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Hedge funds stage a rebound in October

(CNBC) Just as it seemed as if 2015 would be a total wipeout for hedge funds, October brought the industry some life.As a whole, the $2.8 trillion industry rebounded to a 1.8 percent gain in October, according to numbers released […]

Lawyers Accuse Hedge Funds of Propping Up Massive ‘Sham’

(Variety.com) Filmmakers who would like to make the submarine action thriller “Hunter Killer,” attempting to extricate their film project from bankrupt Relativity Studios, accused the company and its founder Ryan Kavanaugh of operating a massive “sham,” which hedge funds continue […]

Man Fit for Trial in Slaying of Hedge-Fund Dad

(ABC News)A forensic psychologist hired by the Manhattan District Attorney’s office says a man accused of killing his hedge-fund founder father over a cut in his allowance is fit to stand trial. The New York Times reported that Stuart Kirschner […]

Preqin’s Latest Report Shows Q3 Worse than Other Reports

New York (HedgeCo.net) – Alternative asset industry data and intelligence firm Preqin released its latest report and it showed that hedge funds as a whole fell almost 4%. Despite the overall performance, there were a few bright spots with Commodity […]

Another Top Firm May Make Serious Middle and Back Office Job Cuts

(Reuters)BNP Paribas may make significant middle and back office job cuts as part of a plan to cut costs in its investment bank that includes using ‘big data’ technology to identify client needs, a person familiar with the matter said. […]

Hedge Funds Cut Bullish Bets on U.S. Crude to July Lows

(Reuters) Hedge funds cut their bullish wagers on U.S. oil by the most since July this week, trade data showed on Friday, after a tumble in gasoline prices, slower growth in China and worries about an impending return in Iranian […]

Blackstone’s Hedge Funds Show Resilience in Weak Markets

(Yahoo Finance) Blackstone (BX) reported a 38% fall in its hedge fund solutions segment’s total 3Q15 revenues to $98 million as compared to $158 million in 3Q14. Economic income for hedge fund solutions also fell by 52% during the third […]

This Week: Hedge Fund Darlings Became Dogs No More Excuses

(Harvest) It seems that since the recovery from the finical crisis of 2008, hedge funds have had a string of reasons for their persistent underperformance. First it was the fact that they were “defensively positioned” and did not capture the […]

Dupont CEO Departure Buys Time to Appease Peltz

(Reuters) The departure of DuPont’s chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months’ grace to boost its stock price and appease activist investor Nelson Peltz.Before Kullman’s surprise retirement announcement, the billionaire fund manager […]

In the hedge fund world, bigger is still better

(CNBC) Stock market tumult has delivered a stinging hit to a number of areas, notable among them the hedge fund industry, which has seen a promising year turn south in a hurry. Total hedge assets are back lingering near the […]

One of Canada’s largest pension boards is suing Saba Capital

(Business Insider) In a complaint filed Friday, one of Canada’s largest pension boards is accused Saba Capital of allegedly “Manipulating the value” of their investments in a fund.The Public Sector Pension Investment Board had $500 million in the Saba Offshore […]

This Hedge Fund Thrives by Sensing Danger

(Barron’s) Jeff Osher smiles at the suggestion that Cat Stevens’ early classic track “The First Cut Is the Deepest” might apply to him. Soon after Osher, now 38, started as an analyst following specialty-finance companies for Montgomery Securities, the Asian […]

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