Tag Archives: absolute-return


Investors force Wallace out

WA Today – Richard Wallace has been ousted from the hedge fund he founded after the listed asset manager made losing bets throughout the financial crisis. Mr Wallace, who is based in Sydney, will no longer manage the Australian-listed hedge fund for […]

Record Hedge Fund Closures in 2008 From Madoff, Other Losses

New York (HedgeCo.Net) – Over $84 billion worth of U.S. hedge funds shut down last year, compared to just $18.7 billion in 2007, according to the latest data published by Absolute Return Magazine, a unit of HedgeFund Intelligence.  More than […]

UK Pension Fund Takes a Chance on Hedge Funds

New York (HedgeCo.Net) – Although confidence in the hedge fund industry has taken a hit, a large and notable UK pension fund has begun to place their trust into alternative investments.  The West Midlands Local Authority Pension Fund, which manages […]

Bridgewater Tops List of Biggest U.S. Hedge Funds

Bloomberg – Ray Dalio’s Bridgewater Associates Inc. overtook JPMorgan Chase & Co. to become the biggest U.S. hedge-fund manager, even as the firm lost assets during the industry’s worst year, according to a survey. Bridgewater, based in Westport, Connecticut, managed […]

Why hedge funds might shine in 2009

Morningstar.ca – Hedge fund managers, once the swashbuckling frontiersmen of international finance and subject of fawning cocktail party banter, have quickly gone from hero to goat. As the global credit bubble burst with a vengeance in 2008, so too did […]

Delivery on ‘absolute’ promise is relative

Lexington Herald-Leader – When does "absolute" imply something that in reality is far less than certain? When it comes to "absolute return funds." That’s the label mutual fund companies have put on hedge fund-style products that they’ve been rolling out […]

Little is absolute about absolute return funds

Forbes – When does "absolute" imply something that in reality is far less than certain? When it comes to absolute return funds. That’s the label mutual fund companies have put on hedge fund-style products that they’ve been rolling out with […]

Limiting fund risk can by risky too

Seattle Times – With their investment records in tatters, some mutual-fund companies are pinning their hopes on products with an old-fashioned ambition: delivering steady returns. Many of these funds are doing just that, while others are falling short of the […]

Assets For Hedge-Fund Launches Fell In ’08

Absolute Return – Assets for new hedge-fund launches fell "significantly" in the U.S. last year as hedge funds had their worst-ever year of performance, according to hedge-fund magazine Absolute Return. "With these results, it’s no surprise that 2008 is being […]

Silvercreek latest hedge fund to feel sting of market downturn

Globe and Mail – The market meltdown has claimed another hedge fund, with Silvercreek Management into workout mode on a convertible bond fund that featured a who’s who of Canadian finance backers. Silvercreek oversees an estimated $300-million, and ran into […]

Hedge Fund Manager SVM Launches Long/Short Fund

West Palm Beach (HedgeCo.net) – Privately-owned investment management company, SVM Asset Management, is seeking approval from the Financial Services Authority for the launch of the long/short SVM UK Absolute Alpha Fund, which has a similar investment approach to their SVM […]

Hedge Fund Charities Pinched as Donors Ask Results Firms Miss

Bloomberg – Martin Ward, a teacher at a London experimental school called the Evelyn Grace Academy, is pitching Arpad Busson on a new idea for getting poor kids interested in science. The charity that Busson leads, Absolute Return for Kids, or […]