Tag Archives: losses
A Hedge Fund Manager’s Crusade To Expose Losses
NPR News- The people who run hedge funds can be famously secretive about their work. Not David Einhorn. Einhorn founded Greenlight Capital, which manages about $6 billion in assets. He recently waged a very public battle against Lehman Brothers, claiming […]
Blackstone, GSO Capital Partners acquire stake in Crestwood Midstream Partners
RTT News- Pipeline company Crestwood Midstream Partners LLC said Wednesday that Blackstone Group and its hedge fund GSO Capital Partners L.P. have acquired ownership interests in the company. Houston, Texas-based Crestwood noted that as part of the deal, Blackstone and […]
Citigroup’s head of hedge fund services leaves
BusinessWeek- Citigroup Inc.’s head of hedge fund services is leaving the company, according to an internal company memo. Steve Bowman has worked at Citi, now the nation’s largest bank by assets, for 24 years in both the New York and […]
ICICI Ventures to list $1.5bn realty fund on London Stock Exchange
MSN India- ICICI Venture Fund Management is planning to list its $1.5 billion real estate fund on the London Stock Exchange (LSE). According to sources, the fund house will be providing the flexibility in the document to list the realty […]
Iraq Hedge Fund Up In May, Considers Soft Close
FINalternatives- Godvig Capital’s Iraq-focused Babylon Fund finished May up 2.7%, bringing its year-to-date gains to 5.2%. The fund’s portfolio included stakes in hotels, banks and breweries last month, according to portfolio manager Björn Englund, who said he has been solicited […]
Hedge fund chief warns of worse to come
Financial Times- A hedge fund manager who made some of the biggest profits from the global credit crisis said on Wednesday there was worse to come as evidence mounted that banks are struggling to regain their earnings power and properly […]
Citigroup to close Pandit founded hedge fund
Times Online- Citigroup is to close an $800 million hedge fund co-founded by its chief executive Vikram Pandit, following bad returns and the loss of top managers. The US investment bank will now buy what is left of Old Lane […]
Pensions Picking Dollars, Shorted by Hedge Funds
Bloomberg- Whenever pension funds, mutual funds and insurance companies decide they should own dollar assets that are out of favor with hedge funds, the hedge funds lose. Institutional investors bought more dollars than they’ve sold this year, according to State […]
Triple A to seed new S.Korea focused hedge fund
Reuters – Boutique alternative fund firm Triple A Partners said on Friday it was backing a new South Korea-focused hedge fund which it expects to launch on Sept. 1 with around $40 million in assets. Triple A, also known as […]
Road to hedge fund riches is rockier now
Reuters) – Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. "It is materially harder to start a hedge fund today than it was […]
