Monthly Archives: September 2009
Cerberus dismisses talk of fund defaults
The Washingtom Post – Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default. Traders in London and Frankfurt were buzzing with talk […]
Bridgewater remains largest hedge fund firm, AR survey finds
MarketWatch – Soros Fund Management had $24 billion in assets at the start of July, up more than 14% from the end of 2008 and more than 41% from a year earlier. That made the firm the fifth-largest in the […]
Och-Ziff, Bain to Resume Performance Fees in 2010
Bloomberg – Och-Ziff Capital Management Group LLC and Bain Capital LLC plan to charge performance fees on hedge funds next year even if they fail to recoup their 2008 investment losses. Most hedge funds don’t levy the fees, usually 20 […]
Castle Hall Alternatives Publishes White Paper on Hedge Fund Operational Failures
West Palm Beach (HedgeCo.net) – Hedge fund operational due diligence provider, Castle Hall Alternatives, published its latest White Paper, ‘From Manhattan to Madoff: the Causes and Lessons of Hedge Fund Operational Failure.’ The Paper’s analysis and findings are based on […]
Mizuho Corp aims to boost size of CTA fund to $1 bln
Reuters – Japan’s Mizuho Corporate Bank said it aims to expand the size of a hedge fund managed by its U.S. unit eight times over to 100 billion yen ($1.1 billion) in five years by attracting money from domestic pension […]
Bad Boy of Hedge Funds
Forbes – Polygon’s Reade Griffith is a poster child for what’s wrong with the hedge fund industry these days. A year ago, Griffith, heading into a disastrous year where he wound up losing 48%, gated investors, barring them from yanking […]
EBay to sell Skype to private investors: report
Reuters – Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans. Andreessen Horowitz, […]
Citadel scraps plan to sell E-Trade stock
CNBC – Private equity firm Citadel Investment Group LLC said Monday that one of its affiliates has canceled a plan to sell a portion of its stake in retail brokerage firm E-Trade Financial Corp. Under a previously announced plan, Chicago-based […]
Funds of hedge funds fight back after Madoff
Reuters UK – The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected. Investors pulled […]
US takes row over EU hedge funds directive to Brussels
A delegation of American congressmen is flying into Brussels this week to dispel mounting trade tensions between the US and Europe over hedge funds. Worries centre on the European Commission’s directive on alternative investment fund managers. The hedge fund industry […]
London Mayor Fights for Hedge Fund Rights
The New York Times – London’s mayor, Boris Johnson, an advocate of protecting the city’s financial sector from over-regulation, will take the fight to protect Britain’s hedge fund and private equity industry to Brussels this Wednesday, The Daily Telegraph reported. […]
Harbinger Capital, SAC Capital and Crestwood Advisors add Industry Veterans
Hedgetracker – In this week’s hedge fund hire report, we look at firms that have recently added industry veterans to their teams. The investment firms covered in this report include: Harbinger Capital, SAC Capital Advisors and Crestwood Advisors. First off […]