HEDGE FUND NEWS

MarketWatch- George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm.
Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio managers at Barclays Global Investors, a unit of British bank Barclays PLC, which is one of […]

SAN FRANCISCO– George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm.
Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio managers at Barclays Global Investors, a unit of British bank Barclays PLC (UK:BARC: news, chart, profile) […]

West Palm Beach (HedgeCo.Net)- SEC Commissioner Paul Atkins recommended that European and US regulators should learn from each other’s approach to regulating hedge funds, particularly as the hedge fund industry became more international. Atkins said he also expects hedge funds to help solve the market turmoil surrounding sub-prime US mortgage loans.
The Comissioner resisted the agency’s […]

West Palm Beach (HedgeCo.Net)- India has been looking to hedge funds and loans since this year’s decline began in industrial growth from 11% a year ago to 9.5% in the first half of 2007-08, coupled with a fall in the expansion of India’s exports demanded the rationalisation of credit rates by the central banks.
The Federation […]

Independent- Arthur Sulzberger, the publisher of The New York Times and the chairman of its family-controlled parent company, picked out one of the most irritating thorns in his side in October when, after a two-year campaign to shake up the company, a Morgan Stanley fund manager finally gave up and bailed out of the stock.

But […]

CNNMoney.com

Hedge funds seek to shake up board of the New York TimesIndependent, UK - 6 hours agoA pair of hedge funds has amassed a 5 per cent stake and wants to impose a slate of new directors and a sharp new business strategy on the company, …2ND UPDATE: Hedge Funds Eye NY Times Co., Media General Board […]

Reuters- After he resigned as chief investment officer of JPMorgan’s China fund venture last August, Lu Jun was inundated with offers of senior posts at other asset management firms.
But Lu, widely known in the country’s 3.2 trillion yuan ($445 billion) mutual fund industry for his stock-picking skills and aggressive trading style, turned them down for […]

InvestorDaily- Hedge fund participation in the share market downturn has only intensified the markets’ rapid fall, according to Australian Unity chief investment officer David Bryant.
"They make a lot of money very quickly on the downside and unfortunately the Australian market, in relative size terms is an easy target for some of these," he said. […]

West Palm Beach (HedgeCo.Net)- Northern Trust has announce the setup of a worldwide partnership with financial applications company youDevise, it will offer funds of hedge funds daily portfolio management data. Typically, funds of hedge funds ("FoHF") can only get this type of information from their administrators on a monthly basis and without nearly as much […]

Reuters- Funds of hedge funds managers are bracing themselves for poor returns in the first half of the year across many portfolios as fears of a U.S. recession seep into the global economy, a Reuters poll showed.
The quarterly survey of 11 managers, taken January 14-24 while stock markets tumbled and the U.S. Federal Reserve slashed […]

Philadelphia Inquirer- The lousy January start for the U.S. stock market is giving activist hedge funds plenty of company in the misery they see.
You don’t have to look far for local examples. Comcast Corp. and its chairman and CEO Brian L. Roberts have come under withering criticism from a hedge fund that owns about 2 […]

Times Online-
A RAFT of European hedge funds have been forced to introduce emergency measures to protect their businesses from collapsing in the wake of the turmoil in financial markets.
Up to 10 European hedge funds have suspended redemptions after investors clamoured for their cash when the managers made severe losses.
A London prime broker told The […]