fell
RK Capital Management LLP, the metals hedge-fund firm co-founded by Michael Farmer, lost as much as 30 percent last month amid falling copper and aluminum prices, according to an investor with the...
View ArticleAnglo-Saxon hedge funds shorting on Madrid falls
Telegraph.co.uk – EU data shows that Philip Falcone, the US hedge fund baron who led the assault on HBOS, has sold short €138m (£108m) of Banco Popular’s shares, or 1.65pc of the total float, through...
View ArticleKomodo Hedge Fund Outperforms as Cameron Replicates Japan Bets
Bloomberg – Komodo Capital Management Pte’s hedge fund outperformed rivals as Chief Investment Officer Angus Cameron employed strategies he developed during Japan’s slump in the 1990s to profit from...
View ArticleHalbis Hedge Fund Stocking Up Again
New York (HedgeCo.Net) – Halbis Capital Management of HSBC is upping the exposure in their European Alpha hedge fund thanks to cheap stock prices. Bill Maldonado, head of alternative investments,...
View ArticleBlue Mountain Hedge Fund Latest to Freeze Redemptions
New York (HedgeCo.Net) – Following in the footsteps of other large hedge funds trying to weather the credit crunch, Blue Mountain Capital Management has suspended withdraws on its $3.1 billion fund....
View ArticleEven Healthy Hedge Funds Face Redemptions
Seeking Alpha – It’s a tough world out there – I saw in the Wall Street Journal the average hedge fund lost 18% in October. Considering what their mandate is i.e. hedge – that is amazing. September was...
View ArticleHedge Fund Brotman Capital Shows Top Performance
West Palm Beach (HedgeCo.net) – Brotman Capital Partners LP, based in Boca Raton, Florida, has turned in the best performance Year to Date of a Market/Trend Timing Hedge Fund according to Barclays...
View ArticleSEC Officials Not Held Accountable for Mishandling Hedge Fund Insider Trading...
New York (HedgeCo.Net) – SEC officials did not botch an investigation into alleged insider trading by hedge fund Pequot Capital Management, at least according to the SEC. Brenda P. Murray, an...
View ArticleHedge fund group cancels winter event
Minneapolis Star Tribune – 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." The big...
View ArticlePerot’s Parkcentral Fund Closes as Credit Freezes
Bloomberg – Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because...
View ArticleRival Hedge Fund Avoids Steep Loses through Downside Protection Strategies
West Palm Beach (HedgeCo.net) Canadian hedge fund manager, Rival Capital Management launched the Rival North American Growth Fund and since 2007 it has gained more than 80 accredited investors and $15...
View ArticleNew Evidence Emerges in Closed Insider-Trading Case
Washington Post – New evidence has emerged in an insider-trading investigation that the Securities and Exchange Commission closed two years ago without filing charges, raising questions on Capitol Hill...
View ArticleHedge Funds, Other Large Institutions Burned By Madoff
New York (HedgeCo.Net) – Just days after what could prove to be the largest Wall Street sham in history, investors that were burned by Bernard Madoff are coming forward in droves. Spanish bank...
View ArticleCSX settles case over alleged fund violations
CNNMoney.com - Railroad CSX Corp. said Wednesday it has settled a case of alleged securities law violations with two activist shareholder hedge funds. If the settlement is approved by a federal court,...
View ArticleInvestigate money advisers before investing
Grand Forks Herald – From worrying about banks and a financial meltdown, investors are now wondering if they can trust the person investing their money. In this year of shocks, investors were dealt...
View ArticleInvestors play safe, park funds in gold
Economic Times - Gold, the traditional safe haven in times of economic turmoil, proved to be more a commodity that everyone loved to hate last year even amid the turbulence that engulfed world markets....
View ArticlePension fund fires 2 money managers
Boston Globe – The Massachusetts state pension fund fired two money managers yesterday for poor performance, including one that had lost $12 million investing with accused swindler Bernard L. Madoff....
View ArticleMulti-Million Dollar Hedge Fund Fraud in Connecticut
West Palm Beach (HedgeCo.net) – The SEC has frozen the assets of a Connecticut-based hedge fund manager, alleging that he forged documents, promised false returns, and misrepresented assets managed by...
View ArticleHedge Fund Manager Released to Parents Custody
West Palm Beach (HedgeCo.net) – The Connecticut-based hedge fund manager who had his assets frozen by the SEC last month, Francesco Rusciano, was released to the custody of his parents on a $500,000...
View ArticleHedge Fund Investors Gain Power
BusinessWeek – For years pension funds, university endowments, and other big investors essentially wrote blank checks to hedge funds and private equity firms. They readily paid stiff fees and agreed to...
View ArticleFlood of ETFs promising hedge fund-style returns
Reuters – Money managers are flooding the market with exchange-traded funds (ETF) and mutual funds designed to give even the smallest of investors access to hedge fund returns without all the usual...
View ArticleSEC Requests Data From Two Dozen Firms in Pension Investigation
Bloomberg – The U.S. Securities and Exchange Commission is seeking information from more than two dozen pension funds, placement agents and other companies as it steps up an investigation into whether...
View ArticleInvestors eye safer funds, firms must adjust-survey
CNN Money – Money managers must offer new portfolios and keep cutting costs to survive in an era where frightened investors prefer safer fixed-income funds to stock and hedge funds, a report released...
View ArticleMan Group Advances as Pace of Redemptions by Investors Declines
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose as much as 4.5 percent in London trading after redemptions by institutional investors slowed. Pension plans, endowments...
View ArticleDespite Pressure, Hedge Funds Resist Reducing Fees
New York Times – Despite the industry’s record losses in 2008, hedge funds generally aren’t lowering their fees without concessions from investors, such as longer lock-up periods and commitments of at...
View ArticleHarvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under...
View ArticleHarvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under...
View ArticleFormer Argent trio launches new hedge fund in Chapel Hill
Triangle Business Journal – Chapel Hill, which over the years has become the home base of choice for money managers of all stripes, has a new hedge fund. Raven Rock Capital launched September 1 with at...
View ArticleCogent Consulting Releases Free Broker Review System for Hedge Funds
Press Release – Cogent Consulting LLC today announced a free version of its HedgeTrak web-based broker review and evaluation service for hedge funds. HedgeTrak Lite enables hedge funds to properly...
View ArticleHedge Firm Says Chief Will Retire
NYT – James H. Simons, one of the most respected money managers in the hedge fund industry, told investors Thursday he planned to step down from day-to-day management of Renaissance Technologies, the...
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