Tag Archives: third-party
Ramius To Wind Down Four Hedge Funds
New York (HedgeCo.Net) – New York City-based Ramius Capital will close four of its hedge funds that manage about $550 million in capital, the Wall Street Journal reports citing people familiar with the matter. The closing hedge funds are concentrated […]
Investors reject Centaurus restructure
FT Alphaville – Centaurus Capital is running down its flagship hedge fund after investors with the London activist failed to back an emergency restructuring. Centaurus, founded by former BNP Paribas traders Bernard Oppetit and Randy Freeman, will now repay the bulk of […]
Wall Street’s losses may be computer science’s gain
Computerworld Australia – The collapse of Wall Street may help make computer science and other IT careers attractive to students who abandoned those fields in droves after the dot-com bust of 2001. William Dally, chairman of the computer science department at […]
Why This Famous Raider Is Scooping Up Debt
Barron – In the 1980s, Carl Icahn loomed large as a corporate raider, in the mold of the Gordon Gekko character in the movie Wall Street. Icahn made a lot of money but was vilified for what some considered a […]
Exclusive Mutual Funds Reopen for Business
Time – Here’s one upside to a down market: a number of historically prominent mutual funds that long ago shut their doors to new investors are reopening. It’s been years since anyone without an existing account could put money into […]
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 […]
New Jersey drawing heat for hedge-fund foray
Washington Post – New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and […]
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 […]
Hedge losses spurred Caisse selloff
Globe and Mail – The Caisse de dépôt et placement du Québec, hammered by losses on international holdings, has been forced in recent weeks to sell billions of dollars of stocks into a falling market. A fund that began the […]
Summers Offers Big-Picture Advice to Hedge Fund
Wall Street Journal – In 2006, Lawrence Summers resigned as president of Harvard University and took a position as a part-time managing director with D.E. Shaw Group, a New York hedge fund with a reputation as one of the most […]
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 […]
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 […]
