Bloomberg – Hedge funds created to protect investors against market shocks in the wake of the biggest recession in seven decades are soaring as Europe’s intensifying debt crisis infects markets globally. Saba Capital Management LP’s $550 million so-called tail risk fund […]

Forbes – At a lunchtime keynote at Wednesday’s CNBC Institutional Investor Delivering Alpha conference, the founder of Pershing Square Capital detailed a trade on the Hong Kong dollar, which has been pegged to the dollar for decades and depreciating right […]

Bloomberg – Bruce Kovner, the billionaire co- founder of Caxton Associates LP, is retiring from the $10 billion hedge fund, ending a three-decade run during which he traded everything from soybeans to Japanese yen futures and returned twice as much […]

CNBC – The financial crisis of 2008 was a turning point for the hedge-fund industry. More than 200 funds went out of business, according to Hedge Fund Intelligence. And outflows of investor capital in 2008-2009, exceeding USD 70 billion, pressed […]

Reuters – Maverick Capital’s Lee Ainslie took a bath last month when his flagship hedge fund racked up a double-digit loss, pushing it solidly into the red for the year, said two people familiar with the results. A smaller more […]

Omaha Herald – Moving from managing a hedge fund to managing money for Warren Buffett might seem like a dream for a professional investor. But the switch carries a hefty price, Buffett said Tuesday, continuing his criticism of what he says […]

Cayman News Service – Following its review of the recent ‘Weavering’ case where a judge condemned the role of the directors in a hedge fund case and awarded millions of dollars of damage against them, the Cayman Islands Directors Association […]

Bloomberg – Washington Mutual Inc. failed for the second time to win approval for its plan to pay creditors more than $7 billion as a bankruptcy judge sided with opponents, including shareholders. U.S. Bankruptcy Judge Mary Walrath in Wilmington, Delaware, […]

Forbes – President Barack Obama’s plan to pay for his $447 billion jobs plan by ending the carried interest tax break sets up a massive battle with Wall Street’s Masters of the Universe, the hedge fund and private equity billionaires […]

CNBC – The financial crisis of 2008 was a turning point for the hedge fund industry. More than 200 funds went out of business, according to Hedge Fund Intelligence. And outflows of investor capital in 2008-2009, exceeding $70 billion, pressed […]

Bloomberg – Ted Weschler, the hedge-fund manager and marathoner, made money trading Bank of America Corp. stock and held the biggest stake of a bankrupt chemicals firm before being hired by Warren Buffett’s Berkshire Hathaway Inc. Weschler bought 2 million […]

Global Pensions – Three quarters of institutional investors are looking for greater liquidity in their hedge fund investments following the financial crisis, research by Preqin shows. A survey by the alternative asset analyst found funds with lock-up periods are now […]