Tag Archives: nine-months

AIG Gains From Hedge Fund Rebound After $2 Billion of Losses

Bloomberg – American International Group Inc., the insurer bailed out by the U.S., benefited from hedge funds for the first time in a year as the company returned to profitability in the second quarter. AIG earned $121 million from hedge […]

Hedge Fund Manager Sells London FoHF

West Palm Beach (HedgeCo.net) – Hedge fund manager Integrated Asset Management plc has sold the majority of one of its London fund of hedge funds business to a subsidiary of Sal. Oppenheim jr & Cie S.C.A, for approximately €3.5 million […]

Charity sues Highland Capital for more than $1.8 million

Dallas Morning News – An Amarillo charitable foundation is suing Dallas-based Highland Capital Management LP to recover more than $1.8 million from a Highland hedge fund that was shut down in October after heavy losses. The Mary E. Bivins Foundation, […]

Polar Capital managed assets fall 22 percent

International Herald Tribune – Fund manager Polar Capital Holdings said on Friday that assets under management in the nine months to December fell by 22 percent to $2.45 billion (1.65 billion pounds), due to market deterioration. The fund manager, which runs […]

Burning hedges blow smoke on Busson

The Australian – ARPAD Busson is angry. He has just looked at the returns of a hedge fund he used to invest in and they’re down more than 60 per cent in the past nine months. "That a-hole!" Busson says […]

Uma Thurman No Help to Arpad Busson in Madoff Fraud’s Nightmare

Bloomberg –  Arpad Busson is angry. He’s just looked at the latest returns of a hedge fund he used to invest in; it’s down more than 60 percent in the past nine months. “That a-hole!” Busson says of the New […]

Hedge funds look to sublease office space

Greenwich Time – Some hedge funds in the region are looking to sublease their office space as they downsize or shut down in the lagging economy. John Goodkind, managing principal of Greenwich-based commercial real estate firm Newmark Knight Frank, said […]

Hedge Funds Changing Investment Tack

Seeking Alpha – Sailors out there will know that boats can sail down with the wind – like a leaf being blown across the water – or into the wind at an angle, zigzagging back and forth along the way.  Sailing downwind is easier […]