Tag Archives: staffers


Salida ‘back from the abyss’

Globe and Mail – When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back. Salida, the once […]

Global stocks and dollar swing ahead of Fed meeting

Reuters – Volatility spread across stock and foreign exchange markets on Tuesday as investors eyed a Federal Reserve meeting expected to cut interest rates and hint at future unorthodox monetary policies to lift the U.S. economy. European stocks reversed early […]

Mutual Funds: Saner Markets Ahead

Forbes – In the December issue of Dan Wiener’s newsletter, "The Independent Adviser for Vanguard Investors," Wiener interviews James Barrow, lead manager for $31 billion Vanguard Windsor II, and learns that the venerated value manager believes that hedge fund liquidations […]

UPDATE 2-Thomas H. Lee mulls shrinking 2 funds

Reuters – Private equity investor Thomas H. Lee may shrink or shut down two funds that had $1.5 billion in assets after suffering losses of about 40 percent this year, the Wall Street Journal reported on Thursday, citing people familiar […]

Hedge fund group cancels winter event

Minneapolis Star Tribune – The local hedge fund industry has canceled its Winter Ball, scheduled for the Minneapolis Club in December, "due to volatility within the hedge fund industry." The big shooters at Deephaven Capital Management, Whitebox Advisors, Pali Capital, […]

Hedge fund assets fell $151b

Straits Times – Hedge fund assets fell by US$100 billion (S$151 billion) in October as investors withdrew their money and funds were forced to sell stock, exacerbating the severe volatility that pounded global markets during the month. About US$60 billion […]

Turtle hedge fund to restructure after losses

Reuters – The Turtle Fund, an $80 million Swiss-based hedge fund trading volatility, has stopped trading and will let investors exit after sharp losses, following a disagreement between the fund’s managers. In a note to investors, seen by Reuters, the […]

Salus Alpha offers a fund based on hedge fund index to investors

West Palm Beach (HedgeCo.net) – Because of investors’ demand Salus Alpha decided to make the Salus Alpha Directional Market accessible as a fund. This way Salus Alpha continues to launch tracker funds for all hedge fund indices launched by Alternative-Index […]

Last-hour US market madness seen abating for now

Reuters – In the past month, traders could have shown up on Wall Street at 3 p.m. and not have missed much. The last hour, even the last min utes, of trading seemed to be the only ones that mattered […]

Investors Flee Boone Pickens’ Hedge Fund: Report

CNBC – About half of the investors in T. Boone Pickens’ energy-oriented equity hedge fund have asked to withdraw their money on the heels of losses of about 60 percent this year, the Wall Street Journal said, citing people close […]

World’s biggest hedge fund restructures amid turmoil

Daily Telegraph – Highbridge Capital Management, which is majority owned by JP Morgan Chase and has $25bn under management, is axing 10 per cent of its New York-based staff and plans cuts in Europe and Asia. The volatility in global […]

Citadel To Launch New Funds, New Strategies

New York (HedgeCo.Net) – After a disappointing year, Citadel will launch several new hedge funds in hopes of countering the losses of their main hedge fund. The multi-strat $10 billion Kensington Global Strategies Fund has fallen over 30 percent this […]

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