Monthly Archives: January 2009

Main Citadel Hedge Funds Dropped Estimated 53% In ’08

January 7, 2009 : Permalink

CNN Money – Citadel Investment Group’s main hedge fund lost 53% for 2008, according to a person familiar with Citadel’s preliminary estimates. The $10 billion Kensington and Wellington funds lost about 9% during the first 24 days of December, punctuating […]

N.Y. judge restrains Merkin funds in Madoff lawsuit

January 7, 2009 : Permalink

Boston Globe – A judge extended an order on Tuesday barring hedge fund founder Ezra Merkin from shutting down funds that had invested with accused swindler Bernard Madoff or withdrawing money from them. New York State Supreme Court Justice Richard […]

Give backs and free management from some hedge funds

January 7, 2009 : Permalink

BloggingStocks – Over the past few weeks you probably saw signs in retail stores touting "big sales" with discounts of 50% to 70& off. It seems that Wall Street has caught on to main street’s way of doing business – […]

Dubai leads in Islamic finance with new Shariah hedge fund index

January 7, 2009 : Permalink

Mena Report – The Dubai Multi Commodities Centre Authority (DMCCA) and Shariah Capital, Inc. (SCAP.L) today announced the Dubai Shariah Hedge Fund Index, the first internationally-recognised index comprised exclusively of Shariah compliant hedge funds.  The Dubai Shariah Hedge Fund Index […]

Paulson’s Pellegrini Said to Resign to Start Own Hedge Fund

January 7, 2009 : Permalink

Bloomberg – Paolo Pellegrini, the hedge-fund manager who helped Paulson & Co. make more than $3 billion in 2007 on bets the U.S. housing bubble would burst, resigned to start his own fund, a person familiar with the matter said. […]

Hedge Funds Will Be Ruined by Withdrawal Limits:

January 6, 2009 : Permalink

Bloomberg – Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather […]

U.K. Plans to End Ban on Shorting

January 6, 2009 : Permalink

The Wall Street Journal – The U.K.’s markets regulator plans to end its ban on short selling of financial stocks. The Financial Services Authority said Monday that it would continue to ask hedge funds, which said the ban had hurt […]

Ackman’s Hedge Fund for Target Stake Fell 68% in 2008

January 6, 2009 : Permalink

Bloomberg – William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain. Pershing Square IV declined 7.7 percent in December alone, according to a letter […]

Tate & Lyle hurt by rumours of hedge fund share sale

January 6, 2009 : Permalink

Financial Times – The London market’s new year bounce continued into a fifth session, but Tate & Lyle missed the trend. Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its second-biggest shareholder, might have to sell to […]

Daiwa drops big fund plan after Blackstone talks fail

January 6, 2009 : Permalink

Reuters – Daiwa Securities Group Inc, Japan’s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through. Daiwa had been in talks with private equity firm Blackstone Group LP […]

Finvest Launches Private Equity Fund

January 5, 2009 : Permalink

West Palm Beach (HedgeCo.net) – After being awarded $2.5 billion in allocation for investment in private equity, hedge fund manager Finvest Asset Management, announced the launch of a private equity initiative. Finvest is also separately dedicating $300 million to a […]

Hedge funds bet on regulations

January 5, 2009 : Permalink

The Washington Times – Hedge-fund managers say Bernard L. Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5 trillion industry. Mr. Madoff’s purported bilking of investors by up to $50 billion begins to uncover a part of […]