Monthly Archives: February 2009
Partner exits hedge fund firm NewSmith Capital
Reuters – NewSmith Capital Partners, one of the hedge fund firms to appear before last month’s Treasury Select Committee into the banking crisis, told Reuters on Thursday partner Jeremy Silewicz had left the firm. Silewicz, who joined NewSmith in March […]
Hedge firm GLG assets fall
Reuters – Hedge fund GLG Partners reported a further drop in assets on Thursday and said the cycle of investor redemptions in the industry was not yet over despite its funds’ performance perking up in January. The London-based, New York-listed […]
Betsy Waters on Basics of Investment Strategy at NY Traders Expo
West Palm Beach (HedgeCo.net) – dbFX Global Director Betsy Waters will moderate a panel discussion entitled, “Investing in Managed Accounts: The What, How, and Why,” during the International Traders Expo, the largest and only expo designed exclusively for active traders. […]
Hedge Funds Need Help in Recovering Losses: Fiduciary Experts Say
West Palm Beach (HedgeCo.net) – Independent forensic professionals, Chris McConnell and Eric Steinwald are finding themselves in increasing demand as hedge funds and other investors turn to experts for help in recovering from losses caused by fraud, Ponzi schemes, stock […]
GLG, Och-Ziff Earnings Slump on Hedge Fund Losses
Bloomberg – GLG Partners Inc., the hedge-fund firm founded as a unit of Lehman Brothers Holdings Inc., and Och- Ziff Capital Management Group LLC reported lower fourth-quarter profits as their funds posted losses. GLG’s profit excluding acquisition costs dropped 78 percent […]
France to call for hedge fund crackdown
Focus Infomation – France on Friday will press for tighter controls on hedge funds, urging other big industrialised nations to strengthen regulation of the industry and compel banks that lend them money to hold more capital. Paris wants the European […]
Charity sues Highland Capital for more than $1.8 million
Dallas Morning News – An Amarillo charitable foundation is suing Dallas-based Highland Capital Management LP to recover more than $1.8 million from a Highland hedge fund that was shut down in October after heavy losses. The Mary E. Bivins Foundation, […]
Man Up! Hedge-Fund Man’s Advice for Wall Street
Bloomberg – Before I quit my job trading bonds for my former Wall Street employer and set up my first hedge fund, I thought long and hard. I stared at the ceiling every night, unable to sleep, and asked myself, […]
Little is absolute about absolute return funds
Forbes – When does "absolute" imply something that in reality is far less than certain? When it comes to absolute return funds. That’s the label mutual fund companies have put on hedge fund-style products that they’ve been rolling out with […]
Hedge fund manager may sell farm after being stung by Madoff
Reuters – Many gamblers have been forced to sell financial assets to cover bets on horses, but it is less common for a lover of thoroughbreds to sell a farm because of bad bets on investments. But that may be […]
Madoff’s wife took out $15M from husband’s firm before his arrest
Grand Forks Herald – The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband – including $10 million on the day their children turned her husband over to authorities for […]