Monthly Archives: April 2011
Many Hedge Funds Still Smarting From the Financial Crisis
Deal Book – Last year, Kenneth C. Griffin, the founder of the hedge fund giant the Citadel Group, celebrated his second year of double-digit gains. But despite strong performance, Mr. Griffin has not climbed back from the losses endured during […]
Hedge funds gain in March as markets brush off quake
CTpost – Hedge funds climbed 0.4 percent in March to the highest level in more than two years as financial markets brushed off Japan’s strongest earthquake on record and some managers bought stocks after the initial selloff. The Bloomberg aggregate hedge-fund […]
RAB Capital hedge fund swamped by customers demanding their money back
Guardian – One of the UK’s most high-profile hedge funds – which included steel tycoon Lakshmi Mittal among its investors – has been overcome by clients demanding their money back, three years after damaging losses forced it to halt withdrawals from its […]
Fortress’s New Asia Macro Hedge Fund Gains 3.5% Under Levinson
Bloomberg – Fortress Investment Group LLC, the buyout and hedge-fund firm run by Daniel Mudd, said its Asia- focused macro fund rose 3.5 percent in March, even as uprisings in the Middle East and Japan’s worst earthquake roiled markets. The […]
News Roundup: FBI Testifies Against Hedge Fund Founder
New York (HedgeCo.net) – Hedge fund manager Raj Rajaratnam is charged with 14 counts of conspiracy and securities fraud. He is accused of making $45 million in illicit profits between 2003 and March 2009 on leaked stock tips from highly […]
Tiger’s Robertson is back with new seeding fund
Reuters – Hedge fund industry legend Julian Robertson is offering outsiders a chance to invest alongside him for the first time in more than a decade through a new seeding fund, two people familiar with the matter said. The new […]
Eze Castle Integration Announces Month-Long “Launching a Hedge Fund” Educational Series
San Fransisco Chronicle – Eze Castle Integration, Inc., a leading provider of IT services, technology and consulting to hedge funds and investment firms, today announced it will host a series of live and virtual events throughout April 2011 to share […]
Massachusetts Pension Cuts Middleman in Hedge Fund Investments
Bloomberg – The Massachusetts state pension fund, which oversees $49.5 billion of assets, will begin bypassing middlemen by directly investing as much as $500 million in hedge funds. The board that oversees the fund, known as the Massachusetts Pensions Reserves […]
Einhorn’s Greenlight Capital down 3.4 pct in first qtr
Reuters – Hedge fund manager David Einhorn’s Greenlight Capital dramatically underperformed U.S. equity markets in the first quarter, dropping 3.4 percent net of all fees and expenses, according to a posting on its affiliate’s website on Monday. According to Greenlight […]
Court Hears Chiesi Express Gratitude, Complement Rajaratnam for ‘Conquest’
CNBC – Former hedge fund consultant Danielle Chiesi, who has pleaded guilty to conspiracy and securities fraud in the Galleon insider trading case, is heard in a newly released audio recording telling her alleged co-conspirator Raj Rajaratnam that their activity […]
Some Hedge Funds Prosper In March; Loeb Scores With CVR Energy, Statoil Fuel
Barron’s – Earthquakes and tsunami in Japan and continuing unrest in the Middle East and North Africa turned March into a difficult month for hedge fund managers. Hedge fund indexes tracked by Bank of America (BAC) Merrill Lynch lost 0.91% […]
GlobeOp indexes to shed light on hedge fund flows
Reuters – GlobeOp Financial Services is launching two new indexes tracking capital flows of a tenth of the world’s hedge funds, putting one of the most opaque segments of the asset management industry under the microscope. GlobeOp will publish monthly reports […]