Yearly Archives: 2008
Base metals hit hard as hedge funds unwind
The Australian – CMC Markets senior dealer Matthew Lewis said base metals were hammered in New York and London overnight on Wednesday as hedge funds liquidated their holdings. "There is growing concern about the slowing of global growth and the […]
Hedge Funds Learn To Say ‘Sorry’
Forbes – It’s hard to fathom. But as lousy returns start pouring in, managers of some of the most successful hedge funds in recent years are apologizing for their dismal showing. "The last quarter has been abysmal," wrote TPG-Axon Capital Manager […]
Hedge Funds At Risk
Forbes – The hedge fund sector has to date weathered market volitality better than the banking sector, since no large bellwether hedge fund has yet gone bankrupt. Nonetheless, hedge funds are expecting a wave of redemptions, as investors move to […]
Doubts Increase on Korea Hedge Fund Deregulation
BusinessWeek – Some participants in South Korea’s nascent alternative-investment market have grown pessimistic over the ability of incoming legislation to support the development of an onshore hedge funds industry. The Capital Markets Consolidation Act will become effective in February. It […]
Hedge funds Collateral damage
Economist – Hedge funds are supposed to hedge. This year, they haven’t. The fund-weighted composite index compiled by Hedge Fund Research, a firm that tracks the industry, fell by 4.7% in September, the second-worst month on record. Since the start […]
Wild markets bring turmoil to hedge funds
Boston Globe – Hedge funds usually thrive when markets turn volatile. But even these fast-money investors are struggling to cope with the wild swings in the markets, raising concern that some may not survive. Even before the Bush administration proposed its […]
When to Fire Your Fund Manager
CNBC – Given the troubles in the market, we’re all worried about losing a chunk of our savings, whether it’s wrapped up in mutual funds, hedge funds or individual stocks. But how do you know when to bail on your […]
Citigroup, Wells Fargo Battle for Wachovia Continues
New York (HedgeCo.Net) – The tug of war over Wachovia continued yesterday, as Citigroup and Wells Fargo tried to reach an agreement over the future of the Charlotte-based bank. According to transcripts from a teleconference held between U.S. District Judge […]
Delphi judge moves ahead in Appaloosa fraud case
Vindicator – A bankruptcy judge said Wednesday he may let Delphi pursue wider fraud claims against the Appaloosa Management hedge fund, which backed out of a deal to invest $2.55 billion in the auto supplier. Appaloosa had led a group […]
Hedge Funds Outperform Equity in September
West Palm Beach (HedgeCo.net) – Hedge funds measured by both the Greenwich Global Hedge Fund Index ("GGHFI") and the Greenwich Composite Investable Index ("GI2") significantly outperformed equity indices despite posting their greatest losses since August 1998 during September. "It was […]
Hedge funds bolster self-regulation drive
Reuters – The Hedge Fund Standards Board, the body set up to develop voluntary standards in the industry, said on Wednesday it now represents about half of hedge fund assets in Europe. The announcement comes as hedge funds attempt to […]