Struggling General Growth Properties Inc. rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP. General Growth stock nearly doubled in morning trading.
New York-based Pershing Square Capital bought 20.1 million shares of General Growth Properties stock this month, giving it a 7.5 percent stake in the company. It also has […]

Bizjournals.com - Struggling General Growth Properties Inc., owner of the St. Louis Galleria and 200 malls nationwide, rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP.
General Growth stock nearly doubled in morning trading.
New York-based Pershing Square Capital bought 20.1 million shares of General Growth Properties stock this month, giving […]

Petroleumworld.com - The hedge fund of billionaire investor George Soros increased its stake in Brazilian state-run oil company Petroleo Brasileiro ( Petrobras) to 21.1 million American Depositary Receipts as of Sept. 30 from 11.5 million at June 30.
Soros Fund Management LLC made the move as the ADRs tumbled during the quarter to about $44 from […]

Reuters UK - Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients’ investments — as well as their own futures.
Only a few months ago, hundreds of the world’s estimated 9,000 hedge fund managers made it […]

Reuters - Fidelity Investments’ Harry Lange, manager of its one-time star Magellan fund, made what now looks like a poorly timed move in June: he nearly doubled his holdings of AIG.
Lange, who has already seen other financial bets sour, driving the $35.2 billion (19.6 billion pound) fund down 17.3 percent since July, may be just […]

Reuters Dubai- Bahrain-based investment bank Investcorp’s INVB.BH profit in the six months to June 30 fell to about a third of the year-ago period as asset-based income dropped on global economic woes.
The company, which generates most of its income from investing Gulf Arab wealth in the West, made $63.3 million in the period, down […]

FINalternatives- The $154.5 billion New York State Common Retirement Fund last month made commitments to a trio of hedge fund and private equity managers.
The CRF committed €150 million (US$233 million) to CVC European Equity Fund V and $50 million to Levine Leichtman Capital Partners IV, a $4 billion middle-market, woman-owned private equity shop.
The fund last […]

Los Angeles Times - The hedge fund industry can only exist because investors believe their fund managers will deliver above-average returns over time, despite the portfolios’ hefty fees.
Master investor Warren Buffett, who has long derided those fees, now has made an interesting bet with a firm that runs so-called funds-of-hedge-funds: He’ll beat their net returns […]

The Lowell Sun - A Burlington hedge fund and its former manager have agreed to pay more than $1 million for trading on inside information surrounding the Citizen Bank’s $10.5 billion purchase of Chapter One.
Federal regulators from the U.S. Securities and Exchange Commission announced a settlement with Global Time Capital Management and former chief […]