Category Archives: Syndicated
GLG, Och-Ziff Earnings Slump on Hedge Fund Losses
Bloomberg – GLG Partners Inc., the hedge-fund firm founded as a unit of Lehman Brothers Holdings Inc., and Och- Ziff Capital Management Group LLC reported lower fourth-quarter profits as their funds posted losses. GLG’s profit excluding acquisition costs dropped 78 percent […]
Hedge firm GLG assets fall
Reuters – Hedge fund GLG Partners reported a further drop in assets on Thursday and said the cycle of investor redemptions in the industry was not yet over despite its funds’ performance perking up in January. The London-based, New York-listed […]
Partner exits hedge fund firm NewSmith Capital
Reuters – NewSmith Capital Partners, one of the hedge fund firms to appear before last month’s Treasury Select Committee into the banking crisis, told Reuters on Thursday partner Jeremy Silewicz had left the firm. Silewicz, who joined NewSmith in March […]
Hedge funds in positive teritory
Director of Finance online – Lyxor says their Hedge Fund Index was up 1.53% in January. Lyxor is an asset management group wholly-owned by Socieìteì Geìneìrale. According to a report released today the top performing strategies over the month of […]
Madoff ‘has blood on hands’ over shooting death
West Sussex County Times – A former soldier who shot himself in the head in Southampton was facing bankruptcy after becoming the victim of an alleged fraud by US banker Bernard Madoff, his grieving son said. The son of William […]
No Performance Fees for 80% of Asia Hedge Funds
Bloomberg – More than 80 percent of Asian hedge funds won’t be able to charge their investors performance fees after finishing 2008 below their peak net asset values, according to data provider Eurekahedge Pte. About a third of the 1,000 […]
Bain Capital raises $475m for latest fund
Boston Globe – Despite the gloom gripping the markets, Bain Capital has raised $475 million for a new venture capital fund, according to two executives with direct knowledge of the fund. It is the firm’s fourth fund that invests in […]
Madoff’s wife took out $15M from husband’s firm before his arrest
Grand Forks Herald – The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband – including $10 million on the day their children turned her husband over to authorities for […]
Hedge fund manager may sell farm after being stung by Madoff
Reuters – Many gamblers have been forced to sell financial assets to cover bets on horses, but it is less common for a lover of thoroughbreds to sell a farm because of bad bets on investments. But that may be […]