Tag Archives: withdrawals


Man Group shares jump as payout is maintained

Marketwatch – Shares in hedge fund manager Man Group jumped around 11% Thursday after the firm maintained its dividend payout and launched a new investment management business. The firm said it expects adjusted pretax profit for the year ending March […]

Hedge Fund Assets to Fall 11% in 2009, Study Says

Bloomberg – The global hedge fund industry may shrink by 11 percent this year as funds liquidate and investor withdrawals persist, a Deutsche Bank AG survey said. Industry assets may fall to $1.33 trillion by December, according to 68 percent […]

Falcone Starts Fund as Harbinger Client Money Remains Locked Up

Bloomberg – Philip Falcone, who runs the $7 billion Harbinger Capital Partners LLC, is starting a hedge fund that draws on his background in distressed securities, even as investors are locked into his biggest fund. The Credit Distressed Blue Line […]

Yen Swap Spreads Near Record as Hedge Funds Stay Away, RBS Says

Bloomberg – Japan’s attempts to end financial turmoil failed to lure hedge funds back to its swap markets, leaving premiums paid by domestic borrowers near a record, RBS Securities Japan Ltd. said. Hedge funds, which lost more than $400 billion […]

Hedge Funds May Cut 20,000 Jobs as Losses Erode Fees

Hedge funds may cut 20,000 workers worldwide this year, a record 14 percent of the industry’s jobs, as investment losses and client withdrawals erode fees. The dismissals will come on top of the 10,000 jobs that disappeared last year at […]

Bridgewater Tops List of Biggest U.S. Hedge Funds

Bloomberg – Ray Dalio’s Bridgewater Associates Inc. overtook JPMorgan Chase & Co. to become the biggest U.S. hedge-fund manager, even as the firm lost assets during the industry’s worst year, according to a survey. Bridgewater, based in Westport, Connecticut, managed […]

Hedge fund head says times right for global macro

Reuters – In a period when volatile markets battered most hedge funds, global macro funds are proving their worth, Graham Capital Chairman Kenneth Tropin told Reuters. During one of the hedge fund industry’s worst years, Graham delivered gains of up […]

Small New Star Funds Extinguished

Financial Times – New Star has closed two of its hedge funds after withdrawals of the crisis-hit fund manager’s internal capital left them too small to survive. The manager has shut its three-year-old Firefly fund after Harry Tyser, its manager, […]

Citadel Hedge Fund Manager to Step Down

New York (HedgeCo.Net) – Misha Malyshev, a trader for Citadel Investment Group who headed two of the firm’s hedge funds, has resigned according to a report by Bloomberg News. Malyshev seemingly had a successful run with Citadel, working for the […]

Hedge-Fund Firms Pressed to Consolidate After Losses Erode Fees

Bloomberg – Mohammed Syed has spent the past seven years scouting out the best hedge-fund investments for clients of his Axiom Fund Manager Ltd. Now, he’s seeking to expand the $100 million he oversees by acquiring rivals. “I am looking […]

Santander Bank Struggles to Meet Redemptions, Seeks to Halt Withdrawals

New York (HedgeCo.Net) – Spanish bank Santander is seeking to freeze redemptions after stating on Monday that they currently lack the liquidity to meet the rising demands for withdrawals.  Investors in the bank’s flagsihip real-estate fund, the Santander Banif Inmobiliario […]

Clarke loses hedge fund job as credit crunch hits politicians

guardian.co.uk – The shadow business secretary, Kenneth Clarke, has become the latest victim of the credit crunch after losing his job on the board of a hedge fund, the Guardian has learned. Clarke, who was parachuted back on to the […]