Monthly Archives: August 2007

Street.Com- Bear Stearns said Sunday that Co-President and Co-Chief Operating Officer Warren Spector has resigned following the meltdown of two of its hedge funds.   As part of a management overhaul, Alan Schwartz, who had been sharing duties with Spector, will […]

Reuters- Hedge fund investors will soon see just how bad the month of July really was when thousands of managers report performance data, and industry experts are warning disasters may loom where people least expect them. “The numbers are going […]

The biggest challenge facing Microsoft today is making sure that it has enough qualified, capable, talented people who can continue to scale with the company. But the Redmond, Wash., software maker is facing competition for those resources from an unexpected […]

Reuters- Problems in the credit markets coupled with a sharp drop in equity markets have affected many hedge fund returns. As managers in the loosely regulated $1.75 trillion industry total up July numbers, speculation mounts that more funds could be […]

International Herald Tribune- Patrick Ayash, a trader at Credit Suisse Group, rarely reads earnings estimates and just skims news about inflation. One thing he never misses: the daily weather report. Ayash, 31, is part of an army of mathematicians, hedge […]

Bloomberg- Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, has increased cash holdings to 95 percent of its assets as losses from U.S. subprime mortgagesspread. “This is not the time to take more risk,” […]

Independent- Two Bear Stearns hedge funds filed for bankruptcy protection, while investors in a third fund managed by the Wall Street bank were barred from withdrawing their money amid concerns that the credit crisis is spreading to other parts of […]

MSN MoneyCentral- The long-standing rule against hedge funds advertising is facing its first significant test, as the industry awaits a ruling on whether a hedge fund manager broke the law by e-mailing performance data in response to a query sent […]

FT Alphaville- Bitter disputes are developing behind the scenes in the hedge fund industry about the way funds are valuing some assets for their end-of-month performance reports – and these tensions could delay awaited performance reports on the net asset […]