Tag Archives: medallion
Deadline nears for investors to redeem hedge fund shares
USA Today – It is last call for investors to ask for their money back from poorly performing hedge funds. Whether that is a bullish or bearish sign for battered stocks is anyone’s guess. Wall Street hopes the passing of […]
Ritchie Funds Sued by Barclays Over Hidden Petters Group Stake
Bloomberg – Ritchie Capital Management and Thane Ritchie, the hedge fund manager’s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates. Now […]
JO Hambro Shuts Hedge Fund After VW-Porsche Trade
Bloomberg – JO Hambro Capital Management Ltd., which oversees about $3.5 billion of assets, will close one of its two hedge funds partly because a bet against Volkswagen AG shares backfired, people familiar with the situation said. The $240 million […]
Better Breed Of Hedge Funds To Emerge
As hedge fund titans face an intense grilling by congressional committees and thousands of hedge funds around the world close their doors, perhaps it is time to consider a new approach. A hedge fund structure offers investors many advantages such […]
John Paulson Buys Mortgage Bonds as Hedge Fund Losses Widen
Bloomberg – Money manager John Paulson has started buying beaten-up mortgage bonds as hedge funds stumbled for a fifth straight month. Paulson, 52, is purchasing debt backed by home loans after generating sixfold returns last year with help from bets […]
Glitzy Greenwich feels hedge fund pain
Reuters – As many hedge funds suffer big losses and anxious investors yank out their money, the town synonymous with the riches of their recent glory is now hurting. In Greenwich, Connecticut, the luxury car dealers are quiet, the prices […]
Hedge Funds May Fall to $1 Trillion by Mid-2009, Citigroup Says
Bloomberg – Hedge-fund assets may fall to about $1 trillion by the middle of next year, a decline of almost 50 percent from their peak in June, because of market losses and client withdrawals, Citigroup Inc. said in a report. […]
CDS protection buyers on Lehman to get their cash
Reuters – Investors who bought protection against a Lehman Brothers default in the credit default swaps market have little to worry about getting paid on Tuesday, when an estimated $8 billion in cash payments on Lehman CDS come due. While […]
US hedge funds anxious as redemption deadline looms
Reuters – Anxiety is sweeping the hedge fund industry before a crucial deadline on Saturday, when investors angered by recent heavy losses are expected to demand the return of billions of dollars. "Managers have a pretty good feeling for what […]
Nov. 15 Redemptions Could Overwhelm Unprepared Hedge Funds
Financial-Planning.com – The fate of many a hedge fund relies on what investors decide to do with their money on Nov. 15, when it is possible an overwhelming majority could ask for their money back by the end of the […]
Hedge fund assets fell $151b
Straits Times – Hedge fund assets fell by US$100 billion (S$151 billion) in October as investors withdrew their money and funds were forced to sell stock, exacerbating the severe volatility that pounded global markets during the month. About US$60 billion […]
Brazil Hedge Funds See Record Outflows Even as They Beat Market
Bloomberg – Brazilian hedge funds saw a record 14.3 billion reais ($6.7 billion) in withdrawals last month after returns trailed a fixed-income benchmark even while defying a 25 percent plunge in the Bovespa stock index. The redemptions brought total outflows […]
