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 four funds are focused in convertible bonds, distressed credit and securities of merging companies, the paper […]

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 in convertible bonds, distressed credit and securities of merging companies. 
Some of the money in […]

FINalternatives - A British hedge fund is suing The Wall Street Journal for publishing articles detailing its disastrous performance this year.
At a time when many in the industry and many regulators are pushing for greater transparency, SRM Global, which once managed US$3 billion, alleges that the newspaper published confidential information when it revealed in August that […]

Washington Post - New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said.

New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and GoldenTree Asset Management LP, as they were "facing the equivalent of margin calls," William Clark, director […]

The Australian - Hedge funds who invested in Channel Nine’s owner PBL Media are unhappy about a rescue package to refinance the group’s $4.3 billion in debt, The Asian Wall Street Journal has reported.
Private equity group CVC Asia Pacific, the owner of 75 per cent of PBL Media, is "scrambling" to prevent PBL Media from […]

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, real estate and hedge funds, would cut the fund size to about $200 million from a […]

Forbes - Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records.
The firms included Merrill Lynch & Co, Citigroup Inc, Deutsche Bank AG and UBS AG, according to the paper.
The paper said that […]

Wall Street Journal - In 2006, Lawrence Summers resigned as president of Harvard University and took a position as a part-time managing director with D.E. Shaw Group, a New York hedge fund with a reputation as one of the most secretive trading outfits in the world.
D.E. Shaw is known for using sophisticated computer-based quantitative strategies […]

New York (HedgeCo.Net) - Private-equity firm CVC Asia Pacific, who owns 75 percent of PBL Media, is trying to prevent the company from defaulting on its $4.3 billion in debt, according to the Asian Wall Street Journal. 
PBL Media, the owner of massive Australian magazine group ACP and Australia’s Channel Nine, could be placed under […]

Wall Street Journal - Down in the morning, up in the afternoon. Or is it the other way around? The topsy-turvy stock market is tough to read.
In the last year, the Dow Jones Industrial Average has briefly been over 13,000 and below 8,000. The past month has felt like the Cyclone roller coaster on Brooklyn’s […]

BloggingStocks - Congress will bring in a bunch of big hedge fund managers like George Soros and ask them why they make so much money. It will also try to figure out if they control too much of the trading on Wall Street and borrow too much money from banks putting them at risk if […]

Seeking Alpha - It’s a tough world out there - I saw in the Wall Street Journal the average hedge fund lost 18% in October. Considering what their mandate is i.e. hedge - that is amazing. September was awful as well. We see stories of hedge funds that are performing well (in this market losing […]