Bloomberg - Tudor Investment Corp., the firm run by Paul Tudor Jones, temporarily suspended redemptions from the $10 billion BVI Global Fund Ltd. as it splits the hedge fund into two, according to a person familiar with the matter.
Tudor is planning to put hard-to-sell investments, mostly corporate bonds and loans from emerging markets, into a […]

New York (HedgeCo.Net) - Two hedge funds run by famed portfolio manager Jeffrey Gendell are being closed because of heavy losses suffered this year.  Both Tontine Partners LP and Tontine Capital Partners LP are liquidating assets, although no time table has been given.
The Greenwich-based Tontine Associates, which manages over $11 billion through their four hedge […]

West Palm Beach (HedgeCo.net) - The Morningstar 1000 Hedge Fund Index lost 3.12% in August, significantly underperforming U.S. and global equity and bond markets.
August, like July, was characterized by a large drop in emerging markets and commodities. "Even though commodity prices have started to descend, their lofty valuations slowed growth and demand, especially in […]

TMCnet - Several months ago, economist David Hale had a private meeting with Federal Reserve Chairman Ben Bernanke, who was trying to ward off a recession by lowering interest rates and increasing the money supply in the economy.
The problem with that approach is that the value of the dollar plunged against foreign currencies, causing crude […]

Reuters Dubai - Gas exporter Qatar and Vietnam have set up a $1 billion fund (56 million pounds) to invest in sectors including agriculture, a Qatar-based newspaper reported on Tuesday.
Qatari sovereign wealth fund, the Qatar Investment Authority QIA.L, will provide 90 percent of the fund’s equity, Gulf Times reported, citing Phung The Long, Vietnam’s Ambassador […]

Wall Street Journal - Harbinger Capital Partners and Firebrand Investments LLC, the hedge funds that put two representatives on the board of the New York Times Co. this past spring, are again adding to their stake in the media company.
Through share purchases and a series of equity swaps, Harbinger Capital Partners and Firebrand Investments added […]

Bloomberg - Eurasia Capital Management plans to increase the world’s first Mongolia-focused fund fivefold to $100 million to tap economic growth fueled by the nation’s mining industry.
Eurasia’s hedge funds, which have about $200 million of investments across Central Asia, also expect to sell shares on London’s Alternative Investment Market or Deutsche Boerse AG by next […]

Financial Times - Brian Hunter, the trader who was blamed for the collapse of $9bn hedge fund Amaranth Advisors two years ago, has taken ­advantage of last month’s plunge in commodity prices to help propel the year-to-date return at the fund he now advises to 230 per cent.
The Peak Ridge Capital Commodities Volatility fund, which […]

Bloomberg - Lone Pine Capital LLC, run by Stephen Mandel, and Traxis Partners LLC are among 56 overseas funds that registered to buy shares in India in July, the most in six months, betting on a recovery in stocks.
Helios Capital Management Pte and Stonewater Capital LLC also won approval from the nation’s regulator, nine months […]

Financial Times- Private equity and hedge funds risk suffering massive losses from a binge of investments in the troubled North American automotive industry.
Many of the funds saw turnround opportunities in the sector in 2005 and 2006 when suppliers were squeezed between rising commodity prices, cutbacks by the three Detroit carmakers, and customers’ demands for lower […]

West Palm Beach (HedgeCo.net)- In a summary of hedge fund performance for the second quarter of 2008, Morningstar, Inc. marked June as a bad end to a good quarter. The Morningstar 1000 Hedge Fund Index fell 0.73% during the month, pushing down second-quarter returns to 2.07%. Year to date, the index is up only 0.31%, […]

Bloomberg - Hedge funds turned in their worst first-half performance in almost two decades as the collapse of subprime-mortgage bonds and rising commodity prices pushed stocks to the brink of a bear market.
Hedge funds declined by an average 0.7 percent in June, bringing the year-to-date loss to 0.75 percent, data compiled by Hedge Fund Research […]