Category Archives: Syndicated
High waves in market sink even legendary hedge funds
Tacoma News Tribune – Year after year, the hedge fund industry dazzled Wall Street by delivering “absolute returns” – outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with […]
Blackstone’s GSO hedge fund shuts Asia desk
Reuters – GSO Capital Partners LP, Blackstone Group’s $25 billion credit hedge fund, is closing its Asia investment desk after failing to find attractive investments in the region, sources familiar with the matter said on Tuesday. The four-member team, led […]
Viewpoint: Madoff scandal makes case against regulation
Baltimore Sun – If there is anything we have learned from the crisis in the financial sector, it’s the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might […]
How to run a hedge fund from your dorm room
North by Northwestern – By the start of his 9 a.m. class, Weinberg freshman Brian Levin has begun watching his investments. When the markets open, he checks his models to try to predict what will happen in the markets, and […]
Commercial property rents collapse in London hedge fund areas
The Independent – Rents for plush offices in Mayfair and St James’s plunged almost 30 per cent last year, hammered by the declining fortunes of many of their hedge funds tenants. The commercial property agency NB Real Estate has […]
Hedge Fund Charities Pinched as Donors Ask Results Firms Miss
Bloomberg – Martin Ward, a teacher at a London experimental school called the Evelyn Grace Academy, is pitching Arpad Busson on a new idea for getting poor kids interested in science. The charity that Busson leads, Absolute Return for Kids, or […]
Steel Partners Seeks to Convert Biggest Fund to Public Company
Bloomberg – Activist investor Warren Lichtenstein is seeking to convert his largest hedge fund into a publicly traded partnership after clients sought to withdraw 38 percent of their money. The $1.2 billion Steel Partners II Fund lost 39 percent last […]
Fraud worries grow for private equity deals in Asia
Forbes – Private equity investors in Asia are increasingly fearful of fraud within their portfolio companies as the global economic downturn puts mounting pressure on firms in the region. The global financial crisis has already caused significant damage to private […]
Hedge funds suffer losses but beat markets
Reuters UK – Hedge funds suffered their worst full-year loss ever in 2008 but their decline was still less steep than the 38 percent drop for the average stock mutual fund, data released on Thursday showed. The average hedge fund […]