Yearly Archives: 2008
Och-Ziff founder earns $484.8m after flotation
The Telegraph – Hedge fund manager Daniel Och took home $484.8m (£242.4m) last year, largely as a result of the successful flotation of Och-Ziff Capital Management Group. The amount earned highlights the continued success of Mr Och, a former Goldman […]
Inside Citi, a Hedge-Fund Push Blows Up
Wall Street Journal- When Citigroup Inc. was launching a pair of hedge funds last year, it didn’t have to look far for investors. Brokers at the firm’s Smith Barney unit drummed up hundreds of millions of dollars from retail clients, […]
Job cuts at Meriwether hedge fund
Times Online- Troubled hedge fund JWM Partners, founded by John Meriwether has made more than 10 people redundant. Several staff have gone from its London office, which employs 17 people, and up to ten at its New York base. Two […]
Hedge Fund Women
Forbes- "I love risk," says Renee Haugerud. Those aren’t idle words. The 52-year-old launched her own commodity-based global macro fund a decade ago with only $5 million in assets and transformed it into a $1.3 billion heavyweight with outsized returns. […]
Hedge funds to allow more redemptions
FierceFinance- The likelihood that hedge funds would clamp down on redemptions went way in the past year; I can’t think of a better way to piss off your customers. Of course in some cases, hedge fund managers have no choice. […]
Know limitations of hedge, private equity funds
The Olympian- Both hedge funds and private equity funds are pooled investment vehicles designed to serve high- net-worth and institutional investors. Hedge funds, which may be concentrated portfolios of both private and public securities, can invest borrowed assets. They may […]
Former JPMorgan China fund manager raises $43 million
Reuters – Lu Jun, former chief investment officer of JPMorgan’s China fund venture, has raised 300 million yuan ($43 million) for his fund targeting the domestic stock market, which he believes has bottomed barring another spike in inflation. It is […]
SkyBridge Capital Makes Strategic Investment in Capital Returns Master
Forbes.com – SkyBridge Capital, LLC, which provides strategic capital to new and early-stage hedge funds, and Capital Returns Master, Ltd., a global long/short equity hedge fund focused on the insurance industry, today jointly announced that SkyBridge Capital has invested in […]
Meriwether’s troubled hedge fund offers early exit
New York Post – Following months of steadily declining returns in his hedge fund, John Meriwether is offering some investors an early out. Investors of the JMW Global Macro fund, the smaller of the two funds managed by Meriwether’s JMW […]
Galleon Plans Asian Macro Hedge Fund as It Expands in Singapore
Bloomberg – Galleon Group, the $7.5 billion hedge-fun firm founded by Sri Lankan-born Raj Rajaratnam, plans to set up an Asian portfolio that will trade bonds, interest rates and currencies by betting on macroeconomic trends. The macro fund will start […]
Buffett to help finance Mars/Wrigley deal
West Palm Bdeach (HedgeCo.Net) – The world’s largest chocolate seller Mars Inc. is finalizing a deal to purchase gum giant Wrigley Jr. Co., for a price tag of about $23 billion. Warren Buffett will provide $4.4 billion of subordinated debt […]
Media-shy hedge fund star Coffey set for own firm
Reuters – Greg Coffey, one of the hedge fund industry’s top performers with a pay packet to match, looks set to start his own hedge fund firm when he leaves GLG Partners in October. Coffey, who finally resigned last week […]