Tag Archives: investors capital

Rajaratnam Out On Bail, Winds Down Hedge Funds In Letter to Clients

New York (HedgeCo.net) – In a letter first made public by Reuters today to Galleon employees and clients, Raj Rajaratnam, who has been released on bail, said “I have decided that it is now in the best interest of our […]

Hedge Fund Fees Remain Intact, Report Finds

New York Times – Investors who expected hedge funds to prune fees after a particularly disastrous showing in 2008 may be disappointed by a recent study. The Wall Street Journal reported that a study compiled by the French fund-of-hedge-funds firm […]

Pension fund fires 2 money managers

Boston Globe – The Massachusetts state pension fund fired two money managers yesterday for poor performance, including one that had lost $12 million investing with accused swindler Bernard L. Madoff. Austin Capital Management, which had managed $170 million in state […]