HITC – FX Concepts, John Taylor’s once-$14 billion, currency-focused hedge fund firm, is shutting down its asset management business. Vice chairman Jonathan Clark confirmed CNBC.com’s report Monday that the firm is liquidating its hedge funds following years of poor performance […]

CNBC – Analyst Meredith Whitney, who rose to prominence for a prescient call on Citigroup’s mortgage troubles in the lead-up to the financial crisis, is launching a hedge fund, two sources familiar with the matter and regulatory filings said on […]

CNBC – FX Concepts, John Taylor’s currency-focused hedge fund firm, which once managed more than $14 billion, may soon shut. One of the 32-year-old firm’s last remaining large institutional investors, the San Francisco Employees’ Retirement System, voted to redeem its […]

FT – For hedge funds, with all due deference to Dickens, this is the best of times, and this is the worst of times. Never since the sector began to take on meaningful shape some two decades ago has its […]

FN – A super-cycle during the last decade, driven by high demand from China, created fertile ground for funds making big, directional bets. However, in more recent years clear trends have deserted the market and volatility has reduced, according to […]

Reuters – Funds run by billionaire investor John Paulson see Greece’s recapitalised banking sector as an attractive investment play on the country’s recovery after a deep six-year slump. Encouraged by Greece’s rising exports and a rebounding tourism sector, U.S. hedge […]

WSJ – A star mutual-fund manager is opening up his nascent hedge fund to institutional investors. Bruce Berkowitz , the 55-year-old president of Fairholme Capital Management LLC, launched the fund on Jan. 1 and it has grown to $140 million, […]

Bloomberg – In one of the few things Republicans and Democrats can agree on in North Carolina, the state is adding to its losing bets on hedge funds, private equity and real estate to pump up lagging returns at its […]

Reuters – Sweden-based hedge fund Density is to close after a poor performance, its manager told Reuters on Tuesday, as computer-driven funds struggle to cope with markets dominated by central bank money-printing. Density’s troubles reflect those of high-profile computer-driven (also […]

Bloomberg – Hedge funds have amassed the greatest share of the $1.2 trillion U.S. junk-bond market since the credit crisis, raising concern bets with borrowed cash will accelerate losses when the Federal Reserve stops printing record amounts of money. The funds, which typically […]

CNN – Fund managers are barely paying attention to the drama in Washington, because they say it’s impossible to make bets ahead of a debt resolution. And nearly every fund manager expects a resolution, even if it goes down to […]

WM – Star manager Bruce Berkowitz’s Fairholme Capital Management LLC is opening up its nine-month-old hedge fund to institutional investors, The Wall Street Journal reported on Sunday. Launched on Jan. 1 by Miami-based Fairholme, the Fairholme Partnership LP hedge fund […]