Tag Archives: 100-million
Wealthy wary of putting new money in hedge funds
Reuters – Millionaires who long put money with hedge funds are now skittish about adding fresh cash after these loosely regulated portfolios posted record losses last year, a top industry executive said on Thursday. "We have probably seen the worst […]
Attorney paid cohorts to help execute swindle
New York Daily News – Disgraced Park Ave. lawyer Marc Dreier gave fellow scamsters $100,000 to impersonate others in calls to victims, Manhattan federal prosecutors said Tuesday. The new details emerged at a bail hearing for former broker Kosta Kovachev, […]
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 […]
Asian hedge funds step in as global players flee
Reuters – The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash — […]
Citadel to cover operating expenses
Chicago Tribune – Citadel Investment Group is covering "a substantial portion" of its operating expenses this year, a break from passing those costs on to clients, Katie Spring, a spokeswoman for the Chicago-based hedge fund, said Thursday. "We felt it […]
U.S. hedge funds bleeding, one gone
SF Gate – There probably won’t be many tears for Larkspur’s Copper River Management LLC. The $1 billion hedge fund’s partiality to short selling earned it obloquy, lawsuits and, ultimately, death. No trace of company personnel could be found for […]
Citadel Hedge Funds Down, But Not Out
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal. This brings the hedge fund firm’s total losses to 47 percent for the year. The losses stem […]
Ramius Capital to close four funds
Reuters – Ramius Capital, an activist hedge fund, is informing its investors that it will close four funds with a combined $550 million in assets, the Wall Street Journal said, citing people familiar with the fund. The assets of the […]
Ramius To Wind Down Four Hedge Funds
New York (HedgeCo.Net) – New York City-based Ramius Capital will close four of its hedge funds that manage about $550 million in capital, the Wall Street Journal reports citing people familiar with the matter. The closing hedge funds are concentrated […]
Beyond the Ivied Halls, Endowments Suffer
New York Times – Some of the nation’s universities are trying to sell chunks of their portfolios privately as their endowments swoon with the markets. Among institutional investors, school endowments aggressively embraced private equity, real estate partnerships, venture capital, commodities, […]
Englander’s Millennium Funds May Lose $1 Billion to Withdrawals
Bloomberg – Millennium Partners LP, the $13.5 billion hedge-fund firm run by Israel Englander, plans to return $1 billion to investors who asked for their cash back by year-end, according to two people familiar with the matter. The redemptions, equal […]
Blackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation. Blackstone, which manages private equity, […]
