Federal Reserve investigated Lehman rumors
Reuters – The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing...
View ArticlePredictions for Hedge Funds
Wall Street Journal – Not long ago, hedge funds were reserved for a few wealthy investors and even fewer pioneering managers. Now 7,500 funds have nearly $2 trillion under management globally,...
View ArticleHedge Funds Take Huge Loss as Mood Swings
Financial-Planning.com – Many alternative asset managers, who brag about their ability to make money regardless of market conditions, posted their worst figures in years last month after worldwide...
View ArticleHedge Funds Help Fill Gap In Lending For Property
Wall Street Journal – Three months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City’s borough of Brooklyn. But he had a problem, one that has been plaguing many...
View ArticleHedge Funds Get Rattled As Investors Seek Exits
Wall Street Journal – With anxiety about hedge-fund woes gripping the market, funds have their own fear: their investors. Some investors, particularly what are known as "funds of funds," are demanding...
View ArticleHedge Funds’ Capital Idea: Fee Cuts
Wall Street Journal – In another sign of the changing power dynamics between hedge funds and their investors, funds are offering to cut fees if investors agree to stay put. Camulos Capital LP in a...
View ArticleWall Street Jounal Columnist Speaks at Hedge Fund Summit
West Palm Beach (HedgeCo.net) – Wall Street Journal columnist Gregory Zuckerman and Ely Razin, senior director of strategy, Westlaw Business, will deliver a luncheon presentation on "State of the Hedge...
View ArticleWhiteRock Says Markets May Be Rollercoastering but Recruitment is Accelerating
West Palm Beach (HedgeCo.net) – Recruiters at WhiteRock Group are seeing increased opportunity for job-seekers and hiring firms. The meltdown in sub-prime mortgages, and the ensuing credit crunch, has...
View ArticleDeutsche Borse Rejects Funds
Wall Street Journal – Deutsche Börse AG’s supervisory board reaffirmed the stock-exchange operator’s business model Friday, defying activist hedge funds that had been seeking a change in strategy after...
View ArticleHedge Fund Rebukes Republic Services
Wall Street Journal – Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73...
View ArticlePickens hedge fund has lost more than $1 billion
Houston Chronicle – Boone Pickens, the billionaire founder of BP Capital LLC, said 15 percent of his hedge funds’ holders have asked for the option to withdraw their money after he lost more than $1...
View ArticleOpening The Fed Lending Window To Hedge Funds
24/7 Wall St. – The idea of bailing out hedge funds or helping them in any way runs counter to the best instincts of most citizens, regulators, and law makers. The wealthy do not need a Good Samaritan....
View ArticleWhy hedge funds are crying
BBC – It may be a case of shutting the stable door after the thundering herd has bolted, but law and order is being brought to the wild wild west of global financial markets. G Brown will, for example,...
View ArticleFunds of Hedge Funds: ‘A Diminishing Slice Of a Growing Pie’
Seeking Alpha – As the Wall Street Journal pointed out earlier this week, “It may be premature to write the epitaph for funds of hedge funds”. Maybe so, but with predictions for redemptions running in...
View ArticleBankers take a billhook to the hedge funds
Times Online – Hedge fund managers are paranoid. And they are right to be. The other day I had lunch with a senior financial official whose view of hedge funds was simple. “They were a con. The returns...
View ArticleHedge Funds: Defensive In Tone, Aggressive In Strategy
Wall Street Journal Blogs – In an effort to forestall more redemptions and panic, hedge-fund managers preached “strong stomachs” and washed their hands of responsibility for losses in the latest round...
View ArticleCitadel To Launch New Funds, New Strategies
New York (HedgeCo.Net) – After a disappointing year, Citadel will launch several new hedge funds in hopes of countering the losses of their main hedge fund. The multi-strat $10 billion Kensington...
View ArticleCredit Crunch Rocks Bain, as Funds Fall Up to 50%
Wall Street Journal – Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups...
View ArticleCitadel hedge fund denies Fed probe
Business Day South Africa – Examiners with the US Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street...
View ArticleInvestors Flee Boone Pickens’ Hedge Fund: Report
CNBC – About half of the investors in T. Boone Pickens’ energy-oriented equity hedge fund have asked to withdraw their money on the heels of losses of about 60 percent this year, the Wall Street...
View ArticleEven Healthy Hedge Funds Face Redemptions
Seeking Alpha – It’s a tough world out there – I saw in the Wall Street Journal the average hedge fund lost 18% in October. Considering what their mandate is i.e. hedge – that is amazing. September was...
View ArticleCongress goes after hedge funds
BloggingStocks – Congress will bring in a bunch of big hedge fund managers like George Soros and ask them why they make so much money. It will also try to figure out if they control too much of the...
View ArticleIgnore the Stock Market Until February
Wall Street Journal – Down in the morning, up in the afternoon. Or is it the other way around? The topsy-turvy stock market is tough to read. In the last year, the Dow Jones Industrial Average has...
View ArticleHedge funds fume about CVC
The Australian – Hedge funds who invested in Channel Nine’s owner PBL Media are unhappy about a rescue package to refinance the group’s $4.3 billion in debt, The Asian Wall Street Journal has reported....
View ArticleHedge Funds Relunctant About PBL Media Refinancing
New York (HedgeCo.Net) – Private-equity firm CVC Asia Pacific, who owns 75 percent of PBL Media, is trying to prevent the company from defaulting on its $4.3 billion in debt, according to the Asian...
View ArticleSummers 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...
View ArticleRivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal...
View ArticleBlackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar...
View ArticleNew 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...
View ArticleRamius 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...
View ArticleRamius Capital to close four funds
Reuters – Ramius Capital, an activist hedge fund, is informing its investors that it will close four funds with a combined $550 million in assets, the Wall Street Journal said, citing people familiar...
View ArticleUPDATE 2-Thomas H. Lee mulls shrinking 2 funds
Reuters – Private equity investor Thomas H. Lee may shrink or shut down two funds that had $1.5 billion in assets after suffering losses of about 40 percent this year, the Wall Street Journal reported...
View ArticleLee Sustains Losses, May Shut Down Two Hedge Funds
New York (HedgeCo.Net) – Hedge fund investor Thomas H. Lee may downsize or shut the door to two of his funds after posting losses of about 40 percent this year, according to the Wall Street Journal....
View ArticleCitadel Hedge Funds Down, But Not Out
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal. This brings the hedge fund firm’s total losses...
View ArticleMerrill’s Thain seeking 2008 bonus of $10 million
Reuters – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting...
View ArticleU.S. hedge funds bleeding, one gone
SF Gate – There probably won’t be many tears for Larkspur’s Copper River Management LLC. The $1 billion hedge fund’s partiality to short selling earned it obloquy, lawsuits and, ultimately, death. No...
View ArticleSpielberg victim of alleged fraud
TheChronicleHerald.ca – The list of investors who say they were duped in one of Wall Street’s biggest Ponzi schemes is growing, snaring some of the world’s biggest banking institutions and hedge funds,...
View ArticleList of duped investors lengthens
Tacoma News Tribune – The list of investors who say they were duped in one of Wall Street’s biggest Ponzi schemes grew larger Monday, snaring some of the world’s biggest banking institutions and hedge...
View ArticleMerger-Arbitrage, Other Hedge Funds Hurt By Nixed BCE Deal
Wall Street Journal - If you thought the collapse of one of the biggest leveraged buyouts in history would be devastating for merger-arbitrage hedge funds, you’d be right. But pure merger arbitragers...
View ArticleIs a new bubble being formed?
European Voice – Europe may be laying the foundations for the next financial bubble, through its monetary, industrial and regulatory policies. In the midst of the worst crisis in half a century, it is...
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