Tag Archives: medallion
A New Track for Private Equity
The major broker-dealers have been decimated, with only Morgan Stanley and Goldman Sachs remaining independent and solvent. There are daily fears of hedge funds facing the equivalent of a bank run, as investors scramble to withdraw their cash. Those private-equity […]
Perot’s Parkcentral Fund Closes as Credit Freezes
Bloomberg – Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it’s “no longer viable.” Parkcentral Global Hub Ltd.’s assets fell […]
UBP sees ‘unique’ opportunities in hedge fund segment
GENEVA (Reuters) – Union Bancaire Privee (UBP) aims to reinforce its presence in the hedge funds segment as rivals feel the pressure from the prolonged financial crisis, a senior bank official said on Tuesday. "Only the best will survive and […]
Hedge Funds Reduce Stock Holdings
Washington Post – Hedge funds cut stock holdings by almost two-thirds from a year ago, signaling that they are less willing to take risks amid tighter credit and almost $1 trillion in write-downs and losses, Goldman Sachs Group said. Net […]
Commodities lose diversification edge
Using commodities to hedge potential losses in stock markets has not worked lately, and the tighter link among assets these days means diversification benefits may not be as great as before. Hedge funds, pension funds, mutual funds and wealthy individuals […]
Ex-AIG exec under probe by U.S. prosecutors: report
Reuters – Former American International Group Inc executive Joseph Cassano is under investigation by U.S. prosecutors for possibly misleading auditors and investors about subprime mortgage-related losses, according to a Bloomberg report citing people familiar with the probe. The report said […]
Hedge Funds Have Another $200 Billion to go to Complete Their ‘De-leveraging’
Money Morning – Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could […]
Englander’s Millennium Funds May Lose $1 Billion to Withdrawals
Bloomberg – Millennium Partners LP, the $13.5 billion hedge-fund firm run by Israel Englander, plans to return $1 billion to investors who asked for their cash back by year-end, according to two people familiar with the matter. The redemptions, equal […]
Hedge Funds Reduce Stock Holdings
Washington Post – Hedge funds cut stock holdings by almost two-thirds from a year ago, signaling that they are less willing to take risks amid tighter credit and almost $1 trillion in write-downs and losses, Goldman Sachs Group said. Net […]
Funds’ Big Test: The Great Redemption Rush
BusinessWeek – The battering that U.S. stock indexes have taken since the financial crisis escalated in late September has largely been the result of forced selling by mutual and hedge funds in need of cash to meet rising redemptions as […]
Duff Puts Plans on Hold as Hedge Funds Suffer
New York Times Blogs – Duff Capital Advisors has recently laid off dozens of its employees and is holding off on its plans to raise as much as $1.5 billion just eight months after the hedge fund firm began business, […]
FACTBOX-Red flags at hedge funds that worry experts
Reuters – Forensic accountants, former prosecutors and private investigators list some potential red flags at hedge funds that might indicate irregularities and should make investors take notice and probe further. *Returns that seem too good to be true. If a […]
