Yearly Archives: 2008
Survey Shows Nearly 75% of Single Family Offices Invest in Hedge Funds, With Plans to Increase
West Palm Beach (HedgeCo.net) – The alternative investment sector will continue to benefit from increasing asset allocations from Single Family Offices (SFOs), according to "On the Rise," the latest research report sponsored by CPA firm Rothstein Kass. The white paper, […]
Hedge Fund Woes: Troubles at Citadel, Highland
CNBC – Ongoing hedge fund losses and liquidations spooked markets Wednesday, and some of the biggest names in the mix now are Citadel Investments and Highland. Hedge funds had their worst month ever in September, with average losses of 6.2 […]
U.S. funds urge freeing of Lehman assets
Reuters – A U.S.-based trade group for hedge funds has urged the Bank of England to step in and speed up the freeing up of assets frozen in the collapse of Lehman Brothers Holdings Inc, saying it has become "an […]
SEC to Make Hedge Funds Report Short Sales Until 2009
Bloomberg – The U.S. Securities and Exchange Commission extended a rule forcing hedge funds to tell the agency about short-sale positions amid concerns investors bet against companies after spreading false rumors they will fail. Investment managers who oversee more than […]
Endologix says gets unsolicited bid from hedge fund
Reuters – Endologix Inc said it received an unsolicited takeover bid from hedge fund Elliott Associates LP for $2.25 a share, 18 percent higher than the stock’s Wednesday closing price. The company, which develops and manufactures minimally invasive treatments for […]
Citadel Hedge Fund Down for the Year
New York (HedgeCo.Net) – The largest hedge fund run by Citadel Investment Group has fallen 30 percent this year stemming from losses tied to convertible bonds. The $10 billion Kensington Global Strategies Fund has been hit hard by the credit […]
Harbinger Hedge May Be Looking to Rev Up Leap Management
New York (HedgeCo.Net) – Activist hedge fund Harbinger Capital might be looking to make some strategic changes to another management team. They are expected to hold talks with Leap Wireless International, in which they hold a substantial 14.8 percent stake […]
Artradis AB2 Fund Said to Profit During Market Rout
Bloomberg – The Artradis AB2 fund, run by Singapore’s biggest hedge-fund firm, gained 4.96 percent in September, when Asian equities had their worst month in 18 years, two people with knowledge of its performance said. The $2.2 billion hedge fund, […]
Funds of Hedge Funds: ‘A Diminishing Slice Of a Growing Pie’
Seeking Alpha – As the Wall Street Journal pointed out earlier this week, “It may be premature to write the epitaph for funds of hedge funds”. Maybe so, but with predictions for redemptions running in the high teens for this […]
Epic Software turns down hedge fund buyout offer
Forbes – Business software company Epicor Software Corp. said Monday it will not pursue a $566 million buyout offer from shareholder Elliott Associates LP. Hedge funds Elliott Associates and Elliott International LP offered to buy Epicor Oct. 1 for $9.50 […]
BBVA unit says clients slash hedge fund exposure
Reuters – Clients of Spain’s BBVA Patrimonios have cut hedge fund exposure by more than two-thirds over the past year after disappointing returns, says its chief investment officer, who believes the industry is in meltdown. "Appetite for hedge funds has […]