Category Archives: Syndicated
World’s Largest Listed Hedge Fund’s Assets Fall
CNBC – Man Group , the world’s largest listed hedge fund firm, said funds under management are $47.7 billion, down 11 percent from end-December, as clients pulled out assets in the face of falling markets. The firm said net client […]
Pensions seen fuelling hedge fund industry growth
Reuters – Pension funds will likely funnel more money into hedge funds and become a powerful engine of growth for the industry in the coming months, a hedge fund industry veteran said on Wednesday. "We are finding that corporate pension […]
Feds offer hedge-fund deal, with strings
Denver Post – Hedge funds are being offered a deal to help the feds rescue the banking system: A low-risk opportunity to buy bad bank assets that could one day make them a killing. But the deal could make for […]
Man Group to Cut Jobs as Profit Falls, Assets Drop
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]
Treasury chief seeking power over hedge funds
Houston Chronicle – Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules. The Treasury chief will […]
Top Hedge Fund Managers Do Well in a Down Year
The Ledger – The financial crisis may have turned much of Wall Street’s wealth into dross, but a select group of hedge fund managers has managed to maintain a golden touch that might make King Midas blush. As major markets […]
Hedge-Fund Pay May Fall 25% in 2009 as Fees Evaporate
Bloomberg – Compensation for U.S. hedge-fund employees may drop as much as 25 percent this year as the firms try to recoup last year’s investment losses. The decline will cut hedge-fund paychecks to about half the record levels of 2007, […]
Big hedge funds’ golden era fading
Reuters – The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money with smaller players, said an industry veteran who is setting up his own fund. "I think the established […]
Hedge fund Bridgewater mulls US toxic asset plan
Reuters – Bridgewater Associates Inc, one of the world’s biggest hedge-fund managers, said on Tuesday it might be interested in participating in the U.S. Treasury’s public-private investment program, calling it a "big transfer of money from the government to the […]
Quotes from Private Equity, Hedge Funds
Reuters – Following are key quotes from the Reuters Hedge Funds and Private Equity Summit. Below are some quotes from the summit’s second day speakers. "Nothing much is actually happening. It will be tested over the course of the next […]
US fund manager challenges extradition from HK
The Associated Press – A Silicon Valley hedge fund manager wanted in the U.S. on charges he duped investors out of at least $5 million challenged his extradition from Hong Kong on Wednesday. Fund manager Albert Hu, an American citizen, […]
BlackRocks Global Macro Hedge Fund Bets on More Stock Declines
Bloomberg – BlackRock Inc.’s global macro fund, the world’s second-best performer over two years among hedge funds that invest based on economic trends, is betting against this month’s equities rally and buying bonds as a recovery from the worst credit […]