Tag Archives: multibillion-dollar


Harvard seeks to manage more money internally: report

Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]

Harvard seeks to manage more money internally: report

Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]

Harvard Management hires two from hedge funds

Reuters – Harvard Management Co, which invests the Ivy League school’s multibillion dollar endowment, hired two investment managers away from two prominent hedge funds, the university said on Wednesday. Emil Dabora, a senior managing director at Caxton Associates, will join […]

Renaissance hires new CEO for institutional business

Reuters – Renaissance Technologies LLC, the multibillion dollar hedge fund known for delivering top returns by relying on complicated computer models, hired a new president and chief executive officer for its institutional business. The fund firm, which manages roughly $20 […]

Madoff ‘has blood on hands’ over shooting death

West Sussex County Times – A former soldier who shot himself in the head in Southampton was facing bankruptcy after becoming the victim of an alleged fraud by US banker Bernard Madoff, his grieving son said. The son of William […]

Bain Capital raises $475m for latest fund

Boston Globe – Despite the gloom gripping the markets, Bain Capital has raised $475 million for a new venture capital fund, according to two executives with direct knowledge of the fund. It is the firm’s fourth fund that invests in […]

RPT-EXCLUSIVE-Hedge fund firm Magnetar cuts London jobs

Reuters – Multibillion dollar hedge fund firm Magnetar Capital has shut its London risk arbitrage desk and cut seven jobs, the firm told Reuters on Monday, as the industry goes through its biggest crisis. A spokesman said four traders and […]

Four in hedge fund sting convicted

Newsday – Maybe you heard the one about the phony multibillion-dollar Long Island hedge fund that was actually performing a public service. No? Well, apparently neither did four confidence men, according to federal prosecutors. The four were convicted yesterday in […]

For investors, now what?

Minneapolis Star Tribune – Like most market watchers, last year’s participants in the Star Tribune Investor Roundtable failed to predict that 2008 would be a year of stomach-churning stock market declines, failed financial institutions, multibillion-dollar bailouts and credit markets as […]

Citadel to close its offices in Tokyo

Chicago Tribune – The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations. The Chicago-based hedge fund will still have a presence in Hong Kong, where 25 positions will be cut, the company […]

DE Shaw, Farallon Restrict Withdrawals as Fund Freeze Deepens

Bloomberg – D.E. Shaw & Co. LP, the investment firm run by David Shaw, and Farallon Capital Management LLC limited withdrawals by clients, joining more than 80 hedge-fund managers to impose restrictions in the past two months. D.E. Shaw, which […]

Perot’s Parkcentral Fund Closes as Credit Freezes

Bloomberg – Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it’s “no longer viable.” Parkcentral Global Hub Ltd.’s assets fell […]

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