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Category Archives: Closing Hedge Funds

Asia Hedge Fund Startups Falter as Big Backers Pull Cash

Bloomberg: Asia-focused hedge funds that were started with the help of a major backer after the 2008 credit crisis are shutting down as a shrinking pool of key investors makes it harder for them to raise capital. Isometric Investment Advisors […]

Tennenbaum Capital Partners Announces Final Close On $530 Million Hedge Fund

New York (HedgeCo.net) – Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC.  With capital commitments of $530 million from new and existing limited partners, the fund […]

Gartmore reinstates star fund manager Guillaume Rambourg

Telegraph – The Frenchman’s reinstatement a month after his suspension came as Gartmore’s head of compliance Gerry Harvey left the quoted fund manager. Mr Rambourg’s suspension sent shockwaves through the market and shares plunged in Gartmore, where he and fellow […]

UPDATED: Advisers Charged With $160 Million Nadel Related Hedge Fund Fraud

New York (HedgeCo.net) – The SEC has charged two investment advisers with securities fraud for misleading investors about the financial condition of three hedge funds they managed, and misrepresenting that they controlled the funds’ investment and trading activities when in […]

Future Crisis Worries – Hedge Fund Compliance Survey

Three quarters of the world’s senior banking and compliance officers polled as part of a wide-ranging survey by Complinet, a hedge fund compliance company, said they are expecting the next financial crisis will strike within the first half of this […]

Hedge Funds County Once Championed Now Prove Too Risky

Voiceof San Diego – San Diego County’s pension fund is slashing its $1 billion hedge-fund portfolio and acknowledging that the investments it once championed have become too risky and no longer make sense. The board of the San Diego County […]

KBC to cut some hedge fund-related activities

Reuters – Belgian banking and insurance group KBC said on Monday that it will discontinue some of its hedge fund-related activities and that the move could lead to some redundancies. KBC said it will also close its Alternative Investment Management […]

What the commentators say

guardian.co.uk – The Independent’s Jeremy Warner is not convinced and argues that the failure is entirely their own. In the Daily Telegraph, Richard Fletcher explains that though Horlick blames US regulators for their lack of oversight her clients should be […]

Even strong hedge funds may go under

Reuters – Even some strong hedge fund managers may not survive the ongoing credit crisis due to a lack of funding or credit, the president of hedge fund John W. Henry & Co. said on Tuesday. "There are going to be some […]

Investor starting long-short fund

Seattle Times – Bill Fleckenstein, a well-known Seattle investor who bets exclusively on falling stocks, is shutting his 12-year-old fund and starting a new one that will buy equities, too. Fleckenstein said he doesn’t think the worse is over in […]

Citadel to close its offices in Tokyo

Chicago Tribune – The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations. The Chicago-based hedge fund will still have a presence in Hong Kong, where 25 positions will be cut, the company […]

Och-Ziff Funds Said to Have Eliminated at Least 10 Jobs in Asia

Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner Raaj Shah, said two people familiar with the matter. The cuts made last week, out […]

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