FT – John Paulson made his fortune by taking a massive short position against the US housing bubble. Today the hedge fund billionaire is betting that the US political system will fail. This time he has company. Other billionaires have […]

CalPERS portfolio managers have begun cutting the system’s $5.3 billion hedge fund allocation in half, signaling a shift away from the asset class for the nation’s largest defined benefit plan, say multiple sources familiar with the pension plan’s operations. The […]

FN – Of the UK’s two oldest universities, it was Cambridge that set the trend towards a more sophisticated approach to managing its endowment – it hired Nick Cavalla from Man Group as its first chief investment officer in 2007, […]

Reuters – Singapore-based asset manager Dymon Asia Capital has received commitment worth $500 million from Temasek Holdings to jointly invest in hedge funds, Dymon said in a statement on Monday. The first investment from the venture will be in Port […]

HuffPo – There’s a battle royale raging in Chicago. It pits hedge funds, the Chicago financial exchanges, real estate interests and Mayor Rahm Emanuel on the one side, against public employee unions and community groups on the other. At issue […]

Vanity Fair – A new ranking of the Top 50 hedge fund managers of 2013 features exactly zero women, but it does feature 25 men who raked in $21.15 billion in compensation. That’s a 50 percent increase over 2012, and […]

Reuters – Carl Icahn’s son, Brett Icahn, and David Schechter are launching a hedge fund management company that will take money from outside investors, according to The Wall Street Journal, which cited people familiar with the plan. The younger Icahn […]

Risk.Net – Age appears to play a greater factor in relative performance than size. Young funds posted the highest cumulative returns since 2003 and during the past five years have also outperformed middle-aged and tenured funds. Young funds may outperform […]

Reuters – UK independent fund manager City Financial said on Thursday it had launched a new Asian hedge fund, the Counterpoint Asian Macro Fund, with more than $120 million in assets. City said in a statement that the fund launch […]

FT – When a hedge fund manager makes a paper profit of $1bn in a single day, it attracts attention. Bill Ackman’s 9.7 per cent stake in Allergan, the maker of Botox injections, rose by that much last month when he revealed […]

Bloomberg – Blackstone Group LP (BX), the largest U.S. landlord of single-family homes, is working with Deutsche Bank AG to sell $1 billion of securities tied to its properties, about twice the size of previous offerings, according to a person […]

NYT – Alibaba Group Holding Ltd. lifted the curtain on its plans to go public. The Chinese online-shopping behemoth, founded in Jack Ma’s apartment 15 years ago, filed paperwork for its hotly anticipated initial public offering Tuesday, a step toward […]