Monthly Archives: February 2009

John Paulson Defies Market and Posts Huge Gains

February 2, 2009 : Permalink

New York Times – While his counterparts at other big hedge funds are trying to figure out whether they can stay in business, the fund manager John Paulson continues to rack up enormous profits. DealBook has obtained Mr. Paulson’s confidential […]

Bonds Slump in January, Hedge Funds Buy Gold

February 2, 2009 : Permalink

Gold Seek – This January was one of the worst on record for financial markets. US Treasuries crashed after enjoying a recession-beating run in 2008. Gold and silver were the only major asset class to end the month higher. Hedge […]

Maxam hedge fund sues auditors

February 2, 2009 : Permalink

Reuters – Maxam, an investment adviser based in Darien, Connecticut, relied on the auditors for their expertise in examining Madoff’s firm, according to the lawsuit filed in Connecticut Superior Court in Fairfield County. The lawsuit, though, said the auditors issued […]

RAB offloads loss-making funds for £1m

February 2, 2009 : Permalink

Times Online – RAB Capital has agreed to sell Northwest, its loss-making Asia-focused investment business, back to its founding principals for only £1 million in the latest sign of retrenchment by the AIM-listed London hedge fund manager. RAB, which originally […]

Obama aides set to tour Washington auto show

February 2, 2009 : Permalink

Detroit News – Several top officials in the Obama administration will tour the Washington Auto Show this week, getting a firsthand look at the auto industry’s newest offerings at a time when they are considering significant auto regulations. Environmental Protection […]

Bill in US Senate would regulate hedge funds

February 2, 2009 : Permalink

International Herald Tribune – Two senior senators have introduced legislation to impose U.S. government oversight on hedge funds. The legislation by Senator Carl Levin, a Democrat of Michigan, and Senator Charles Grassley, a Republican of Iowa, was filed Thursday while the […]

Contributing Factors To Hedge Funds’ 2008 Failure

February 2, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Credit Suisse Tremont Index LLC released a new research piece, ‘One for the History Books: Hedge Fund Performance in 2008’, a review of the factors which contributed to hedge funds’ dismal -19% return in 2008 […]

Arbitrage Lures Gabelli, Huntington After 920 Hedge Funds Fail

February 2, 2009 : Permalink

Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]

Hedge Fund Manager Defended by Madoff’s Lawyer Gets 40 Months

February 2, 2009 : Permalink

Bloomberg – A hedge fund manager who used the same defense lawyer as Bernard Madoff received a sentence that was a third of the maximum possible after he was convicted of defrauding investors out of $10 million. Vincent Montagna remains free […]

Robeco Investment Management Exits U.S. Fixed Income Business

February 29, 2008 : Permalink

New York, February 29, 2008 – Robeco Investment Management (RIM) announced today that it is exiting its U.S. fixed income business. As a result, the firm has entered into a definitive agreement with Morgan Stanley Investment Management (MSIM) through which […]

Oil hits record, lifts gold, palm to new highs

February 29, 2008 : Permalink

Guardian Unlimited-  Oil surged to a record high above $103 on Friday as supply disruption fears and the dollar’s fall to three-year lows against the yen prompted funds to pile into commodities, lifting gold and palm oil to historic highs. […]

Peloton to liquidate $2bn hedge fund

February 29, 2008 : Permalink

The Australian- PELOTON Partners, the hedge fund founded in 2006 by Ron Beller, a former Goldman Sachs partner, has told investors it is being forced to liquidate a $US2 billion ($2.1 billion) fund of asset-backed securities.Beginning the liquidation process for […]