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China Hedge Funds Lose $10B After Market Collapse

(CNBC) Hedge funds focused on China suffered around $10 billion in outflows in July, after the Shanghai Composite posted a fall of over 14 percent for the month, new data shows. The HFRI Index, which tracks hedge funds that predominantly […]

Hedge Fund Bears Circle Aberdeen As China Compounds Grief

(Bloomberg) Even after a 21 percent plunge this year, short sellers see more trouble ahead for Aberdeen Asset Management Plc. Short interest in the Scottish firm jumped to 7.4 percent of shares outstanding this month, up from a low of […]

China Devaluation Rattles Investors

(Financial Times) Stocks and emerging market currencies are in retreat, while traders seek safety in Treasuries as the impact of China’s decision to devalue the renminbi continues to reverberate through markets. The mood in equities is decidedly sour. The pan-European […]

Madoff Criminal Case Finally Comes To An End

(HITC Business) In 1964, Irwin Lipkin became one of the first employees at a small New York trading firm called Bernard L. Madoff Investment Securities. Reuters reports that five decades later, Lipkin, 77, is set to be sentenced on Wednesday […]

Billionaire Ken Griffin Might Bring Back The Hedge Fund IPO

(Forbes) Billionaire Ken Griffin has rebuilt his Citadel, the Chicago hedge fund firm that nearly collapsed during the financial crisis and now manages $26 billion. Now, Griffin is once again thinking about taking his hedge fund firm public. The Wall […]

Robot Hedge Fund Traders Fight Back

(Wall Street Journal) Computer-driven hedge funds have had a torrid time of late. But this month, at least, they are making a comeback. So-called CTAs (commodity trading advisors), which use complex algorithms to try and profit from trends in financial […]

China Freezes US Fund Citadel’s Account In War Stock Speculation

(Reuters) China’s markets regulator has frozen a trading account linked to Citadel Securities, a unit of the U.S. group that also owns hedge fund Citadel LLC, as Beijing battles against speculators to prop up China’s ailing stock markets. The regulator, […]

Meet Patrick Walsh, The Do-It-Yourself Hedge Fund Activist You’ve Never Heard Of

(Forbes) In the increasingly crowded world of flashy activist hedge fund managers, Patrick Walsh, 39, plays against type. The founder of the $150 million PW Partners in Chicago wasn’t schooled at Wharton and has no Ivy League pedigree or M.B.A. […]

Fortress Joins Growing List

New York (HedgeCo.net) – This has not been a good month for alternative asset managers, at least not in terms of their own earnings performance. On Thursday, Fortress Investment Group joined a growing list of alternative investment firms that have […]

Hedge Fund Billionaires Bet On London As Revival Gathers Pace

(Bloomberg) London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action.Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where […]

Viewing Liquid Alternatives Through A Hedge Fund Lens

(Daily Alts) Liquid alternative investments, also known as “alternative mutual funds” and “liquid alts,” have experienced a rapid growth in popularity, with the number of funds offered and their assets under management soaring over the past two years. Despite this, […]

A Hedge Fund Billionaire Says There Are Only Two Things You Need To Remember About Investing

(Business Insider) There’s more than one way to skin a cat. The stuff Paul Tudor Jones has made his billions based on does not appear in any traditional investing textbook. Ben Graham would read his stuff and roll over in […]

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