Tag Archives: chief-executive
Gradient close to collapse as hedge funds feel heat
Telegraph.co.uk – The City-based European equity fund, which had $2.5bn under management at its peak, is now down over 63pc so far this year, leaving investors fearful it will be forced to close. The “blow-up” is a mighty fall for […]
Citadel Hedge Fund Down for the Year
New York (HedgeCo.Net) – The largest hedge fund run by Citadel Investment Group has fallen 30 percent this year stemming from losses tied to convertible bonds. The $10 billion Kensington Global Strategies Fund has been hit hard by the credit […]
Hedge Fund Performance for the Third-Quarter Lowest Since 2003
West Palm Beach (HedgeCo.net) – Morningstar, Inc. reported that hedge funds reported the worst losses in the Morningstar Hedge Fund Index’s history, which began in January 2003. In September, the Morningstar 1000 Hedge Fund index dropped 7.87%, more than double […]
Russian Trader Looses $50 Million In Risky Trades
West Palm Beach (HedgeCo.net) – Moscow’s The Statesman reports that a Russian rogue trader lost his investment bank up to $50 million in risky trades that went wrong in the financial crisis, the Vedomosti business daily reported today. Quoting unnamed […]
Funds 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 the high teens for this […]
Basel Also Keeping an Eye On Hedge Fund Leverage
AllAboutAlpha.com – The Bank for International Settlements in Basel, Switzerland was probably abuzz last week watching history unfold before its eyes. After all, one of the lynchpins of the organization’s Basel II Accord was the requirement for banks to mark-to-market […]
History and the Really Very Weird
New York Times – Back when he was vice president, Dan Quayle noted that: “People that are really very weird can get into sensitive positions and have tremendous impact on history.” He was right, as the Germans know, even if […]
Anglo-Saxon hedge funds shorting on Madrid falls
Telegraph.co.uk – EU data shows that Philip Falcone, the US hedge fund baron who led the assault on HBOS, has sold short €138m (£108m) of Banco Popular’s shares, or 1.65pc of the total float, through his fund Harbinger Capital. He […]
Hedge funds Collateral damage
Economist – Hedge funds are supposed to hedge. This year, they haven’t. The fund-weighted composite index compiled by Hedge Fund Research, a firm that tracks the industry, fell by 4.7% in September, the second-worst month on record. Since the start […]
Loss of hedge funds predicted
Cay Compass – Turmoil caused by the US financial meltdown will likely effect Cayman’s hedge fund industry. Leader of Government Business Kurt Tibbetts acknowledged at the Cabinet press briefing Friday that Cayman’s economy “does not operate in isolation and that […]
Asia plunges futher into financial chaos
Telegraph.co.uk – A move by US and European central banks, as well as by central banks in China, Taiwan, Hong Kong, Australia and South Korea, to slash borrowing costs has failed to reassure investors. "It’s impossible to predict the bottom, […]
