Pallotta’s Slow Start Shows Waning Investor Appetite for Risk
Bloomberg – James Pallotta and Christopher Pia, hedge-fund managers who recently struck out on their own, are discovering just how much the global financial crisis is reducing investors’ appetite for...
View ArticleUS fund takes 35% stake in stricken Countrywide
Times Online – Oaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. The American-based...
View ArticleHedge Fund Trembulant Ups Stake in Fast Food
West Palm Beach (HedgeCo.net) – Hedge fund Tremblant Capital reported that it now owns 1.1 million shares of Chipotle Mexican Grill, bringing its total shares in the Denver-based fast food restaurant...
View ArticleGeithner Bad Bank Alternative May Rely on Loans to Hedge Funds
Bloomberg – Treasury Secretary Timothy Geithner’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down...
View ArticleAshmore sees tough 2009 for fund raising, outflows
Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half...
View ArticleIcahn Puts Another $250 Million Into His Fund
New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in...
View ArticleHedge Fund Assets Plunged to $1.8 Trillion in 2008
New York (HedgeCo.Net) – Hedge fund assets, which were once estimated to reach almost $3 trillion, finished the year at around $1.8 trillion, according to research conducted by London-based HedgeFund...
View ArticleFunds Of Funds Hit Hard by Economic Downturn
CNBC – Hedge funds of funds, the middlemen that pension funds and endowments often use to create alternative portfolios, lost roughly one-third of their assets last year, according to new data released...
View ArticleBennelong SGI to Start Hedge Fund to Invest in Global Equities
Bloomberg – Bennelong Funds Management, an Australian fund manager with A$400 million ($271 million), will start a second hedge fund to ride through the financial crisis as it seeks to more than double...
View ArticleMadoff Trustee Locates Assets of $75 Million
Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the...
View ArticleMan Group shares jump as payout is maintained
Marketwatch – Shares in hedge fund manager Man Group jumped around 11% Thursday after the firm maintained its dividend payout and launched a new investment management business. The firm said it expects...
View ArticleMan Group to Cut Jobs as Profit Falls, Assets Drop
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a...
View ArticleHighbridge records $1 bln in net inflows in 2009
Reuters – Highbridge Capital Management, the hedge fund majority-owned by JPMorgan Chase & Co, received $1 billion in net inflows this year, the Financial Times reported citing people familiar with...
View ArticleHedge Funds Get Earful From Clients About Fees, Withdrawals
Bloomberg – Two years ago, German investment adviser Dieter Kaiser had to board a plane bound for New York to speak with senior U.S. hedge-fund executives. These days, those same managers visit Kaiser,...
View ArticleUnions say they lost $1B
Albany Times Union – A group of upstate unions claims it lost nearly $1 billion in pension and other benefit funds after an investment manager placed the money with Bernard Madoff Investment Securities...
View ArticlePengana Aims to Grow Volatility Hedge Fund Amid Market Swings
Bloomberg – Pengana Capital Ltd., a Sydney- based asset manager that oversees A$1.5 billion ($1.1 billion), aims to increase the amount of hedge fund assets that bet on market swings by six times in...
View ArticleIn Chrysler Saga, Hedge Funds Cast As Prime Villain
President Obama’s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the...
View ArticlePersky’s Dalton hedge fund to bet on distressed debt
Reuters – Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again. Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch...
View ArticleChrysler Opponents Unmasked
BusinessWeek – The list of dissidents is much smaller than the original 20 or so hedge funds that veoted a pre-bankruptcy deal to reduce Chrysler’s outstanding secured debt. The list of hedge funds...
View ArticleTrustee pursues Cayman Islands hedge fund
Caribbean Net News – Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more...
View ArticleBlueGold, Galena Beat Competing Funds, Commodities
Bloomberg – BlueGold Capital Management LLP and Galena Asset Management Ltd. extended their winning streak in the first four months, outpacing competing hedge funds and commodities. Pierre Andurand’s...
View ArticleBlackstone Cancels Plan for Asian Event-Driven Fund
Bloomberg – Blackstone Group LP, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events...
View ArticleHunt for Madoff money to drag on for years
Reuters UK – Five months after Bernard Madoff’s massive fraud was revealed, little of his victims’ money has been found and it appears increasingly likely that the worldwide hunt for their missing...
View ArticleTCI Cuts $1 Billion of Japanese Short Stock Positions
Bloomberg – The Children’s Investment Fund Management UK LLP, a $9.5 billion U.K. hedge fund, cut its short positions in Japanese stocks including Toshiba Corp. by almost $1 billion in less than two...
View ArticleCommoditrade Plans to Start Energy Hedge Fund in Fourth Quarter
Bloomberg – Commoditrade Inc. plans to introduce an energy hedge fund in the fourth quarter, complementing a fund that invests in industrial metals. The new fund will use the relative-value strategy...
View ArticleBoaz Weinstein Said to Raise $160 Million for Saba Hedge Fund
Bloomberg – Boaz Weinstein, the bond trader who lost more than $1 billion last year at Deutsche Bank AG, has raised about $160 million since the end of April for his new hedge fund, according to two...
View ArticleHedge-Fund Startups Sprout as Roc Gathers $1 Billion
June 16 (Bloomberg) — Arvind Raghunathan , former head of Deutsche Bank AG’s global arbitrage business, will open his new hedge-fund firm next month with more than $1 billion, a sign that investors are...
View ArticleChina?s Sovereign Wealth Fund Aims to Invest in Hedge Funds
June 17 (Bloomberg) — Felix Chee, an adviser to China’s $200 billion sovereign wealth fund, said it aims to make investments in hedge funds. “We will have a preference for managed accounts,” he said...
View ArticleHedge Fund Cantillon Closing: Converting to Long Only Fund
Seeking Alpha – William von Mueffling’s Cantillon Capital Management will be closing down the hedge fund portion of its business. The fund will wind down its positions except for $1 billion worth of...
View ArticleHedge fund firm Polar Capital says assets $1.54 bln
Reuters – Hedge fund firm Polar Capital said on Wednesday that its assets under management had fallen to $1.54 billion at end-May compared with $3.1 billion at end-March 2008. The firm said pretax...
View ArticleHedge fund firm Polar assets fall, sees new inflows
Reuters – Hedge fund firm Polar Capital reported a fall in assets but has seen net inflows in recent months and said on Wednesday it was looking "more aggressively" at buying firms in distress. Polar...
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Government sets up technology investment fund
Reuters UK – The government has created a fund to invest in technology-based firms with high growth potential, which it hopes will raise up to 1 billion pounds over the next decade. The UK Innovation...
View ArticleMan Group sees net inflow from private investors
Reuters UK – Man Group, the world’s biggest listed hedge fund firm, reported a rise in sales to private investors and said it expects to return to overall net client inflows in its second half,...
View ArticleKIC to hedge against inflation
Korea Herald – The CEO of Korea Investment Corp. said yesterday the company would invest $1 billion in inflation-hedging assets such as price-linked bonds, commodities and real estate assets as part of...
View ArticleUPDATE 2-Gottex AuM down 4.6 pct in Q2, sees better H2
Reuters – Gottex Fund Management Holdings Ltd said on Wednesday assets under management slipped 4.6 percent to $8.1 billion in the second quarter, denting its shares, but it saw some positive signs for...
View ArticleBrazil’s Polo Hedge Fund Boosts Bets on Homebuilders
Bloomberg – Marcos Duarte, co-founder of the $1 billion hedge fund Polo Capital Gestao de Fundos Ltda., is buying more Brazilian homebuilder shares even after the stocks more than doubled this year....
View ArticleNew funding sought for U.S. “clunker” program
Reuters – The U.S. government’s $1 billion "cash for clunkers" auto sales incentive program reached its funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama...
View ArticleRiding a green tide: Matthew Goldstein
Reuters – PetroAlgae is one of those many clean-tech companies that seem to burn through cash faster than a Hummer goes through a gallon of gas. Yet something curious is going on with shares of this...
View ArticleAtticus Chief Exits, Leaving High Water Mark Behind
CNBC – Another of the once giant hedge funds is all but closing its doors. Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital...
View ArticleHedge Funds Had Net Inflows of $10.6 Billion in July
Bloomberg – Hedge fund assets increased by $10.6 billion in July, rising for a third straight month, as managers trading shares benefited from global stock market gains, according to Eurekahedge Pte....
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