Author Archives: the HedgeCo News Team
Hedge Fund Tracking: Barry Rosenstein’s Jana Partners
Seeking Alpha – Jana was recently ranked 79th in Alpha’s Hedge Fund Rankings. Jana was founded in 2001 and typically employs activist, market neutral, and long/short equity strategies in public equity markets. Rosenstein received his B.S. from Lehigh University and […]
Fund manager found dead after Madoff losses
Times Online – A French investment manager who entrusted $2.1 billion (£1.42 billion) with Bernard Madoff was found dead in New York yesterday. Thierry de la Villehuchet is thought to have committed suicide. He was found early yesterday morning in […]
Tontine Capital to Start New Hedge Fund After Losses
Bloomberg – Jeffrey Gendell, whose investment firm Tontine Associates LLC is liquidating two hedge funds after losses of more than 60 percent this year, plans to start a new fund in February. The Tontine Total Return Fund will invest in […]
More Investors Sue Hedge Funds for Ties to Madoff
New York (HedgeCo.Net) – Investors in the hedge fund Fairfield Greenwich Group have sued the company after about $7.5 billion in potential losses stemming from ties to Bernard Madoff. The investors claimed that Fairfield sustained “avoidable losses,” by not practicing […]
Clinton Foundation Got Big Lift From Hedge Funds
New York Times Blogs – Bill Clinton has plenty of friends in high finance. Lifting a longstanding cloak of secrecy, the former president last week released a complete list of about 208,000 donors to his foundation as part of an […]
Magnetar Said to Limit Fund Withdrawals After Losses
Bloomberg – Magnetar Capital LLC, the $8 billion hedge-fund firm co-run by former Citadel Investment Group LLC trader Alec Litowitz, limited withdrawals from its biggest fund after it lost 30 percent this year through November, according to two people familiar […]
Hedge funds can now borrow from Fed
FierceFinance – The government is committed to keeping the wheels of consumer credit greased. To that end, it has launched a $200 billion effort to support the market for consumer receivables. The Fed announced it will "offer low-cost three-year funding […]
Wall Street slips on earnings risks
The Australian – US stocks fell as another drop in oil prices and a warning from Toyota Motor underscored the unsparing nature of the slowdown. Toyota forecast an operating loss for the current year, the first in the car maker’s […]