Tag Archives: 100-million
Look for Market to Soar When Hedge Funds Stop Selling
Seeking Alpha – A report making the rounds today detailed managers’ Form 13-F filings. This report shows what managers own. Their holdings of U.S. stocks by and large plummeted. The decline in the size of the positions could be from […]
Even Healthy Hedge Funds Face Redemptions
Seeking Alpha – It’s a tough world out there – I saw in the Wall Street Journal the average hedge fund lost 18% in October. Considering what their mandate is i.e. hedge – that is amazing. September was awful as […]
Ex-Intel techie accused of $1 bn theft
Economic Times – A former Intel Corp engineer has been charged with stealing trade secrets worth $1 billion from the chip maker while he worked for Advanced Micro Devices Inc. Federal prosecutors in Massachusetts alleged this week in a five-count […]
Blue Mountain Hedge Fund Latest to Freeze Redemptions
New York (HedgeCo.Net) – Following in the footsteps of other large hedge funds trying to weather the credit crunch, Blue Mountain Capital Management has suspended withdraws on its $3.1 billion fund. The Blue Mountain Credit Alternatives Fund lost a little […]
Goldman Fund Loses Nearly $1 Billion in 9 Months
CNBC – A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times. The fund, known as Goldman Sachs Investment Partners, has told investors […]
Blue Mountain freezes fund in face of withdrawals
Reuters – Blue Mountain Capital Management LLC has temporarily halted redemptions at its largest hedge fund after clients asked to withdraw money despite its "distinguished" performance, according to a letter to its investors. New York and London-based Blue Mountain said […]
Search Is on for Iceland-Like Hedge Fund in Asia
Bloomberg – It used to be that we searched for economic icebergs in Asia. Now we are on the lookout for Icelands. Last week, Iceland became the first developed economy to seek aid from the International Monetary Fund since 1976. […]
Citadel Shifts Capital, Will Focus on Seeding
New York (HedgeCo.Net) – Citadel Investment Group announced yesterday it will shut down its $1 billion fund of hedge funds portfolio and use the capital to invest in other businesses. The Fusion fund was launched a year and a half […]
Lehman to sell stake in R3 hedge fund
Reuters – Lehman Brothers Holdings Inc agreed on Wednesday to sell its 45 percent stake in hedge fund R3 Capital Partners for $250 million in cash and a $250 million investment in another fund managed by R3. Lehman, which filed […]
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 […]
Pickens hedge fund has lost more than $1 billion
Houston Chronicle – Boone Pickens, the billionaire founder of BP Capital LLC, said 15 percent of his hedge funds’ holders have asked for the option to withdraw their money after he lost more than $1 billion in energy trades this […]
Man Group funds hit by market turbulence
Reuters UK – British listed hedge fund manager Man Group Plc said on Monday first-half sales rose by about 25 percent to $10 billion, but its shares fell as market turbulence hit its funds under management. Funds under management fell […]
