Seeking Alpha - A report making the rounds today detailed managers’ Form 13-F filings. This report shows what managers own. Their holdings of U.S. stocks by and large plummeted. The decline in the size of the positions could be from market share losses or the sale of a position, or most likely, both.
Atticus Capital reduced […]

Reuters - As many hedge funds suffer big losses and anxious investors yank out their money, the town synonymous with the riches of their recent glory is now hurting.
In Greenwich, Connecticut, the luxury car dealers are quiet, the prices of mansions are declining and the retailers who have made a good living serving its wealthy […]

Reuters - Quadrangle Equity Investors, a hedge fund that concentrates on media and communications stocks, will wind down its business after losses and investor redemptions, according to people familiar with the situation.
The relatively small fund employs fewer than a half dozen people, but it is part of Steve Rattner’s prominent Quadrangle Group LLC and […]

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 of the US$100 billion in asset losses during the month came from investor redemptions, according […]

Financial Standard - As the GFC batters confidence in long-only equities, sentiment is turning to hedge funds, provided you partner with groups that are reputable and well run, said Spencer Young, chief executive officer of HFA Holdings.
The result is institutional investors are looking to steer money towards hedge funds as they seek a safe haven […]

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 fund said it lost 8.7 percent in September and 14 percent in October — its […]

New York Post - Back-to-back bruising months in September and October have shaved more than 10 percent of hedge funds’ value, translating into hundreds of billions in losses, according to research and advisory firm Hedge Fund Research.
After weathering a brutal September that saw fund managers lose nearly 6 percent, hedge funds suffered further erosion […]

Reuters - European shares climbed on Friday while most Asian shares fell as investors sought to balance economic worries with a new era of lower interest rates ahead of […]

Reuters - General Motors Corp (GM.N) and Ford Motor Co (F.N) posted more than $27 billion of net losses in the first half of 2008 — and that was before a deepening economic slowdown pushed industry sales beyond 15-year lows.
What either automaker will report for an encore in the third quarter could be overwhelmed […]

Times Online UK - Litigation departments at the City’s leading law firms have grown significantly busier in recent weeks as investors turn to legal action to recover losses suffered as a result of the financial crisis.
Although lawyers have been predicting an upturn in litigation since the credit crunch began last summer, that […]

Guardian.co.uk - Hedge funds and banks are expected to bear the brunt of derivative losses estimated at $15bn (£9.4bn) linked to the collapse of Iceland’s three major banks - Landsbanki, Glitnir and Kaupthing - which failed in rapid succession last month.
The complex unwinding of trades linked to debt issued by the banks began yesterday with […]

Reuters - Autonomy Capital Research LLP, a $1.7 billion hedge-fund firm run by former Lehman Brothers Holdings Inc trader Robert Gibbins, halted withdrawals from its flagship fund after losses this year, Bloomberg reported on Tuesday.
The $1.2 billion Autonomy Capital Fund slumped about 40 percent this year through […]