Forbes - Financial assets have become so cheap because of the credit crisis that now is a good time to scoop up bargains, the head of one of the world’s biggest hedge funds, Avenue Capital, said on Wednesday.
‘Now is a phenomenal time to buy, assuming you think we’re not in a depression,’ Marc Lasry, chairman […]

Free Internet Press - George Soros, 78, has made billions as a hedge-fund manager and investor. Germany’s Spiegel magazine spoke with him about the current financial crisis, how he expect President-elect Barack Obama to respond to the economic disaster and the responsibilities borne by speculators.
SPIEGEL: Mr. Soros, in spite of massive interventions by governments and […]

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 […]

West Palm Beach (HedgeCo.net) - Securities and Exchange Commission Chairman Christopher Cox announced a meeting of the International Organization of Securities Commissions (IOSCO) Technical Committee today, Monday, November 24 by teleconference to discuss urgent regulatory issues in the ongoing credit crisis.
"In addressing turbulent market conditions, it is essential not only that regulators act against securities […]

West Palm Beach (HedgeCo.net) - Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has launched its proprietary patent-pending trading platform to conduct live trading of accounts receivable.
“The Receivables Exchange is a phenomenal idea that has hit the asset based finance industry by storm,” said Michael […]

New York (HedgeCo.Net) - Clients of Fortress Investment Group LLC have requested to withdraw more than $4.5 billion of their assets over the next few months, according a statement released by the hedge fund yesterday.
The company reported its first annual loss since going public, mostly due to its Drawbridge Global Macro funds losing over […]

New York (HedgeCo.Net) - Five billionaire hedge fund managers stood up before Congress yesterday and shared their differing views on the hedge fund industry.
George Soros, Philip Falcone, John Paulson, James Simons and Ken Griffin all took turns defending hedge funds at the House hearing yesterday, though they clearly weren’t on the same page […]

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 […]

New York (HedgeCo.Net) - In his first press conference since winning the presidential election, Barack Obama discussed ways to tackle the economic crisis while describing the “enormity of the task that lies ahead.”
In the wake of what looks to be a pending recession, Obama talked about his focus on job production and the extension of […]

Opalesque - For the US financial markets, as the credit crisis unfolded there was, along with the desire for immediate action, a sense that the government was taking temporary steps until the election would decide which administration would be the next to hold office.
As the November 4th election has determined the next US […]

West Palm Beach (HedgeCo.net) - The Central Bank of Bahrain will be participating in the Hedge Funds Review, Middle East Summit in Bahrain on November 11-12, 2008.
"As the funds industry continues to gather pace in the global arena, the CBB is determined to maintain its regulatory precedence in setting up the necessary initiatives to enable this […]

Seeking Alpha - Risk management Rule No.1: if it can happen then it will happen. Hope for the best but plan for the worst. Recent events have provided good returns for some hedge funds, hard times for other hedge funds but harsher times for long only. Skilled absolute return managers don’t make money every month […]