Tag Archives: backlash


Even hedge funds with gains face redemptions

Reuters – Even hedge-fund managers with portfolio gains are in trouble this year. Dozens of managers who are outperforming the market and their troubled rivals with gains of as little as a few percent or as much as nearly 100 […]

John Paulson’s Advantage funds make more money in November

Reuters – Hedge fund manager John Paulson told investors that he made money again in November, leaving his biggest funds with double-digit gains for the year at a time many prominent rivals are nursing heavy losses. Paulson’s roughly $5 billion […]

UBP sees ‘unique’ opportunities in hedge fund segment

GENEVA (Reuters) – Union Bancaire Privee (UBP) aims to reinforce its presence in the hedge funds segment as rivals feel the pressure from the prolonged financial crisis, a senior bank official said on Tuesday. "Only the best will survive and […]

BNP Paribas Wins Prime Brokerage Business With Hedge Fund CQS

Bloomberg – BNP Paribas SA, France’s biggest bank, won prime brokerage business in Asia with hedge fund CQS (U.K.) LLP as it seeks to lure clients in the region from rivals. The new contract with CQS, a London-based hedge fund […]

Brazil Hedge Funds See Record Outflows Even as They Beat Market

Bloomberg – Brazilian hedge funds saw a record 14.3 billion reais ($6.7 billion) in withdrawals last month after returns trailed a fixed-income benchmark even while defying a 25 percent plunge in the Bovespa stock index. The redemptions brought total outflows […]

Hedge fund winners amid the rubble

International Herald Tribune – Bernard Drury is a rarity on Wall Street: a hedge fund manager who is making money, rather than losing it. While most hedge funds are declining this year and unsettling the markets in the process, a handful […]

Hedge fund closes Bermuda reinsurer

Caribbean Net News – Citadel Investment Group, one of the world’s biggest hedge funds, is closing down a Bermuda reinsurer it formed in 2004, according to a source familiar with the matter. Citadel, which manages roughly $18 billion, thought it […]

What crisis? Some hedge funds are gaining

International Herald Tribune – Bernard Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it. While most hedge funds are sinking into red this year and unsettling the markets in the process, […]

Brazil Hedge Funds See Record Outflows Even as They Beat Market

Bloomberg – Brazilian hedge funds saw a record 14.3 billion reais ($6.7 billion) in withdrawals last month after returns trailed a fixed-income benchmark even while defying a 25 percent plunge in the Bovespa stock index. The redemptions brought total outflows […]

Bloodbath in Mayfair as half of all hedge funds face termination

Guardian Unlimited - Lights flicker and numbers flash up on small dials at the front of two computer servers nicknamed Meg Ryan and Jamie Lee Curtis by traders at the London headquarters of hedge fund giant Man Group. The shiny new […]

Former Columbia Professor Starts Asia Fund of Value Hedge Funds

Bloomberg – Van Biema Value Partners LLC, led by a former Columbia Business School professor, started a new fund to invest in Asian hedge funds while plunging markets and client withdrawals force rivals to scale back investments. The Cayman Islands-domiciled […]

Hedge funds weigh future as investors pull money out

The Australian – David Gray, UBS’s head of prime services in the Asia-Pacific, says:  "In the next three months, people will make decisions about whether they want to continue their business that may prove uneconomic for them," Hong Kong-based Mr […]

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