Monthly Archives: September 2010
Shorts and hedge funds, welcome to China!
CNN – A flurry of bad news this summer in the U.S. hedge fund industry, including the shuttering of big name funds like Stan Druckenmiller’s Duquesne Capital Management, led to more pessimistic predictions about the future of hedge funds. Amidst […]
Top Diamondback trader bolts fund to join Tudor
Reuters – Larry Petrella, a partner with Diamondback Capital Partners, is leaving the $4 billion hedge fund for a top job with Tudor Investment Corp, said people familiar with the two funds. Petrella will become director of U.S. equities for […]
Carlyle eying stake in hedge fund manager: report
Reuters – Private equity firm Carlyle Group CYL.UL may buy a stake in a hedge fund manager and is looking at raising two new debt funds as well as a $1 billion pool to buy small companies, Bloomberg said. One […]
Citadel Said to Consider Fee Cuts as Hedge Funds Seek Clients
Bloomberg – Citadel LLC is considering cutting fees on its two main funds as it attempts to attract clients during the worst climate for raising money in two decades, said two people with knowledge of the firm’s plans. The Kensington […]
Hedge Fund Index Confirmed to Finish Up 0.23% in August
New York (Hedge Co.net) – Final performance for the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) is confirmed up 0.23% in August and 2.46% YTD. “The Dow Jones Credit Suisse Hedge Fund Index rose 0.23% in August, with […]
People Moves: Hedgeye Names Gagliardi Managing Director of Energy
New York (HedgeCo.net) – Virtual hedge fund, Hedgeye Risk Management, has appointed industry veteran Louis Gagliardi as Managing Director of Energy. Gagliardi was noted in Robert Bryce’s book as being an “Analyst Who Thinks” and “the first time any major […]
Citadel opens in Boston, seeks hedge fund converts
Boston.com – Citadel Asset Management, the Chicago hedge fund giant, has opened a Boston office, where it’s hoping to seed a new generation of hedge fund managers. Citadel, with $11 billion under management, was founded by famous trader Kenneth Griffin, […]
Closer hedge fund surveillance backed
HK News – Greater transparency and closer surveillance in the hedge fund industry can help ensure a level playing field, better investor protection and reduce financial stability risk, Secretary for Financial Services & the Treasury Prof KC Chan says. Delivering […]
Some Hedge Funds Take a Hit on Yen Bets After Tokyo Intervenes to Curb Its Rise
WSJ – Japan’s move to weaken its currency dealt a blow to a group of fast-trading hedge funds that had been piling up profits betting on a stronger yen. Some of these investors dumped their yen holdings Wednesday, hoping to […]
Goldman Sachs Fund of Ex-Prop Traders Said to Return 3% in 2010
Bloomberg – Goldman Sachs Group Inc. proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, people briefed on the gain said. Goldman Sachs […]
Swiss hedge fund Arsago changes tack after exodus
Reuters – Embattled Swiss-based hedge funds manager Arsago Capital Management has set its sights on investment in Latin America after losing 80 percent of its assets and key staff in the wake of the credit crisis. Once regarded as a […]